TNPL reports earnings for FY2020-21

Tamil Nadu Newsprint and Papers Limited (TNPL) reported total revenue of Rs. 1141.01 Crore for the quarter ended 31st March 2021 against Rs. 914.02 Crore in the corresponding quarter of the previous year.

The company earned Profit before Interest Depreciation and Tax (PBIDT) of Rs. 99.87 Crore for the quarter ended 31st March, 2021. After providing Rs. 60.08 Crore towards depreciation & amortization and Rs. 44.79 Crore for finance cost, the company incurred a loss before tax of Rs. 5.00 Crore and loss after tax of Rs. 3.93 Crore for the quarter ended 31st March, 2021.

Total revenue for the year ended 31st March 2021 is Rs. 2819.10 Crore against Rs. 3508.64 Crore in the corresponding previous year. The significant drop in revenue is due to impact of Covid-19 pandemic for the year ended 31st March, 2021.

The company earned Profit before Interest Depreciation and Tax (PBIDT) of Rs. 329.97 Crore for the year ended 31% March, 2021. After providing Rs. 235.33 Crore towards depreciation & amortization and Rs. 193.33 Crore for finance cost, the company incurred a loss before tax of Rs. 98.69 Crore and loss after tax of Rs. 65.11 crore for the year ended 31st March, 2021.

Printing & Writing Paper production during the year was 323588 MT. Packaging Board production was 171711 MT.

Shares of TAMIL NADU NEWSPRINT & PAPERS LTD. was last trading in BSE at Rs.173 as compared to the previous close of Rs. 172.75. The total number of shares traded during the day was 39106 in over 1024 trades.

The stock hit an intraday high of Rs. 174.6 and intraday low of 169.8. The net turnover during the day was Rs. 6733527.

Source : Equity Bulls

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