Ballarpur Industries Ltd (BILT) today reported an 18.51 per cent decline in its consolidated net profit at Rs 15.4 crore for the second quarter ended December 31, 2012.
The company, which makes writing and printing paper, had posted a net profit of Rs 18.9 crore in the corresponding period of previous fiscal.
For the second quarter ended December 31, 2012 the company’s revenues stood at Rs 1,186.8 crore, against Rs 1,196 crore during the same period of previous fiscal, Ballarpur Industries Ltd (BILT) said in a statement.
BILT follows a July-June fiscal year.
The company’s board, which met today, constituted a committee of directors for evaluating proposals for enhancing growth and unlocking shareholders value, it added.
Shares of the company closed at Rs 22.30 on the BSE, down 0.67 per cent from its previous close.