Tamil Nadu Newsprint and Papers Ltd (TNPL) has reported a net profit of ₹6.52 crore for the quarter ended September 30, 2018 when compared with a net loss of ₹13.2 crore in the year-ago period.
Amid higher costs, better realisations and higher volume have helped the company post profit as against a loss in the prior year quarter.
The company reported profit before exceptional item and tax of ₹10.15 crore as against a loss of ₹38.16 crore in the same period last year.
Revenue from operations saw a sharp growth of 87 per cent for the quarter at ₹1005.7 crore when compared with ₹537.94 crore in the second quarter of previous fiscal on account of strong demand in the market.
Paper production during the second quarter was 1,06,749 tonnes as against 87,164 tonnes. Packaging Board production was 47,487 tonnes against 28,659 tonnes in the corresponding quarter of previous year.