Byline: Our Bureau
Tamil Nadu Newsprint and Papers Ltd has reported a net profit of Rs 20.45 crore on an income of Rs 563.18 crore for the quarter ended March 31.
During the corresponding period in the previous year, the company reported a net profit of Rs 19.55 crore on an income of Rs 344.73 crore.
The company has recommended a dividend of Rs 5 (50 per cent) on an equity share of Rs 10 for 2011-12.
According to a press release from the company, rising cost of inputs and low market prices have had an impact on profits. The net profit for the year was Rs 108.94 crore (Rs 148.99 crore) on a total revenue of Rs 1,538.98 crore (Rs 1,225.03 crore). …