Riding on buoyant paper prices, Chennai-based Tamil Nadu Newsprint and Papers Ltd has posted a 21 per cent jump in its net profit for the quarter ended September 30.
Net profit for the quarter stood at Rs 40.27 crore as against Rs 33.24 crore during the same quarter last year, the company informed Bombay Stock Exchange (BSE).
Turnover for the quarter was Rs 288.82 crore, up over 20 per cent compared to the corresponding quarter. Paper production during the quarter was 66,845 tonnes, up about 5 per cent from the same quarter in the previous year.
At 1045 hrs, the company’s share price at BSE was trading at Rs 62.45, up marginally from the previous close.
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