Ballarpur Industries' net profit falls to Rs.21.35 crore

Avantha group owned writing and printing paper maker Ballarpur Industries Limited (BIL) registered a net consolidated loss of Rs.21.35 crore during fiscal 2014-15 against a profit of Rs.49.30 crore in 2013-14.

Its total income from operations for the period under review fell by 9.57 percent at Rs. 4,076.99 crore compared to the net earning of Rs. 5,296 crore during the previous fiscal.

For the 2014-15's fourth quarter, its revenues fell by 9.12 percent at Rs.1,249.13 crore compared to Rs.1,374.49 crore in the same period of 2013-14.

Interestingly, BIL posted a net profit of Rs.27.55 crore crore during the quarter, which is up by a whopping 78.66 percent compared to the profit of Rs.15.42 crore in the corresponding timeframe in 2014.

Backed by a reduction of input materials cost by 15 percent, its depreciation and amortisation expenses too, during Q4 came down to Rs.104.36 crore from Rs.123.31 crore during the last quarter of 2013-14.

Savings on fuel and power during the first three months of the current year by 18.8 percent also helped the company cut down its costs from Rs.224.55 crore to Rs.182.32 crore.