Paper maker Ballarpur Industries today reported 30.31% decline in its consolidated profit after tax (PAT) for the first quarter ended September 30 at Rs 35.06 crore.
The company had posted a PAT of Rs 50.31 crore in the corresponding period last year, Ballarpur Industries said.
The consolidated net revenue during the first quarter, however, increased by 8.05% to Rs 1,101.47 crore from Rs 1,019.42 crore in the year-ago period, it added.
The operations during the quarter operations of its Malaysian subsidiary, Sabah Forest Industries Sdn Bhd, was curtailed due to closure from September 12.
"The new pulp plant installation has been completed. The plant will resume operations from November 1, 2011," it said.
The shares of the company today closed 6.10% at Rs 29.55 apiece on the Bombay Stock Exchange.
