Tamil Nadu Newsprint & Papers Q2 FY11 Results : Net profit rises 79.10%

by khalid on 24/10/2010 · 0 comments

Tamil Nadu Newsprint And Papers Limited (TNPL) has posted an increase in net profit for the period Q2 (ending Sep 2010) of the current fiscal (FY11). During the said quarter, net profit increased 79.10% to Rs 53.12 crore in comparison to the Rs 29.66 crore of Q2 (ending Sep 09) of previous year(FY10). Tamil Nadu Newsprint and Papers Limited (TNPL) is engaged in the production of newsprint, and printing and writing paper using bagasse. The Company operates in two business segments: paper and energy.

The company informed the share market(BSE) that the net sales rose 10.85% to Rs 289.49 crore in quarter ended Sep 2010 when compared with the last years same quarter ended Sep 2009 which was Rs 261.15 crore. At current value, the price-to-book value of the company was 1.3. The dividend yield of the company was 2.98%.

Share’s Data :-
BSE Code : 531426
Mkt. Cap : Rs 1,027.62 Crores
Tamil Nadu Newsprint And Papers Ltd. share’s CMP is Rs 148.50 on 22nd Oct 2010.

Source :- BelltheBull

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