Ballarpur Industries Ltd (BILT) has reported a dip in net profit at Rs 18.9 crore for the second quarter ended December 31 against Rs 58.9 crore in the same period a year ago. The net revenue stood at Rs 1,196 crore compared with Rs 1,126 crore in second quarter 2010.
BILT follows a July 1 to June 30 iscal year; therefore, the current announcement covers the company's financial performance for the half-year and second quarter of fiscal 2011. The total paper production stood at 4,05,464 million tonnes in half yearly FY 2012 compared with 4,19,070 mt in H1 FY 2011.