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Seshasayee Paper and Boards has reported a net profit of Rs 9.08 crore on a total income of Rs 177.31 crore for the quarter ended March 31, 2012.
This is a 37 per cent drop over the net profit in the corresponding quarter in the previous year when it reported a net profit of Rs 14.49 crore on an income of Rs 161.01 crore.
The company has reported a dividend of Rs 5 (50 per cent) on an equity share of Rs 10.
Across the board increases in cost of raw materials, fuel and finance costs have impacted the profitability for the paper manufacturer during 2011-12. Though the year started out on a buoyant note for the paper industry, the market slowed down in mid-2011.
The company's net profit for 2011-12 was Rs 34.10 crore (Rs 65 crore) on a turnover of Rs 637.83 crore (Rs 594.06 crore).
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