Tamil Nadu Newsprint and Papers Ltd has reported a 78 per cent jump in net profit for the second quarter of the current year compared with the corresponding quarter previously.
For the quarter ended September 30, 2015, TNPL’s net profit was ₹59.84 crore (₹33.51 crore) on a turnover of ₹544.63 crore (₹463.34 crore).
Improved sales and cost control have contributed to the growth in net profit, according to a release from the company.
It expects to commission a 2-lakh-tonne-a-year multi-layer board plant by next month. The project is coming up in Tiruchi.
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