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TNPL Posts 33% Increase in Net Profits for Q1 YoY : Result Analysis


Tamil Nadu Paper Limited is a Government of Tamil Nadu undertaking, with major business in paper production. TNPL has posted descent results with 16.8% increase in revenue and  33% increase in net profits YoY.

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  • The increase in profits was mainly due to higher operating margins coupled with increase in revenue. TNPL has increased its operating margin from 15.3% in Q1FY16 to 17.6% for Q1 current year.
  • The other thing to look out is the finance costs of the company has gone up by 74.17% YoY. This means the company has been adding more debt to finance its operations.
  • TNPL has paid only 10.52% of the PBT as taxes for Q1 current year, and for previous year same quarter, it has paid  nearly 21.28% of PBT as taxes. Indicating, for coming quarters it needs to put more money aside for taxes.
  • The company has also stated that, they will be ramping up the production of paperboard in a gradual manner.

TNPL Q1FY17 Results
The results were post market hours, however the stock prices closed 6.16% down at Rs 281.60.
TNPL Q1FY17 Results Copy

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Disclosure: The authors at Capital Mind have positions in the market and some of them may support or contradict the material given above, or may involve a direction derived from independent analysis.


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