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| Press Release dated 22nd January 2008 |
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| TNPL - Profit up by 28% |
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Tamil Nadu Newsprint & Papers Limited (TNPL), one of India’s largest paper manufacturers, reported strong results for the quarter ended December 31, 2007. |
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Results Highlights for QE December 31, 2007 (Rs Cr) |
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Particulars |
Q3 FY 08 |
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Total Income |
238.86 |
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EBITDA |
67.63 |
51.39 |
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PBT |
41.45 |
31.06 |
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PAT |
28.48 |
22.30 | |
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The company has reported Total Income of Rs.238.86 Crore. Profit before tax grew by 33% to Rs.41.45 Cr., Profit after tax by 28% to Rs.28.48 Crore and EPS by 28% to Rs.4.11 per share, over the corresponding period of last year.
Higher production and higher realization have contributed to the increase in profit.
Production during the quarter was 62026 Mts equivalent to 107.87% of the capacity against 57425 Mts in the corresponding quarter of last year.
The company has substantially completed its Mill Development Plan. The Evaporator, Recovery Boiler, Lime Kiln and few other plants were commissioned during September 2007 and the 20 MW TG during October 2007. The remaining plants will be commissioned during March 2008. The benefits of the implementation of the Mill Development Plan in the form of increased pulp capacity rise in paper manufacturing capacity and an increase in power generation capacity from 66.12 MW to 86.12 MW, will start accruing from April 2008 onwards.
Seeing the growth potential, the company has allocated its surplus cash flow towards further enhancement of capacity. The Mill Expansion Plan for increasing the paper production capacity from 2,45,000 tpa to 4,00,000 tpa is expected to be implemented by March 2010.
The company continues to enjoy its relatively lower reliance on wood because of its vision to make paper primarily from Bagasse- a sugarcane waste product, which is abundant and cheap, as compared to wood which is scarce and expensive. As the world’s largest bagasse-based paper company, TNPL’s reputation, for its environment friendly paper manufacturing process, is becoming significant in world markets.
In order to further de-risk the company’s exposure to volatile wood pulp prices, TNPL has raised its pulpwood plantation in 19349 acres through farm forestry and captive plantation schemes till the end of March 2007. Pulpwood plantation would be extended to another 12000 acres during the current year.
The company is already self-reliant for entire power needs including additional power requirements for anticipated growth for the next few years.
In order to further enhance value for stockholders, the company is implementing two initiatives - utilizing the company’s surplus and valuable land in suburb of Chennai in setting up an IT park.
TNPL is also setting up a mini cement plant having a capacity of 400 tpd for producing high grade cement using the lime sludge and fly ash generated in the process of manufacture of paper. TNPL will be the first mill from Paper Industry to produce high grade cement from the lime sludge and fly ash, the waste materials in paper manufacturing.
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| Press Release dated 27th October 2007 |
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TNPL Reports Strong Results - Profit up by 43%
Declared Interim Dividend of 20% |
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Tamil Nadu Newsprint & Papers Limited (TNPL), one of India’s largest paper manufacturers, reported strong results for the quarter ended September 30, 2007, the best in any quarter so far. |
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Results Highlights for QE September 30, 2007 (Rs Cr) |
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Particulars |
Q2 FY 08 |
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Total Sales |
245.51 |
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EBITDA |
72.73 |
55.15 |
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PBT |
49.26 |
33.46 |
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PAT |
33.25 |
23.23 | |
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The company has reported sales of Rs.245.51 Crore. Profit before tax grew by 47% to Rs.49.26 Cr., Profit after tax by 43% to Rs.33.25 Crore and EPS by 43% to Rs.4.80 per share, over the corresponding period of last year.
Higher production, higher realization and cost savings have contributed to the increase in profit. TNPL Board has declared Interim Dividend of 20% for the Financial Year 2007-08.
Production during the quarter was 63499 Mts equivalent to 110.43% of the capacity against 59644 Mts in the corresponding quarter of last year.
The company has substantially completed its Mill Development Plan. The Evaporator, Recovery Boiler, Lime Kiln and few other plants were commissioned during September 2007 and the 20 MW TG during October 2007. The remaining plants will be commissioned during November and December 2007. The benefits of the implementation of the Mill Development Plan in the form of increased pulp capacity, rise in paper manufacturing capacity from 2,30,000 Mts per annum to 2,45,000 Mts per annum, and an increase in power generation capacity from 61.12 MW to 81.12 MW, will start accruing from January 2008 onwards.
Seeing the growth potential, the company has allocated its surplus cash flow towards further enhancement of capacity. The Mill Expansion Plan for increasing the paper production capacity from 2,45,000 tpa to 4,00,000 tpa is expected to be implemented by Dec 2009.
The company continues to enjoy its relatively lower reliance on wood because of its vision to make paper primarily from Bagasse- a sugarcane waste product, which is abundant and cheap, as compared to wood which is scarce and expensive. As the world’s largest bagasse-based paper company, TNPL’s reputation, for its environment friendly paper manufacturing process, is becoming significant in world markets.
In order to further de-risk the company’s exposure to volatile wood pulp prices, TNPL has raised its pulpwood plantation in 19349 acres through farm forestry and captive plantation schemes till the end of March 2007. Pulpwood plantation would be extended to another 12000 acres during the current year.
The company is already self-reliant for entire power needs including additional power requirements for anticipated growth for the next few years.
In order to further enhance value for stockholders, the company is implementing two initiatives - utilizing the company’s surplus and valuable land in suburb of Chennai in setting up an IT park.
TNPL is also setting up a mini cement plant having a capacity of 400 tpd for producing high grade cement using the lime sludge and fly ash generated in the process of manufacture of paper. TNPL will be the first mill from Paper Industry to produce high grade cement from the lime sludge and fly ash, the waste materials in paper manufacturing. |
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| Press Release dated 18th July 2007 |
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| TNPL QI PAT INCREASES BY 26% |
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Tamil Nadu Newsprint and Papers Limited (TNPL) has earned a Profit before tax of Rs.35.33 Crore for the quarter ended 30.06.2007 against Rs.26.87 Crore in the previous year. Rs.17.13 Crore has been provided for depreciation and Rs.5.12 Crore for interest and finance charges. The Profit after tax for the quarter ended 30.06.2007 was Rs.23.73 Crore against Rs.18.81 Crore in the previous year, registering an increase of 26%.
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Production during the quarter was 56780 Mts against 54318 Mts in the previous year. The turnover was Rs.214.01 Crore against Rs.179.32 Crore in the previous year. Export sales was 8860 Mts. |
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TNPL has raised pulpwood plantation in 19349 acres (upto 2006-07) through farm forestry and captive plantation schemes to meet the growing needs of pulp wood. TNPL has planned to raise pulpwood plantation in about 15000 acres during 2007-08. |
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The Mill Development Plan (MDP) envisaging increase in pulp production capacity from 520 tpd to 800 tpd with Element Chlorine Free (ECF) Bleaching at a capital outlay of Rs.565 Crore will become operational from October 2007. This will enable the Company to increase the paper production to 2,45,000 Mts per annum. |
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The Mill Expansion Plan for increasing the paper production capacity from 2,45,000 tpa to 4,00,000 tpa will be taken up during the current year and fully implemented by end of September 2009. |
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Global tender has already been floated for purchase of a new State-of-the-art Paper Machine with a production capacity of 155000 tpa. |
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TNPL has planned to establish a new mini cement plant at a capacity of 400 tpd for producing high grade cement using the lime sludge and fly ash generated in the process of manufacture of paper. TNPL will be the first mill from Paper Industry to produce high grade cement from the lime sludge and fly ash, the waste materials in paper manufacturing.
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| Press Release dated 2nd June 2007 |
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| TNPL PBT - Rs.125 Crore
TNPL DECLARES FINAL DIVIDEND 25%
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Tamil Nadu Newsprint and Papers Limited (TNPL) has earned a Pre-Tax Profit of Rs.125.03 crore for the year ended 31.03.2007 after providing for Rs.66.73 crore towards depreciation and Rs.20.52 crore towards interest and finance charges against Rs.101.47 Crore in the previous year representing a growth of 23%. The Post-Tax profit during the year was Rs.86.06 crore against Rs.80.55 crore in the previous year.
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During 2006-07, TNPL achieved an all time high production of 2,31,161 Mts against 2,30,079 Mts in the previous year. During the year, TNPL has produced 44,407 Mts of copier paper registering a growth of 18% over the previous year. |
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During the year TNPL has exported 52,712 Mts of wood free Printing & Writing Paper. TNPL has received Special Export Award from CAPEXIL for the 8th consecutive year in recognition of the outstanding export performance. |
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TNPL Board has already paid an Interim Dividend of 15% for the Financial Year 2006-2007 during November 2006. The Board of Directors have recommended a final dividend of 25% for the year ended 31.03.2007.
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The Mill Development Plan (MDP) envisaging increase in pulp production capacity from 520 tpd to 800 tpd with Elemental Chlorine Free (ECF) Bleaching at a capital outlay of Rs.565 Crore will be completed in all respects by August 2007. This will enable the Company to increase the paper production to 2,45,000 Mts per annum. |
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The second phase of MDP for increasing the paper production capacity from 2,45,000 tpa to 3,65,000 tpa will be taken up during the current year and implemented by end of September 2009. |
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During the year, TNPL has installed 6 Nos. of Wind Electric Power Generators with a capacity of 1.25 MW each, in Tirunelveli District at a total cost of Rs. 40 Crore. With this, the wind farm capacity has increased to 35.5 MW. |
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During the year, TNPL has raised pulp wood plantation in 10,013 acres (as against 9,268 acres in the previous two years) through Farm Forestry and Captive Plantation programmes. 2107 farmers in fifteen districts have participated in the plantation programme. |
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TNPL achieved Zero Stock of finished goods (NP & PWP) as on 31.03.07. This is the 16th year in which the Company has achieved Zero Stock at the end of the financial year.
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TNPL is taking steps to install a 400 tpd mini cement plant using the lime sludge generated from the paper mill as the raw material. | |
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| Press Release dated 23rd January 2007 |
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| TNPL Q3 NET PROFIT UP BY 52 % |
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Tamil Nadu Newsprint and Papers Limited (TNPL) has earned a Net Profit (Pre-tax) of Rs.31.06 crore for the quarter ended 31.12.2006, after providing for Rs.16.22 crore towards depreciation and Rs.4.11 crore towards interest and finance charges against the Net Profit (Pre-tax) of Rs.19.01 crore earned during the corresponding period of the previous year.
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The Net Profit after providing for current tax, deferred tax and fringe benefit tax for the quarter ended 31.12.2006 works out to Rs.22.30 crore against Rs.14.65 crore in the corresponding period of the previous year, registering an increase of 52 %. |
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During the nine months ended 31.12.2006, the Company has earned a Net Profit (Pre-tax) of Rs.91.39 crore after providing for Rs.48.11 crore towards depreciation and Rs.15.03 crore towards interest and finance charges against the Net Profit (Pre-tax) of Rs.65.15 crore achieved during the corresponding period of the previous year. |
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The Net Profit, after providing for current tax, deferred tax and fringe benefit tax for the nine months ended 31.12.2006, works out to Rs.64.34 crore against Rs.45.95 crore in the corresponding period of the previous year, registering an increase of 40 %. |
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TNPL has already paid Interim Dividend of 15% for the financial year 2006-07.
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Production during the quarter was 56,966 Mts. The capacity utilization was 99%. |
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During the quarter ended 31.12.2006, the Company has achieved a turnover of Rs.214.45 crore against Rs.198.74 crore achieved during the corresponding period of the previous year, registering an increase of 8 %. |
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Export sales upto December 2006 at 40553 Mts has registered a growth of 40% over the previous year sales of 28929 Mts. |
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Branded copier sales upto 31.12.2006 was 29687 Mts against 26882 Mts during the corresponding period of the previous year registering a growth of 10.4%. |
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During the current year, TNPL has raised pulp wood plantation in 7314 acres through Farm Forestry and Captive Plantation Programmes and aims to reach the target of 10000 acres before the end of the year. |
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The Mill Development Plan being implemented for converting the existing conventional bleaching into environmental friendly Elemental Chlorine Free bleaching and augmenting the pulping capacity from 520 tpd to 800 tpd and paper capacity from 230000 tpa to 245000 tpa will be fully implemented by end of June 2007. The company is taking steps to implement the second phase of Mill Development Plan for increasing the paper capacity from 245000 tpa to 365000 tpa. The second phase will be fully implemented by end of June 2009. | |
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