Tamil Nadu Newsprint & Papers Q2 Net Profit Soars 212% Despite Margin Squeeze and Flat EBITDA

Tamil Nadu Newsprint & Papers Ltd (TNPL) delivered a remarkable 212% jump in net profit for the second quarter, reaching ₹81 crore, with revenue rising 21.4% year-over-year to ₹1,110 crore. Despite these strong top-line results, EBITDA was stagnant at ₹123 crore, and EBITDA margin narrowed by 248 basis points to 11.09%, reflecting challenges from increased input costs and operational efficiency pressures. The company's board approved unaudited results, initiated shareholder processes for a new independent director, and signaled an emphasis on governance improvements. While robust revenue growth and profitability reflect market resilience, the company faces the strategic challenge of optimizing costs and improving margins in a competitive landscape marked by raw material volatility. TNPL’s moves to enhance board capability and operational oversight underscore its commitment to navigating evolving industry and market demands.