Tamil Nadu Newsprint & Papers Limited has informed the Exchange that Board of Directors at its meeting held on April 24, 2026, recommended Final Dividend of Rs. 4 per equity share.
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Tamil Nadu Newsprint & Papers Limited reported FY2025-26 results with total revenue of Rs. 4,720.77 crore, up 2.9% from Rs. 4,588.31 crore in the previous year. Profit after tax surged to Rs. 247.75 crore from just Rs. 3.73 crore, though this jump was largely due to a Rs. 219.43 crore deferred tax liability reversal following the company's switch to the new tax regime. The Board recommended a final dividend of Rs. 4 per share (40% on Rs. 10 face value), unchanged from the previous year. The record date is September 17, 2026, and if approved at the AGM on September 24, 2026, the dividend will be paid from September 28 onwards. The company achieved its highest ever production and sale of paper and board, with Board Unit turning profitable during the year despite challenging market conditions from cheaper imports.
The company delivered strong earnings growth driven by one-time tax benefits, though underlying operational improvement was modest. The maintained dividend signals management confidence, but without knowing the current stock price, the yield impact cannot be assessed. The surge in PAT should be viewed cautiously as it includes a significant one-time tax item.