Tamil Nadu Newsprint & Papers Limited has informed the Exchange that Board of Directors at its meeting held on May 13, 2025, recommended Final Dividend of Rs. 3 per equity share.
TNPL · price
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On the reaction day the stock moved 2.7 pts more than Nifty Microcap 250 and 1.9 pts more than its Paper & Paper Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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TNPL reported audited results for Q4 and FY ended March 31, 2025. Full-year revenue from operations fell about 4% to Rs. 4,490.91 Crore from Rs. 4,689.61 Crore a year ago, while Q4 revenue rose roughly 9% to Rs. 1,336.77 Crore. Profitability was hit hard: full-year profit after tax collapsed to just Rs. 3.73 Crore (from Rs. 208.16 Crore), Q4 PAT slipped to Rs. 22.12 Crore (from Rs. 32.99 Crore), and full-year EBITDA dropped to Rs. 527.17 Crore from Rs. 838.75 Crore. The company blamed cheap paper imports from ASEAN and a 20–25% spike in domestic hardwood pulp prices for the severe margin pressure. The Board recommended a final dividend of Rs. 3 per share (30% on face value of Rs. 10), subject to shareholder approval at the 45th AGM on September 19, 2025. The statutory auditor issued an unmodified opinion, and the Board appointed R. Rengarajan as CFO (effective July 1, 2025) and Yogendra Kumar Varshney as Executive Director (Operations) and Chief Risk Officer (effective April 21, 2025).
The near-98% collapse in annual profit is a major red flag for shareholders and is likely to weigh on the stock, though the 30% dividend payout provides some support and signals board confidence. Investors should watch for any recovery in paper realisations and stabilisation of pulp costs, as the current earnings are barely above break-even despite healthy operating cash flows.