Tamil Nadu Newsprint & Papers Limited has informed the Exchange about related Party Transactions
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 Q4 FY25 total revenue of Rs. 1,393.79 Crore, up 11.4% YoY, but full-year FY25 revenue declined 3.6% to Rs. 4,588.31 Crore from Rs. 4,761.80 Crore. FY25 profit after tax collapsed to just Rs. 3.73 Crore (from Rs. 208.16 Crore in FY24), with basic EPS falling to Rs. 0.54 from Rs. 30.08. FY25 EBITDA more than halved to Rs. 527.17 Crore from Rs. 838.75 Crore, reflecting severe margin compression. Management attributed the weak performance to cheap paper imports from ASEAN countries and a 20-25% rise in domestic hardwood pulp prices, which squeezed realisations and profitability. The Board recommended a final dividend of Rs. 3 per share (30%) for FY25 and the statutory auditor issued an unmodified opinion. The company also disclosed related party transactions, appointed a new CFO effective 1 July 2025, and named a new Executive Director (Operations) and Chief Risk Officer.
The steep fall in earnings and dividend payout (vs. the Rs. 60 per share total dividend implied last year) is a clear negative for shareholders and is likely to weigh on the stock. Related party transactions are routine and largely comprise KMP remuneration and contributions to the company's PF Trust and schools, posing no obvious governance concern.