Tamil Nadu Newsprint and Papers Limited

(A Govt. of Tamil Nadu Enterprise)

Regd. Office: 67, Mount Road, Guindy, Chennai 600 032 Phone: (91) (044) 22301094-97,22354415-16
Fax: 22350834 & 22354614 Web: www.tnpl.com
Email: response@tnpl.co.in.
export@tnpl.co.in
TNPL - The Corporate

Identity

Number:

TNPUSHARES/1 (2&3)/16
To
BSE Limited (BSE)
Corporate Relationship Department
Phiroze Jeejeebhoy Towers
25th Floor, Dalal Street
Mumbai- 400001

Sub:

& 18

L22121TN1979PLC007799

Dated: November 29, 2016

To
National Stock Exchange of India Limited NSE)
Listing Department
Exchange Plaza, 5th Floor,
Plot No. C/1, G Block,
Bandra Kurla Complex,
Bandra (East), Mumbai - 400051

Unaudited Financial Results for the quarter and half year ended 30.09.2016

The Board of Directors of the Company at their meeting held today, i.e. on 29.11.2016
has approved the Unaudited Financial Results (Standalone) for the quarter and half
year ended 30.09.2016.
A copy' of the approved Unaudited Financial Results
(Standalone) for the quarter and half year ended 30.09.2016 alongwith Limited Review
Report of Mis Raman Associate, Statutory Auditors of our company is enclosed
herewith in compliance with SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015.
A copy of the Press Release for the said Unaudited Financial Results (Standalone) is
also enclosed herewith.
Necessary arrangements have been made for publication of the Results in newspapers
as stipulated under the said regulations.
Thanking you,
Yours faithfully,
For TAMIL NADU NEWSPRINT AND PAPERS LIMITED

V'~V(~~

COMPANY SECRETARY
Encl : ala

Factory:

Kagithapuram-639

136, Karur District, Phone:

04324-277001

to 277017 Fax: (91) 04324-277025

TNPL - Maker of bagasse based eco-friendly

to 277029

paper

TAMIL NADU NEWSPRINT AND PAPERS liMITED

Regd. Office: 67, MOUNT ROAD, GUINDY,CHENNAI - 600 032. Web: www.tnpl.com.
CIN: L22121 TN1979PLC007799
STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH SEPTEMBER, 2016
Rs in Crore
Quarter ended
Half Year ended
30.09.2016130.06.2016
30.09.2015 30.09.20161 30.09.2015
Particulars
(Unaudited)
(Unaudited)
1. Income from Operations
a) Net Sales/Income from Operations
b) Other Operating Income
Total Income from Operations (Net) (a+b)
2.
a)
b)
c)

Expenses
Purchase / Materials consumed
Purchase of stock in trade
Changes in Inventories of Finished goods,
Work-in-progress and Stock in trade
d) Excise Duty on Sales
e) Employee Benefit Expenses
f) Depreciation and Amortisation Expenses
g) Power, Fuel and Water Charges
h) Repairs and Maintenance
i) Other Expenses
Total Expenses
3. Profit from Operations before Other Income,
finance cost & exceptional items (1-2)
4. Other Income
5. Profit from ordinary activities before finance costs and
exceptional items (3+4)
6. Finance Costs
7. Profit from ordinary activities after finance costs
but before exceptional items (5-6)
8. Exceptional Items
9. Profit from Ordinary activities before tax ( 7 -8)
10.Tax expense
11. Net Profit for the period (9-10)
12. Extraordinary Items (net of tax expenses)
13. Net Profit for the period (11 - 12)
14.0ther Comprehensive Income ( Net of tax)
15. Total Comprehensive
Income (13+14)
16. Paid-up Share Capital (Face value: Rs.lO/-per share
17. Earnings per share (of Rs / Share) (not annualised)
- Basic and Diluted EPS

697.48
11.93
709.41

774.63
11.58
786.21

570.45
10.52
580.97

1472.11
23.51
1495.62

247.51
20.41

226.85
49.41

188.54
24.33

474.36
69.82

(47.11)
30.43
67.30
52.87
115.38
44.04
55.04
585.87

27.07
29.78
63.29
46.39
125.43

(30.98)
25.82
44.26
34.48

39.67
44.76
652.65

104.10
38.33
48.54
477.42

(20.04)
60.21
130.59
99.26
240.81
83.71
99.80
1238.52

123.54
7.30

133.56
8.73

103.55
4.73

257.10
16.03

130.84
51.33

142.29
64.60

108.28
31.86

273.13
115.93

79.51

77.69

76.42

157.20

79.51
8.93
70.58
0.00
70.58
(0.76)
69.82
69.21

77.69
8.18
69.51
0.00
69.51
1.01
70.52
69.21

76.42
16.89
59.53
0.00
59.53
7.28
66.81
69.21

157.20
17.11
140.09
0.00
140.09
0.25
140.34
69.21

10.20

10.04

8.60

20.24

1239.22
19.12
1258.34

SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED

FOR THE QUARTER ENDED SEPTEMBER 2016
Rs in Crore

Particulars

1 Segment Revenue
a) Paper & Paperboard
b) Energy
c) Cement

Sub-Total
Less:lnter Segment revenue
Net Sales /Income from Operations
2 Segment Results (Profit (+) I Loss (-)
before tax and Interest)
10.71
55.57
92.99
a) Paper & Paperboard
70.79
b) Energy
207.83
c) Cement
75.90
Sub-Total
84.84
1055.76
Less: i) Interest
ii) Other unalfocable expenditure
net of unalfocable income
202.58
Profit from Ordinary Activities before Tax
8.98
3 Capital Employed (Segment Assets Segment Liabilities)
211.56
68.95
a) Paper & Paperboard
b) Energy
142.61
c) Cement
142.61
d) Other Unalfocable Liabilities (Net)
31.02
111.59
0.00
Total Capital Employed
111.59
(1.54)
110.05
69.21
373.89
83.24

Quarter ended
30.09.2016130.06.2016130.09.2015
(unaudited

Half Year ended

30.09.2016 30.09.2015
(unaudited)

657.72
102.53
34.34

742.77
65.68
25.84

526.04
79.18
35.34

1400.49
168.21
60.18

1162.90
157.16
60.65

794.59
97.11
697.48

834.29
59.66
774.63

640.56
70.11
570.45

1628.88
156.77
1472.11

1380.71
141.49
1239.22

121.66
6.03
6.50

141.74
0.62
3.65

99.46
4.86
7.28

263.40
6.65
10.15

201.30
7.61
11.28

134.19
51.33

146.01
64.60

111.60
31.86

280.20
115.93

220.19
68.95

3.35
79.51

3.72
77.69

3.32
76.42

7.07
157.20

8.64
142.61

3814.87
668.25
136.96
(1013.62)

3672.05
655.29
139.87
(795.59)

3678.36
343.94
104.57
(73235)

3814.87
668.25
136.96
(1013.62)

3678.36
343.94
104.57
(732.35)

3606.46

3671.62

3394.52

3606.46

3394.52

16.12

Notes:
Please refer Annexure for Notes to Accounts

Place: Chennai -32

Date
29th November,2016.

VIKRAM KAPUR, IAS

CHAIRMAN AND MANAGING DIRECT

TAMIL NADU NEWSPRINT AND PAPERS LIMITED

STATEMENT

OF ASSETS AND LIABILITIES

AS AT 30TH SEPTEMBER

, 2016

Unaudited
30.09.2016

Particulars
A.ASSETS
1.Non - Current Assets
a) Property, Plant & Equipment
b) Capital Work-in-progress
c) Investment Property
c) Other Intangible assets
d) Biological Assets other than bearer plants
e) Financial Assets
i) Investments
ii) Loans & Advances
Total - Non-Current Assets
2. Current Assets
a) Inventories
a) Financial Assets
i) Trade Receivables
ii) Cash and Cash Equivalents
iii) Loans & Advances
iv) Other Current Assets
Total - Current Assets
TOTAL - ASSETS
B. EQUITY & LIABILITIES

4069.56
101.47
5.35
24.25
6.54
0.98
101.47
4309.62
542.79
411.70
22.07
395.01
12.53
1384.10
5693.72

Equity
a) Equity Share Capital
b) Other Equity
Total Equity
Liabilities
1. Non Current Liabilities
a) Financial Liabilities
i) Borrowings
ii) Provisions
iii) Deferred Tax Liabilities (Net)
iv) Other Non-current Liabilities
Total - Non- Current Liabilities
2. Current Liabilities
a) Financial Liabilities
i) Borrowings
ii) Trade Payables
b) Other Current Liabilities
c) Provisions
d) Current Tax Liabilities
Total - Current Liabilities
TOTAL - EQUITY AND LIABILITIES

69.38
1513.17
1582.55

1661.97
105.48
390.36
0.05
2157.86

661.69
582.03
612.29
73.35
23.95
1953.31
5693.72
For

Place: Chennai -32

Date: 29th November,2016.

VIKRAM KAPUR, IA
CHAIRMAN AND MANAGING

IRECTOR

NOTES ON ACCOUNTS

FOR THE QUARTER ENDED 30TH SEPTEMBER,

1) The company has adopted Ind AS (Indian Accounting

corresponding

2016

Standards) w.e.f 1st April,2016.Accordingly

quarterly result of the previous year is restated. The reconcilation

the

of net profit as per Ind AS

and previous IGAAP ("Accounting Standard") for the quarter and half ended September, 2015 is given below
Rs.in Crore
Half-Year
Quarter
Ended
Ended
30.09.2015 30.09.2015
Particulars
111.48
59.84
(1) Net profit as per Previous Indian GAAP
(0.26)
(0.58)
(2) Fair Valuation of derivative Financial Instruments
0.39
0.67
(3) Fair valuation of Biological Assets upon transition
(4) Fair valuation impact of interest free deposits
(0.01 )
(0.05)
(5) Decommissioning Liability
(0.01 )
(0.03)
(6) Impact of Deferred tax
(0.22)
(0.10)
(7) Net profit before OCI as per Ind AS (1+6)
59.53
111.59
(8) Other comprehensive Income
7.28
(1.54 )
(9) Total Comprehensive Income as per Ind AS (8+9)
66.81
110.05
2) The above unaudited financial results were reviewed by the Audit Committee and approved by the Board
of Directors on 29.11.2016 and limited Review of the same has been carried out by the Statutory Auditors.
The Ind AS Compliant Financial Result pertaining to quarter and half year ended September 2015 has not
been subjected to limited review. However, the management has exercised necessary due diligence to
ensure that the financial result provide a true and fair view of its affairs.
3) The Company ceased capitalisation
effect from 15.3.2016
Advisory

Committee

of interest for Multi-Layer Double Coated Board Plant (MDCB) with

and capitalised
(EAC) opinion

the assets effective from 1.5.2016.

from the Institute of Chartered

Now, based on the Expert

Accountants

of India (ICAI), both

capitalisation of interest and capitalisation of assets is given effect from 1.5.2016, uniform date for both.
4) The figures for the previous period have been regrouped irestated, wherever necessary.

Place: Chennai -32

Date : 29th November,2016.

VIKRAM KAPUR, IAS

CHAIRMAN AND MANAGING DIRECTOR

rr=iCl

RAMAN ASSOCIATE

Chartered Accountants
Branch: I Floor, RE. Apartments,

: 091-044-2471

6226/2471 7337

7337

: 091-044-2471

IE] : ramanassociate@yahoo.com
ramanassociate@rediffmail.com

No. 70, Arya Gowda Road, West Mambalam, Chennai - 600 033

Limited

Review Report on the Unaudited

Financial

ended 30th September

Results for the Quarter

2016

The Board of Directors

Tamil Nadu Newsprint and Papers Limited
Chennai - 600 032

1.

We have reviewed
Newsprint
submitted

and

the accompanying

Papers

Limited

Disclosure Requirements]

of Directors.

Company"]

Regulations,

for

our review

2410, "Review of Interim

by the Institute

the

thus provide

quarter

financial

ended

of Regulation

September

Accountants

performed

with

2016,

being

the Statement

dated 5

July

based on our review.

requires

Auditor
that

procedures
an audit

of the Entity",

[SRE]
issued

we plan and perform

is free of material

We have not performed

and

th

the Standard on Review Engagement

of Company personnel and analytical

less assurance than an audit.

Nadu

and has been approved by the Board

by the Independent

of India. This Standard

assurance as to whether

30,

by Circular No. ClR/CFD/FACl62/2016,

in accordance

Information

results of Tamil

33 of the SEBI [Listing Obligations

of the Company's Management

of the Statement

to inquiries

standalone

is to issue a report on these Financial Statements

Financial

of Chartered

review to obtain moderate

primarily

2015 as modified

is the responsibility

Our responsibility

We conducted

is limited

["the

of unaudited

by the Company pursuant to the requirement

2016. This Statement

2.

statement

misstatement.

applied to financial
and, accordingly,

the

A review
data and
we do not

express an audit opinion.

3.

Based on our review conducted

accompanying

Statement

of

appl icable Indian Accounting

accounting

principles

modified

unaudited

standalone

Standards prescribed

generally

in terms of Regulation

disclosed,

as above, nothing has come to our attention

accepted

results

prepared

by Circular No. CIR/CFD/FAC/6212016,

in

accordance

with

Obligations

required

and Disclosure Requirements]

th

dated 5

July 2016, including

to be disclosed

Regulations,

Chennai, 29th November 2016

+I.. o. ;1t'l14p"'"

: 01111-21199 6255

7'>Mlfe/' - 7'>41f(J4lll'" : 091-080-2228

08711

Cl.'lflf4l

2015 as

the manner in which it is to be

misstatement.

N. Rag
Partne
M. No. 202578

C/'Uflf4l -

the

under Section 133 of the Companies Act, 2013 and other

in India, has not disclosed the information

33 of the SEBI [Listing

or that it contains any material

financial

that causes us to believe that the

7'>"4lfel. - f(."i)41H64It1l41H: 01111-21180 1097

7'>".,,,e!.- C"I~"Hl64"4H1: 09'1-01111111-222697

TAMIL NADU NEWSPRINT AND PAPERS LIMITED

PRESS RELEASE DATED 29th November 2016
TNPL Q2 Profit up by 18.55%

TNPL reported turnover of ~

2016,

so" September

667.05 Crore for the quarter ended

up by 22.47 % against

~544.63 Crore in the corresponding

quarter of

the previous year.

30th September, 2016 is ~79.51

Profit before Tax (PBT) for the quarter ended

Crore against

~76.42

provided for depreciation

Crore in the previous

& amortization and

Profit after Tax (PAT) is ~70.58

up by

year.

~52.87

Crore has been

~51.33 Crore for finance charges.

Crore against ~

59.53 Crore in the previous year,

18.55%.

Printing

& Writing

Paper

production

during

the

Packaging Board production during the quarter was

quality is well accepted

in the market.

quarter

was

100730 Mts.

18991 Mts. Packaging Board

Both production

and sales are being

stepped up.

Profit before Tax (PBT) for the half-year ended

against

<

142.61 Crore in the previous year. Profit after tax (PAT) for the half-

year ended
year.

30.09.2016 is ~ 157.20 Crore

30.09.2016 is ~.140.09 Crore against ~ 111.59 Crore in the previous