India's largest manufacturer of writing and printing (W&P) paper Ballarpur Industries posted 18.5% decline in its consolidated net profit at Rs 15.4 crore for the quarter ended December 31, 2012 compared to Rs 18.9 crore in the corresponding period last year.
The company’s revenue also declined, albeit marginally, to Rs 1,186.8 crore for the quarter ended December 2012 as against Rs 1196 crore in the same period last year.
Paper sales of the company remained flat at 2,08,736 tonnes in the quarter between October–December 2012 compared to 2,08,737 tonnes in the same period last year.
The company’s rayon grade pulp sales declined from 19,913 tonnes from 18,717 tonnes in the quarter under consideration.
