PAT (profit after tax) for the quarter grew by 154% to INR Rs 788 million versus INR Rs 310 million in Q1 FY 2023. “Profits will improve slightly with the cost of newsprint coming down but dollar price has also gone up. “The pulp prices and the newsprint prices have been coming down for 3-4 months and we don't go very long in a commodity cycle which is coming down. According to industry experts, in the last four-five years, the cost of newsprint has gone up by nearly 90%. The top price for newsprint for 2022 was $1000/tonne, up from $450/tonne in Jan-March 2021.

Source: The Hindu September 02, 2023 15:04 UTC