Huhtamaki-PPL Q1 PAT shows 9% rise

By 11 May 2018

Mumbai-based packaging major, Huhtamaki-PPL, reported a total income of Rs 55,728 lakhs for the first quarter ended 31 March 2018 as against Rs 56,769 lakhs for the corresponding period in the previous year.

image

The Company’s Profit from Operations before tax for the period increased by 11.71% to Rs 3,273 lakhs (Rs 2,930 lakhs in Q1-2017).

The Profit after Tax for the first quarter ended 31 March 2018 stood at Rs 1,780 lakhs, a 9% increase over Rs 1,632 lakhs posted in the corresponding quarter in the previous year.

The Company’s Earnings per Share (face value: Rs 2 each, not annualized) for the quarter stood at
Rs 2.36 as against Rs 2.16 for the corresponding quarter in the previous year.

In March this year, HPPL acquired Ajanta Packaging for label business at an enterprise valuation of Rs 100.3-crore, on a “cash-free, debt-free basis”.

Recently, HPPL invested in India’s first HP Indigo 20000. This new machine has been a driving force behind Coca-Cola’s Share A Coke campaign.


Read both the stories here:
Huhtamaki PPL acquires Ajanta Packaging

Huhtamaki PPL launches India’s first HP Indigo 20000 with Share A Coke campaign

Tags: HPPL

Events

Oct
24
Nov
22
Feb
01

IndiaPack PacProcess  NEW!

Oct 24 - 26 Oct 2018
Bombay Exhibition Centre, Gore...

Labelexpo India 2018 NEW!

Nov 22 - 25 Nov 2018
India Expo Centre & Mart, Grea...

PrintPack India NEW!

Feb 01 - 06 Feb 2019
India Expo Centre, Greater Noi...

Latest Poll

What credit terms will you offer a print management company?