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.
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Huhtamaki PPL acquires Ajanta Packaging