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Print majors like Navneet, Repro and TCPL Packaging report profits

21 November 2012

Print majors like Navneet, Repro and TCPL Packaging have reported profits in the last quarter.

navneet The Kolbus installed at the Navneet plant in Dhantali, Ahmedabad

Ahmedabad-based Navneet Publications has reported a sales turnover of Rs 140.85 crore and a net profit of Rs 14.73 crore for the quarter ended September 2012.

According to a statement from the firm, the firm's content-based business registered a growth of 18%. The group is "optimistic to achieve good double digit growth for the next few years also in the publication segment. During the year under review, publication segment maintained its operating margin at 33% and is expected to maintain the similar operating margin growth in the current year as well."

Meanwhile the revenues from Navneet's stationery business, grew at 7%. This was mainly on account of severe competition from the new entrants in the domestic market. Due to "a strong export order in pipeline, Navneet anticipates that this segment would show remarkable improvement in the revenue from export in FY13."

Repro India has reported a sales turnover of Rs 100.82 crore and a net profit of Rs 9.07 crore for the quarter ended September 2012.

A look at the Repro balance sheet indicates two things: Repro's consolidated net revenue from operations is Rs 345.96 crores and its consolidated net profit for the year is Rs. 34.99 crores. The big ticket news from Repro India is its export domestic sales ratio which is 59:41. During the year, Repro did an export business of Rs 148 crores from the Surat facility. In FY 2011-12, Repro executed the single largest order of 22 million books for the Government of Nigeria. It was also awarded a direct World Bank tender in Ethiopia.

TCPL Packaging who are in the news because of the partnership agreement with Sweden-based AR Packaging Group AB has reported a sales turnover of Rs 91.74 crore and a net profit of Rs 2.67 crore for the quarter ended September 2012.

During the year 2011-12, the gross turnover of TCPL has increased to Rs 295.68 crores as against Rs 251.03 crores for the previous year ended 31st March, 2011 representing a growth of 17.79%. The multi-locational packaging firm has converted 33194 MT of paperboard as against 30984 MT in the previous year.

Last year, the Hardwar plant saw the installation of a KBA and Bobst which has boosted the plant capacity. TCPL also set-up a new factory for manufacture of corrugated cartons in the same industrial area. Furthermore TCPL has initiated steps to set-up a corrugating and finishing plant at Goa.

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