Q4 results: Thumbs up for converters

Essel Propack

Essel Propack (EPL) consolidated revenue from global operations during this quarter was up at Rs 611.7-crore, as against Rs 581.8-crore for the corresponding quarter last fiscal year. The company’s quarterly net profit was up by 66.1% at Rs 45.4-crore as against Rs 27.3-crore in the corresponding quarter of last year.

 

The company has recommended dividend of Rs 1.60 per equity share of face value of Rs 2 each for the financial year ended March 31, 2015, subject to the approval of the members at the ensuing Annual General Meeting.

 

Ashok Goel, vice chairman and managing director, EPL said “With a record profit after tax of Rs 140-crore, it has been a momentous 3-year period of growth. This impressive performance is a testimony of renewed energy in the organisation to seize the opportunity that was provided by value added non-oral care category. Having laid a strong base by putting the necessary building blocks in place and with our continuous innovations and new capabilities the company looks to continue its sustained profitable growth in the coming years towards the goal of achieving 50% revenues from non-oral care business.”

 

EPL is a part of the Essel Group and functions through 24 state-of-the-art facilities in 12 countries, selling more than five billion tubes. With a market share of 33% in the laminated tubes domain, EPL is the world’s largest manufacturer with units operating across countries such as US, Mexico, Colombia, UK, Poland, Germany, Egypt, Russia, China, Philippines, Indonesia and India.

 

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TCPL Packaging

TCPL Packaging has reported a sales total income from operations of Rs 128.96-crore and a net profit of Rs 8.68-crore for the quarter ended March 2015. Other income for the quarter stood at Rs 1.99-crore.

 

TCPL is one of the largest exporters of printed cartons from India. It regularly caters to consumers in countries like UK, Netherlands, UAE, Bangladesh etc. Exports constitute about 22% of TCPL's annual revenues.

 

It is one of India's largest manufacturers of printed folding cartons and operates out of seven manufacturing units; three in Silvassa, two in Haridwar, one in Goa, and the most recently inaugurated in Guwahati. The Guwahati unit, inaugurated on 29 January 2015, is spread across eight acres and is poised to convert 750 tonnes per month.