Essel Propack Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014
January 29, 2015 at 12:21 pm
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Essel Propack Limited reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, on consolidated basis, reported total income from operations (net) of INR 5,673.9 million compared to INR 5,367.7 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 580.7 million compared to INR 571.1 million a year ago. Profit from ordinary activates before tax was INR 402.6 million compared to INR 413.7 million a year ago. Net profit was INR 304.0 million or INR 1.94 per basic and diluted share (not annualized) compared to INR 283.1 million or INR 1.80 per basic and diluted share (not annualized) a year ago.
For the nine months period, on consolidated basis, reported total income from operations (net) of INR 17,112.3 million compared to INR 15,428.5 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,862.8 million compared to INR 1,716.0 million a year ago. Profit from ordinary activates before tax was INR 1,365.6 million compared to INR 1,240.2 million a year ago. Net profit was INR 952.3 million or INR 6.06 per basic and diluted share (not annualized) compared to INR 804.9 million or INR 5.12 per basic and diluted share (not annualized) a year ago.
For the quarter, on standalone basis, reported total income from operations (net) of INR 1,852.4 million compared to INR 1,705.6 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 206.8 million compared to INR 245.6 million a year ago. Profit from ordinary activates before tax was INR 139.9 million compared to INR 185.2 million a year ago. Net profit was INR 111.9 million or INR 0.71 per basic and diluted share (not annualized) compared to INR 133.6 million or INR 0.85 per basic and diluted share (not annualized) a year ago. India Standalone revenue grew by 8.6% impacted by the delayed onset of winter and lower than expected growth in FMCG sector.
For the nine months period, on standalone basis, reported total income from operations (net) of INR 5,709.5 million compared to INR 4,953.6 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 726.7 million compared to INR 741.5 million a year ago. Profit from ordinary activates before tax was INR 554.5 million compared to INR 596.4 million a year ago. Net profit was INR 414.0 million or INR 2.64 per basic and diluted share (not annualized) compared to INR 423.7 million or INR 2.70 per basic and diluted share (not annualized) a year ago.
EPL Limited is an India-based packaging company. The Company is engaged in the manufacturing of plastic packaging material in the form of multilayer collapsible tubes and laminates used primarily for packaging consumer products in the beauty and cosmetics, health and pharmaceuticals, food, home and oral care categories. Its geographical segments include the Americas (with operations in the United States, Mexico, and Colombia); Europe (with operations in Germany and Poland); AMESA - Africa, Middle East and South Asia (with operations in Egypt and India); and EAP - East Asia Pacific (with operations in China and the Philippines). The Companyâs product segments include laminates, laminated tubes, extruded tubes, caps and closures, and dispensing systems. The Company produces specialty laminates in its facilities in China and India. The Company also produces tamper-evident closures for the protection of products.
EPL LIMITED 
