P G Foils Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2021
November 15, 2021 at 06:25 am EST
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P G Foils Limited reported earnings results for the second quarter and six months ended September 30, 2021. For the second quarter, the company reported sales was INR 1,025.17 million compared to INR 655.12 million a year ago. Revenue was INR 1,140.54 million compared to INR 689.63 million a year ago. Net income was INR 169.67 million compared to INR 52.71 million a year ago. Basic earnings per share from continuing operations was INR 20.92 compared to INR 6.5 a year ago. Diluted earnings per share from continuing operations was INR 20.92 compared to INR 6.5 a year ago.
For the six months, sales was INR 1,956.54 million compared to INR 1,297.79 million a year ago. Revenue was INR 2,111.2 million compared to INR 1,374.55 million a year ago. Net income was INR 315.3 million compared to INR 96.3 million a year ago. Basic earnings per share from continuing operations was INR 38.88 compared to INR 11.87 a year ago. Diluted earnings per share from continuing operations was INR 38.88 compared to INR 11.87 a year ago.
PG Foils Limited is an India-based aluminum foil company. The Company is primarily in the business of manufacture and sale of aluminum foil in the various form. Its products include pharma foil, blister foil, tagger foil, sachet foil, bare foil, house foil, tea bag foil, cigarette foil, container foil, polyester foil, multilayer laminated foil (both PET and paper-based), poly laminates, ice cream laminates, paper-based laminates, chocolate wraps, and contraceptive wraps. It also provides 3-4 Ply Sachet Foil, Household Foil, Pharmaceutical Strip Foil, Cold Forming Alu Alu Foils, Lidding Foil, Polyvinyl Chloride-Polyvinylidene Chloride (PVDC) Film Confectionery Foil, Pharmaceutical Blister Foil, and Tagger Foil. The Companyâs products are supplied in India and over 24 countries abroad, including the United Kingdom, United Arab Emirates, Australia, Russia, Bangladesh, Sri Lanka, Egypt, Jordan, Mexico, Oman, Nepal, Philippines, Kenya, Sudan, Iran, Ghana, and Nigeria.