TCPL Packaging Limited Announces Unaudited Standalone Earnings Results for the Third Quarter and First Nine Months Ended December 31, 2016
January 24, 2017 at 03:53 am EST
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TCPL Packaging Limited announced unaudited standalone earnings results for the third quarter and first nine months ended December 31, 2016. For the quarter, the company announced net sales or income from operations of INR 1,571.318 million compared to INR 1,496.747 million a year ago. Profit from operations before finance costs were INR 203.860 million compared to INR 199.295 million a year ago. Profit from ordinary activities before tax was INR 151.001 million compared to INR 143.620 million a year ago. Net profit from ordinary activities after tax was INR 98.483 million or INR 11.32 per basic and diluted share compared to INR 104.431 million or INR 12.00 per basic and diluted share a year ago.
For the first nine months, the company announced net sales or income from operations of INR 4,561.537 million compared to INR 4,269.658 million a year ago. Profit from operations before finance costs were INR 579.541 million compared to INR 569.030 million a year ago. Profit from ordinary activities before tax was INR 425.005 million compared to INR 411.610 million a year ago. Net profit from ordinary activities after tax was INR 277.188 million or INR 31.86 per basic and diluted share compared to INR 288.621 million or INR 33.17 per basic and diluted share a year ago.
TCPL Packaging Limited is an India-based packaging company. The Company is a manufacturer of printed packaging materials, such as cartons, boxes, shells, hinge lid blanks and is also a manufacturer of flexible packaging materials. It manufactures folding cartons, printed blanks and outers, litho-lamination, plastic cartons, blister packs and shelf-ready packaging. It produces printed cork-tipping paper, laminates, sleeves and wrap-around labels. The Company offers blanks and outers to the global tobacco companies. It caters to Indian and global liquor companies for their packaging requirements that include folding cartons and fluted cartons. It is a provider of packaging for customers in the food and beverage industry in India and around the world. The Company also serves pharmaceutical, fast-moving consumer goods (FMCG), agrochemicals and electrical industries. The Company's factories are located at Silvassa, Haridwar, Goa, and Guwahati. It is also a converter of paperboard.