TCPL Packaging Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 26, 2023 at 08:36 am EDT
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TCPL Packaging Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 3,833.83 million compared to INR 3,231.38 million a year ago. Revenue was INR 3,945.52 million compared to INR 3,309.44 million a year ago. Net income was INR 243.09 million compared to INR 169.03 million a year ago. Basic earnings per share from continuing operations was INR 26.54 compared to INR 18.07 a year ago. Diluted earnings per share from continuing operations was INR 26.54 compared to INR 18.07 a year ago.
For the full year, sales was INR 14,422.06 million compared to INR 10,653.76 million a year ago. Revenue was INR 14,845.01 million compared to INR 10,886.03 million a year ago. Net income was INR 1,110.7 million compared to INR 473.47 million a year ago. Basic earnings per share from continuing operations was INR 121.36. Diluted earnings per share from continuing operations was INR 121.36.
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.