TCPL Packaging Limited Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013; Will Expand its Operations by Setting Manufacturing Plant Near Guwahati
January 30, 2014 at 12:06 pm EST
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TCPL Packaging Limited reported unaudited earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported net sales/income from operations of INR 1,026.883 million, profit from ordinary activities before tax of INR 53.544 million, net profit of INR 33.957 million or INR 3.90 per basic and diluted share against net sales/income from operations of INR 935.991 million, profit from ordinary activities before tax of INR 55.388 million, net profit of INR 38.344 million or INR 4.41 per basic and diluted share a year ago. Profit from operation before finance cost was INR 98.961 million against INR 92.214 million a year ago. EBIDTA increased to INR 163 million against INR 146 million a year ago.
For the nine months, the company reported net sales/income from operations of INR 2,828.567 million, profit from ordinary activities before tax of INR 130.072 million, net profit of INR 82.621 million or INR 9.50 per basic and diluted share against net sales/income from operations of INR 2,645.193 million, profit from ordinary activities before tax of INR 143.235 million, net profit of INR 95.910 million or INR 11.02 per basic and diluted share a year ago. Profit from operation before finance cost was INR 262.184 million against INR 248.677 million a year ago.
The company also announced that it will expand its operations by setting a manufacturing plant near Guwahati in State of Assam. It is estimated to be ready for commercial production by the end of year 2014.
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.
TCPL Packaging Limited Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013; Will Expand its Operations by Setting Manufacturing Plant Near Guwahati