Revenues up 5.7% at Rs. 567.4 crore; PAT rises to Rs. 30.4 crore, up 7.4%
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For the quarter ended December 31 2014, the company’s consolidated net profit was up 7.4% at Rs. 30.4 crore compared to Rs. 28.3 crore in the corresponding quarter of last year.
The consolidated revenue for the global operations during the quarter were up 5.7% at Rs. 567.4 crore, as against Rs. 536.8 crore in the corresponding quarter of the previous year. EBIDTA for the quarter stood at Rs. 92 crore up 2.2% compared to Rs. 89.9 crore in the year-ago quarter.
For the nine months period ended December 31, 2014, the company’s consolidated revenue rose 10.9% to Rs. 1711.2 crore whereas the consolidated net profit was up at Rs. 95.2 crore as compared to Rs. 80.5 crore in nine months of FY14, an increase of 18.3%. EBIDTA for nine months of FY15 rose 8.2% to Rs. 287.5 crore compared to Rs. 265.7 crore in the same period last fiscal.
Ashok Goel, Vice Chairman & Managing Director, Essel Propack Limited:
“Our strategy for growing the non-oral care business is on track and has shown positive results. During the quarter under review, our non-oral care business grew by 15.2 % over last year.However, the revenue was impacted by unusually lower off take in the oral care category during Q3FY15. In fact, Year to date revenue grew by 10.9% and PAT by 18.3%.
Business Highlights for the Quarter ended December 31, 2014:
o Non oral care revenue for the quarter continued to grow strongly at 15.2% over previous year.
o Americas and Europe revenue posted robust growth with improved operating margin.
o EAP non oral care thrust is on plan, recording revenue growth of 41.9% during the quarter, albeit on a lower base.
o The quarter revenue is mainly impacted by unusually lower off take by key oral care customers.
About Essel Propack Ltd:
Essel Propack, part of the USD 2.4 billion Essel Group, with turnover of over USD 350 million, is the largest specialty packaging global company, manufacturing laminated plastic tubes catering to the FMCG and Pharma space. Employing over 2600 people representing 25 different nationalities, Essel Propack functions through 25 state of the art facilities in eleven countries, selling more than 6 billion tubes and continuing to grow every year.
Holding Oral Care market share of 33% in volume terms globally, Essel Propack is the world’s largest manufacturer with units operating across countries such as USA, Mexico, Colombia, Poland, Germany, Egypt, Russia, China, Philippines, Indonesia and India. These facilities cater to diverse categories that include brands in Beauty & Cosmetics, Pharma & Health, Food, Oral and Home, offering customized solutions through continuously pioneering first-in-class innovations in materials, technology and processes.