Pune, 29 October 2024: Pudumjee Paper Products Ltd., reported a 99% rise in the Profit Before Tax during the half year ended 30th September 2024 (Year-On-Year) to Rs.7,703 lacs consequent to lower raw material costs and net sales realization and manufacture of value-added products. Its revenue was up by 13% (Y-O-Y) to Rs.42,531 lacs. EBIDTA increased by 77% to Rs.8,508 lacs.
The Company has achieved return on capital employed at 27% as compared to 17% of last corresponding period. The cash and cash equivalent balance as on 30th September 2024 stood at Rs.22,975 lacs as against Rs.12,663 lacs of last corresponding period.
The Company has awarded Contract for setting up 15.4 MW Solar Power Project in Maharashtra with twin purpose of supporting goal of environment sustainability by increasing share of green energy to about 45% of its present requirement and improving overall cost of energy consumed. The plant is expected to be operational in next financial year.
The Company continues to focus on manufacturing various Biodegradable and Compostable Specialty Papers having barrier properties which are used as input for sustainable packaging solution for various food products, pharmaceutical and other products, hospital supplies, hygiene sectors, confectionary etc., which are witnessing high growth in demand.
