Business
Pudumjee Paper Products Nine Month Ended PBT Up by 53%
Pudumjee Paper Products Limited (PPPL) has reported impressive results for the nine month period ended 31st December, 2019
During the nine months period ended 31st December, 2019, the Company produced 53276 MT of paper, an 11% increase over 47822 MT produced during the same period in the previous year. While the Turnover for the nine month period increased by about 8% to Rs.47121 lacs (Rs.43787 lacs), EBIDTA for the period increased by 39% to Rs.4804 lacs (Rs.3466 lacs) due to improved operating efficiency and lower cost.
Total Profit Before Tax for the nine months period ended 31st December, 2019 showed a rise of 53% and stood at Rs.3525 lacs (Rs.2299 lacs). The Net Profit After Tax for the period increased by 50% and stood at Rs.2331 lacs (Rs.1546 lacs).
The company is working to replace single use plastic in various applications including food & hygiene products packaging. The company is developing value added papers in collaboration with reputed companies in the field of food, hygiene and medical packaging.
The Company has successfully completed erection of equipment for downstream value added products which is expected to supplement efforts of the Company for improving performance as well as strengthening business segment of Flexible Packaging papers.
