EPL Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 08, 2023 at 05:23 am
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EPL Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 10,016 million compared to INR 9,481 million a year ago. Revenue was INR 10,112 million compared to INR 9,549 million a year ago. Net income was INR 505 million compared to INR 462 million a year ago. Basic earnings per share from continuing operations was INR 1.58 compared to INR 1.46 a year ago. Diluted earnings per share from continuing operations was INR 1.58 compared to INR 1.46 a year ago.
For the six months, sales was INR 19,118 million compared to INR 17,799 million a year ago. Revenue was INR 19,314 million compared to INR 17,909 million a year ago. Net income was INR 1,048 million compared to INR 796 million a year ago. Basic earnings per share from continuing operations was INR 3.29 compared to INR 2.52 a year ago. Diluted earnings per share from continuing operations was INR 3.28 compared to INR 2.52 a year ago.
EPL Limited is an India-based packaging company. The Company is engaged in the manufacturing of plastic packaging material in the form of multilayer collapsible tubes and laminates used primarily for packaging consumer products in the beauty and cosmetics, health and pharmaceuticals, food, home and oral care categories. Its geographical segments include the Americas (with operations in the United States, Mexico, and Colombia); Europe (with operations in Germany and Poland); AMESA - Africa, Middle East and South Asia (with operations in Egypt and India); and EAP - East Asia Pacific (with operations in China and the Philippines). The Companyâs product segments include laminates, laminated tubes, extruded tubes, caps and closures, and dispensing systems. The Company produces specialty laminates in its facilities in China and India. The Company also produces tamper-evident closures for the protection of products.