Essel Propack Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
January 30, 2014 at 08:12 am
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Essel Propack Limited reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, on consolidated basis, the company reported net sales/income from operations (net of excise duty) of INR 5,325.8 million against INR 4,443.3 million a year ago. Profit from operations before other income, interest & exceptional items was INR 571.1 million against INR 478.5 million a year ago. Profit from ordinary activities before tax was INR 413.7 million against INR 318.4 million a year ago. Net profit was INR 283.1 million against INR 220.6 million a year ago. Basic and diluted earnings per share were INR 1.80 against INR 1.40 a year ago.
For the nine months, on consolidated basis, the company reported net sales/income from operations (net of excise duty) of INR 15,301.2 million against INR 13,435.6 million a year ago. Profit from operations before other income, interest & exceptional items was INR 1,716.0 million against INR 1,402.0 million a year ago. Profit from ordinary activities before tax was INR 1,240.2 million against INR 854.9 million a year ago. Net profit was INR 804.9 million against INR 540.6 million a year ago. Basic and diluted earnings per share were INR 5.12 against INR 3.45 a year ago.
For the quarter, on standalone basis, the company reported net sales/income from operations (net of excise duty) of INR 1,651.9 million against INR 1,449.7 million a year ago. Profit from operations before other income, interest & exceptional items was INR 245.6 million against INR 214.7 million a year ago. Profit before tax for the period was INR 185.2 million against INR 164.7 million a year ago. Net profit after tax for the period was INR 133.6 million against INR 114.7 million a year ago. Basic and diluted earnings per share were INR 0.85 against INR 0.73 a year ago.
For the nine months on standalone basis, the company reported net sales/income from operations (net of excise duty) of INR 4,796.3 million against INR 4,252.2 million a year ago. Profit from operations before other income, interest & exceptional items was INR 741.5 million against INR 646.1 million a year ago. Profit before tax for the period was INR 596.4 million against INR 483.6 million a year ago. Net profit after tax for the period was INR 423.7 million against INR 360.5 million a year ago. Basic and diluted earnings per share were INR 2.70 against INR 2.29 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.
EPL LIMITED 
