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Essel Propack Quarterly Results Q3FY16

157 Days ago

Consolidated Results comparison: Q3FY16 vs. Q3FY15:

  • Net Profit for the quarter at Rs. 42.9 crore as against Rs. 30.4 crore last year.

  • Income from Operations for the quarter at Rs. 513.4 crore as against Rs. 567.4 crore last year.

  • Revenue for the continuing business grew by 5.2% on underlying basis compared to same quarter previous year, adjusted for RM price reduction pass thru.

  • Comparable basis continuing business Net Profit at Rs. 42.9 crore, up by 44.5%.

  • EBITDA margin at 20.0% as against 17.5% for continuing business.

  • EPS for the quarter ended December 31, 2015 was Rs. 2.73 as against Rs. 1.94 on Rs. 2 face value per share.

 

Consolidated Results comparison: 9MY16 vs. 9MY15:

  • Net Profit for the 9 months at Rs. 140.6 crore as against Rs. 95.2 crore last year.

  • Income from Operations for the 9 months at Rs. 1623.3 crore as against Rs. 1711.2 crore last year.

  • Overall revenue for the 9 months for the continuing business grew by 7.1% on underlying basis compared to previous year, adjusted for RM price reduction pass thru.

  • Net profit includes Rs. 12.6 crore, being gain on sale of flexible packaging business divested in July 2015.

  • Comparable basis continuing business Net Profit at Rs. 127.8 crore, up by 36.3%.

  • EBITDA margin at 20.2% as against 18.2% for continuing business.

  • EPS for the 9 months ended December 31, 2015 was Rs. 8.95 as against Rs. 6.06 on Rs. 2 face value per share. 

 

Essel Propack Limited (NSE: ESSELPACK, BSE: 500135), a global leader in laminated plastic tubes catering to the FMCG & Pharma space, today announced its financial results for the quarter ended December 31, 2015.

 

The company had divested flexible packaging business in July 2015.

 

On a comparable basis, the company’s consolidated quarterly net profit excluding divested business was up 44.5% at Rs. 42.9 crore as against Rs. 29.7 crore in the corresponding quarter of last year.

 

On a comparable basis, the company’s consolidated quarterly revenue excluding divested business was up 1.2% at Rs. 513.4 crore as against Rs. 507.4 crore in the corresponding quarter of last year.

 

On a comparable basis, the company’s consolidated 9 month net profit excluding divested business was up 36.3% at Rs. 127.8 crore as against Rs. 93.8 crore in the corresponding 9MFY15.

 

On a comparable basis, the company’s consolidated 9 month revenue excluding divested business was up 3.1% at Rs. 1573.3 crore as against Rs. 1525.6 crore in the corresponding 9MFY15.

 

Statement from Ashok Goel, Vice Chairman & Managing Director, Essel Propack Limited:

“Europe and Americas are on track. Margins have been helped by stable RM prices and operational efficiencies. Continued growth in Europe & Latin America and demand revival in India, we believe will drive our topline growth to 15% CAGR in the coming quarters.” 

 

Business Highlights for the Quarter ended December 31, 2015:

  • Europe expansion is on track with strong revenue growth.

  • EAP margin improved and non-oral care share increase.

  • Americas margin improve due to better efficiencies.

  • AMESA revenue performance is impacted by sluggish economy in India and pass thru of RM price reduction.

  • Net debt reduced by INR 241 Crores y-o-y.

 

 

 

 

 

 

About Essel Propack Ltd:

Essel Propack, part of the USD 2.4 billion Essel Group, with FY15 turnover of over USD 380 million, is the largest specialty packaging global company, manufacturing laminated plastic tubes catering to the FMCG and Pharma space. Employing over 2700 people representing 25 different nationalities, Essel Propack functions through 21 state of the art facilities and in eleven countries, selling more than 6 billion tubes and continuing to grow every year.

 

Holding Oral Care market share of 36% 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 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.

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