Pudumjee Paper Products Ltd's year ended profit up by 65%

Pudumjee Paper Products Limited (PPPL) has reported all time high results for the year ended 31st March 2024.

During the year ended 31st March 2024, the Company produced 64,305 MT of paper, an 11% increase over 57,825 MT produced during the previous period. The turnover for the same period increased by about 3% to Rs.78,496 lacs (Rs.75,868 lacs). EBIDTA increased by 58% at Rs.14,942 lacs (Rs.9,480 lacs). Total Profit Before Tax showed a rise of 65% and stood at Rs.13,165 lacs (Rs.7,967 lacs). The Company is consistently improving its profitability in the same period over 5 years.

Consequently, the Company has achieved return on capital employed at 25% as compared to 17% of last year. The cash and cash equivalent balance as on 31st March 2024 stood at Rs.17,020 lacs as against Rs.7,647 lacs of last year.

The company is focusing on manufacturing various Biodegradable and Compostable specialty papers which are used as input for sustainable packaging solution for various food products, pharmaceutical and other products, hospital supplies, hygiene sectors, confectionary etc., which is witnessing high growth in demand.

The Company is currently operating at about 89% of its capacity and believes that the capacity utilization should gradually improve after full utilization of one of the Paper Making machines which was working partially during last year.

Shares of Pudumjee Paper Products Limited was last trading in BSE at Rs. 98.60 as compared to the previous close of Rs. 91.41. The total number of shares traded during the day was 654522 in over 5758 trades.

The stock hit an intraday high of Rs. 105.00 and intraday low of 91.30. The net turnover during the day was Rs. 65143889.00.

Source : Equity Bulls

Keywords

PudumjeePaperProducts INE865T01018 Q4FY24 FY2024 ResultUpdate FY24