Pudumjee Paper Products Q1 Profit Up by 16%

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@ Vikas Sharma | Sr Journalist

Pune: Pudumjee Paper Products Limited (PPPL) has reported impressive results for the three month period ended 30th June, 2019.

During the three month period ended 30th June, 2019, the Company sold 17141 MT of paper, a 5% increase over 16380 MT sold during the same period in the previous year. While the Turnover for the three month period increased by about 10% to Rs.159 crores (Rs.145 crores), EBIDTA for the period increased by 14% to Rs.12.93 crores (Rs.11.31 cores).

The Profit Before Tax for the three month period ended 30th June, 2019 showed a rise of 16% and stood at Rs.8.70 crores (Rs.7.49 crores).

The increase in the profitability has been on account of cost reduction measures initiated by the company coupled with change in product mix and strategy as necessitated by market conditions.

The Company is on the verge of completing the erection of equipment for downstream value added products which is expected to supplement the efforts of the Company for improving performance as well as strengthening business segment of Flexible Food Packaging papers.

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