Aug 04, 2015
Essel Propack declares its Q1 results for FY16
Consolidated Results comparison: Q1FY16 vs. Q1FY15:
- Income from Operations at Rs. 574.6 crore, up 4.7%
- Net profit at Rs. 38.4 crore, up 45.7%
- EBITDA margin at 18.1% as against 16.1%
- EPS for the quarter ended June 30, 2015 was Rs. 2.45 as against Rs. 1.68 on Rs. 2 face value per share
- Non Oral Care Revenue Share increasing from 42.2% to 43.3%.
EsselPropack 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 June 30, 2015.
The company's consolidated quarterly (Apr 2015-June 2015) net profit was up 45.7% at Rs. 38.4 crore as against Rs. 26.4 crore in the corresponding quarter of last year.
The consolidated revenue from global operations during the quarter was up at Rs. 574.6 crore, as against Rs. 548.7 crore in Q1FY15. EBIDTA stood at Rs. 103.9 crore up 17.2% as against Rs. 88.6 crore in the same period last year.
Statement from Ashok Goel, Vice Chairman & Managing Director, EsselPropack Limited:
"It has been a good start for us this financial year with robust growth in Operating Margin and Net Profit. All the regions have turned out good performance compared to previous year. Our non-India business (approx. 60% of total business) have posted a healthy 12% topline growth. India tubing sales have been flat in line with muted growth in FMCG. This month we divested our India flexible packaging business which will improve our finances and help us pursue growth opportunity in the core business. Sustained strong operational performance over the last 11 quarters continues to improve our cash flows and balance sheet. With the robust strategy and commitment to execution, we continue to be on track to achieve our stated objectives."
Business Highlights for the Quarter ended June 30, 2015:
- Americas operating margin improved due to strategy of converting plastic tube into laminated tube and also rapid ramp up of capacity in Colombia.
- Europe continues to scale up strongly and improve margins.
- EAP strategy is yielding results as non-oral care thrust drives y-o-y growth and margin expansion.
- AMESA revenue performance is impacted by muted growth in India tubing business and de-growth in India flexible packaging business, which is now divested, during the quarter. Operating margin improved due to improved product mix and operational efficiencies.