Essel Propack crashes despite of improved Q1FY17

Essel Propack has declared its Q1FY17 results on Thursday. The company’s revenue has increased by 5.84 per cent to Rs 198 crore in Q1FY17 as compared to same period in previous financial year. Its EBITDA too has risen by 9.26 per cent to Rs 43.66 crore in Q1FY17 on a yearly basis. Essel Propack’s EBITDA margin has expanded by 69 basis points to 22.07 per cent in Q1FY17 as compared to same period in previous fiscal. The company’s net profit also has boosted by 23.51 per cent to Rs 19.28 crore in Q1FY17 on a yearly basis. Its net profit margin has expanded by 140 basis points to 9.75 per cent in Q1FY17 as compared to same period in previous financial year.

Whitehills Advisory services will be merged with Essel Propack as scheme of amalgamation is approved by Hon’ble High Court of Bombay.

The share price of Essel Propack has increased by 6.72 per cent on bourses in early trades; and is trading at Rs 208 on an intraday basis.

Essel Propack (EPL) is a producer of plastic packaging material in the form of multilayer collapsible tubes and laminates used primarily for packaging of toothpaste, personal care, cosmetics, pharmaceuticals, household and industrial products. The company offers specialised large diametre laminated tubes. It offers laminated tubes with features such as thermal timers, product authentication, child protection and aroma sensory features.