Pudumjee Paper Products gets profitability boost
DSIJ Intelligence / 07 Feb 2017
Pudumjee Paper Products (PPPL) has declared its Q3FY17 results.On the financial front, PPPL sold 42288 MT of paper in nine-months, a 12 per cent increase over 37,851 MT sold during the same period in the previous year.
Pudumjee Paper Products (PPPL) has declared its Q3FY17 results.
On the financial front, PPPL sold 42288 MT of paper in nine-months, a 12 per cent increase over 37,851 MT sold during the same period in the previous year. The company’s revenue increased marginally to Rs 385 crore in 9MFY17 on yearly basis. Its earnings before interest, tax, depreciation and amortisation (EBITDA) too rose by 27 per cent to Rs 32.59 crore in 9MFY17 as compared to same period in previous fiscal year.
PPPL’s net profit boosted 125 per cent to Rs 13.94 crore in 9MFY17 on yearly basis. The company has witnessed sharp increase in profitability on the account of comparatively lower input costs, change in product mix and market strategy as necessitated by market conditions especially in the post demonetisation period.
The share price of PPPL increased 2.85 per cent on bourses in early trades and is trading at Rs 21.1 in an intraday basis.
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