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TCPL Packaging total income increases 15.6% to Rs247cr in Q4 results; Stock soars 3%

EBITDA stood at Rs36cr, with margins strong at 14.6%.

May 31, 2021 9:19 IST | India Infoline News Service
Market Up
TCPL Packaging Limited, one of India’s leading producers of sustainable packaging solutions for customers across industries, has announced its financial results for the quarter and year ended 31st March, 2021.

Performance at a glance:
  • Total Income stood at Rs247.2cr up 15.6%
  • EBITDA stood at Rs36cr, with margins strong at 14.6%
  • PBT improves to Rs14.9cr
  • Cash Profits stood at Rs25.8cr
Commenting on the performance for Q4 & FY21 Saket Kanoria, Managing Director, TCPL Packaging Limited said: “I am pleased to report that TCPL has concluded the year on a strong note with total income during the quarter increasing by 15.6%. After an unprecedented start to the fiscal year, we witnessed faster-than-anticipated return to normalcy in demand across various underlying industries including FMCG and Food & Beverage. Improving volumes along with better cost management enabled us to close the year with strong EBITDA margins of 15%."

"We are one of India’s largest producers of sustainable packaging solutions for customers across industries with a Pan-India presence. Given our 15-year net sales CAGR of 17.6%, we have consistently outperformed our underlying industries owing to our focused approach towards growth through diversification. It remains our endeavor to continue on this growth path by enhancing our product portfolio & customer base, while strengthening our relationship with existing customers," Saket Kanoria said.

As India emerges as a key global manufacturing hub, we believe the organized packaging industry, including the sustainable paperboard-based carton and flexible packaging segments, is well-poised to create tremendous value for all stakeholders in the future.”

On Monday at around 9:20 AM, TCPL Packaging was trading at Rs486 per piece higher by 3.39% on Sensex.

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