Pudumjee Paper Products' net profit improves by 99% in H1FY25

31 Oct 2024 , 12:24 PM

Pudumjee Paper Products Ltd. recorded a 99% increase in Profit Before Tax (Year-On-Year) to ₹7,703 Lacs for the half year ended 30th September 2024, owing to lower raw material costs, net sales realisation, and the manufacture of value-added products. Its revenue increased by 13% (year on year) to ₹42,531 Lacs. EBIDTA rose by 77% to ₹8,508 Lacs.

The company had a return on capital employed of 27%, up from 17% in the previous period. The cash and cash equivalent balance as of September 30, 2024 was ₹22,975 Lacs, compared to ₹12,663 Lacs in the previous corresponding month.

The Company has won a contract to build a 15.4 MW solar power project in Maharashtra with the dual goal of supporting environmental sustainability by raising the share of green energy to around 45% of its current requirement and lowering overall energy consumption costs. The factory is expected to be operating within the following fiscal year.

The company continues to focus on manufacturing various biodegradable and compostable speciality papers with barrier properties that are used as input for sustainable packaging solutions for various food products, pharmaceutical and other products, hospital supplies, hygiene sectors, confectionary, etc., which are experiencing high demand.

At around 12.17 PM, Pudumjee Products was trading 2.34% higher at ₹120.75, against the previous close of ₹117.99 on NSE. The counter touched an intraday high and low of ₹123.36, and ₹116.43, respectively.

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