Pudumjee Paper PBT rises 57% during Q2FY23

2 Nov 2022 , 03:23 PM

Pudumjee Paper Products Limited (PPPL), has reported impressive results for the six-month period ended September 30, 2022.

During the six-month period ended September 30, 2022, the Company produced 30786 MT of paper, 31% increase over 23453 MT produced during the same period in the previous year. 

While the Turnover for the six month period increased by about 66 % to Rs39410 lakh (Rs.23720 lakh), EBIDTA for the period increased by 44% to Rs5599 lakh (Rs3883 lakh) due to improved operating efficiency and capacity utilization.

Total Profit Before Tax for the six-month period ended September 30, 2022 showed a rise of 57% and stood at Rs.4809 lakh (Rs3070 lakh).

The company manufactures various specialty papers required as input for packaging material, various food products, pharmaceutical and other products, hospital supplies, hygiene sectors, food, confectionary etc.

The Company’s Paper Division is currently operating at about 86% of its capacity as against 65% for the corresponding period in the previous year. The Company believes that the capacity utilization should gradually improve as the economy returns to near normalcy. The Hygiene Products Division which primarily caters to Institutional business is also actively performing at about 55% of pre-pandemic level.

At around 3:22 PM, Pudumjee Paper was trading at Rs51.70 per share lower by 0.86% on the BSE.

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