Pudumjee Paper Products reports impressive results

PBT up by 53%

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Pudumjee reported impressive results for nine month period ending on 31 December 2019
Pudumjee reported impressive results for nine month period ending on 31 December 2019

Pudumjee Paper Products Limited (PPPL) has reported impressive results for the nine month period that ended on 31 December, 2019. During the nine months period, the company produced 53276 MT of paper, an 11% increase over 47822 MT produced during the same period in the previous year. While the turnover for the nine month period increased by about 8% to Rs 47121 lakhs (Rs 43787 lakhs), EBIDTA for the period increased by 39% to Rs 4804 lakhs (Rs 3466 lakhs) due to improved operating efficiency and lower cost.

Total profit before tax for the nine months, showed a rise of 53% and stood at Rs 3525 lakhs (Rs.2299 lakhs). The net profit after tax for the period increased by 50% and stood at Rs 2331 lakhs (Rs 1546 lakhs).

The company is working to replace single use plastic in various applications including food and hygiene products packaging. The company is developing value added papers in collaboration with reputed companies in the field of food, hygiene and medical packaging.

It has successfully completed building of equipment for downstream value added products which is expected to supplement efforts of the company for improving performance as well as strengthening business segment of flexible packaging papers.

In 2024, we are looking at full recovery and growth-led investment in Indian printing

Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. It created the category of privately owned B2B print magazines in the country. And by its diversification in packaging, (Packaging South Asia), food processing and packaging (IndiFoodBev) and health and medical supply chain and packaging (HealthTekPak), and its community activities in training, research, and conferences (Ipp Services, Training and Research) the organization continues to create platforms that demonstrate the need for quality information, data, technology insights and events.

India is a large and tough terrain and while its book publishing and commercial printing industry have recovered and are increasingly embracing digital print, the Indian newspaper industry continues to recover its credibility and circulation. The signage industry is also recovering and new technologies and audiences such as digital 3D additive printing, digital textiles, and industrial printing are coming onto our pages. Diversification is a fact of life for our readers and like them, we will also have to adapt with agility to keep up with their business and technical information needs.

India is one of the fastest growing economies in nominal and real terms – in a region poised for the highest change in year to year expenditure in printing equipment and consumables. Our 2024 media kit is ready, and it is the right time to take stock – to emphasize your visibility and relevance to your customers and turn potential markets into conversations.

– Naresh Khanna

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