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.