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.

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

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– Naresh Khanna

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