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.

2023 promises an interesting ride for print in India

Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. While the print and packaging industries have been resilient in the past 33 months since the pandemic lockdown of 25 March 2020, the commercial printing and newspaper industries have yet to recover their pre-Covid trajectory.

The fragmented commercial printing industry faces substantial challenges as does the newspaper industry. While digital short-run printing and the signage industry seem to be recovering a bit faster, ultimately their growth will also be moderated by the progress of the overall economy. On the other hand book printing exports are doing well but they too face several supply-chain and logistics challenges.

The price of publication papers including newsprint has been high in the past year while availability is diminished by several mills shutting down their publication paper and newsprint machines in the past four years. Indian paper mills are also exporting many types of paper and have raised prices for Indian printers. To some extent, this has helped in the recovery of the digital printing industry with its on-demand short-run and low-wastage paradigm.

Ultimately digital print and other digital channels 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. For instance, there is no alternative to a rise in textbook consumption but this segment will only reach normality in the next financial year beginning on 1 April 2023.

Thus while the new normal is a moving target and many commercial printers look to diversification, we believe that our target audiences may shift and change. Like them, we will also have to adapt with agility to keep up with their business and technical information needs.

Our 2023 media kit is ready, and it is the right time to take stock and reconnect with your potential markets and customers. Print is the glue for the growth of liberal education, new industry, and an emerging economy. We seek your participation in what promises to be an interesting ride.

– Naresh Khanna

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