TCPL Packaging Q3 FY 2021-22 results

Good result and even better to come next year

327
Kanorial family TCPL Goa
The Kanoria family holding the auspicious test print at the inaugural of the new K&B Rapida multicolor packaging press at TCPL's Goa plant

TCPL Packaging’s third-quarter (October to December) results for FY 2021-22 show an increase in standalone net sales to Rs 269.21 crore. This represents an increase of 13.33% over the Q3 figures of  FY 2020021 which had net sales of Rs 237.63 crore. 

The net profit for Q3 FY 2021-22 is reported at Rs 14.05 core, an increase of 41.22% from Rs 9.95 crore in Q3 of the previous financial year 2020-21. The company’s EBITDA was Rs 43.11 crore in the current Q3 which is an increase of 11.66% from the Rs 38.61 crore EBITDA in Q3 of FY in December 2020. TCPL Packaging’s EPS has increased to Rs 15.44 in Q3 of FY 2021-22 from Rs 10.94 in Q3 of the previous financial year.

TCPL
TCPL numbers for the first three quarters of FY 2021-22

TCPL Packaging which was earlier a monocarton manufacturer has in recent years diversified to flexible packaging and more recently to luxury cartons and a joint venture for paper cups. There have been significant expansions in the past two years and a new joint venture. We expect the full implications of these to become visible in financial year 2022-23. 

The impact, resilience, and growth of responsible packaging in a wide region are daily chronicled by Packaging South Asia.

A multi-channel B2B publication and digital platform such as Packaging South Asia.is always aware of the prospect of new beginnings and renewal. Its 16-year-old print monthly, based in New Delhi, India has demonstrated its commitment to progress and growth. The Indian and Asian packaging industries have shown resilience in the face of ongoing challenges over the past three years.

As we present our publishing plan for 2023, India’s real GDP growth for the financial year ending 31 March 2023 will reach 6.3%. Packaging industry growth has exceeded GDP growth even when allowing for inflation in the past three years.

The capacity for flexible film manufacturing in India increased by 33% over the past three years. With orders in place, we expect another 33% capacity addition from 2023 to 2025. Capacities in monocartons, corrugation, aseptic liquid packaging, and labels have grown similarly. The numbers are positive for most of the economies in the region – our platform increasingly reaches and influences these.

Even given the disruptions of supply chains, raw material prices, and the challenge of responsible and sustainable packaging, packaging in all its creative forms and purposes has significant headroom to grow in India and Asia. Our context and coverage engulf the entire packaging supply chain – from concept to shelf and further – to waste collection and recycling. We target brand owners, product managers, raw material suppliers, packaging designers and converters, and recyclers.

In an admittedly fragmented and textured terrain, this is the right time to plan your participation and marketing support communication – in our impactful and highly targeted business platform. Tell us what you need. Speak and write to our editorial and advertising teams! For advertisement ads1@ippgroup.in , for editorial info@ippgroup.in and for subscriptions subscription@ippgroup.in

– Naresh Khanna

Subscribe Now
Previous articleInPrint and inkjet in Munich
Next articlePaper wrapper from KHS for beverage cans
Editor of Indian Printer and Publisher since 1979 and Packaging South Asia since 2007. Trained as an offset printer and IBM 360 computer programmer. Active in the movement to implement Indian scripts for computer-aided typesetting. Worked as a consultant and trainer to the Indian print and newspaper industry. Visiting faculty of IDC at IIT Powai in the 1990s. Also founder of IPP Services, Training and Research and has worked as its principal industry researcher since 1999. Author of book: Miracle of Indian Democracy.

LEAVE A REPLY

Please enter your comment!
Please enter your name here