Pudumjee Paper’s 2019-2020 profit increases by 62.5%

Sales rose 2.5%

0
46
Pudumjee
The company is based in Pune

Pune-based Pudumjee Paper Products Limited (PPPL) has reported a profit after tax of INR 27.21 crore in the 2019-2020 financial year, up by 62.5% year on year.

Sales rose 2.54% to INR 604.48 crore in the year as against INR 589.52 crore during the previous year ended March 2019. During the year, the company produced 68,548 MT of paper, an 8% increase over 63,607 MT produced during the same period in the previous year. 

The company’s EBIDTA for the period increased by 49% to INR 60.92 crore due to improved operating efficiency and lower cost.

PPPL resumed production at its Pune plant on 12 May and is currently operating at about 50% of capacity and believes that the capacity utilization may gradually improve as the economy returns to normalcy, post lockdown.

As you join us today from India and elsewhere, we have a favour to ask. Through these times of ambiguity and challenge, the packaging industry in India and in most parts of the world has been fortunate. We are now read in more than 90 countries as our coverage widens and increases in impact. Our traffic as per analytics more than doubled in 2020 and many readers chose to support us financially even when advertising fell to pieces.

As we come out of the pandemic in the next few months, we hope to again expand our geography and evolve our high-impact reporting and authoritative and technical information, with some of the best correspondents in the industry. If there were ever a time to support us, it is now. You can power Packaging South Asia’s balanced industry journalism and help to sustain us by subscribing.

Subscribe Now

LEAVE A REPLY

Please enter your comment!
Please enter your name here