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

Sales rose 2.5%

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.

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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