Consolidated EBIDTA stood at Rs 114.1 crore
Essel Propack has announced its financial results for the quarter ended September 30, 2015. The company has divested flexible packaging business during the quarter and gain on divestment shown in exceptional item was at Rs 12.6 crore. On a comparable basis, the company’s consolidated quarterly (July 2015 – September 2015) net profit from continuing business was up 24.3 per cent at Rs 46.7crore as against Rs 37.5 crore in the corresponding quarter of last year.
On a comparable basis, the consolidated revenue from global operations during the quarter was at Rs 535.3 crore, up at 1.1 per cent as against Rs 529.6 crore in Q2FY15. Consolidated EBIDTA stood at Rs 114.1 crore. On a comparable basis, the company’s consolidated half yearly net profit from continuing business was up at 32.5 per cent at Rs 84.9 crore as against Rs 64 crore in the corresponding H1FY15. On a comparable basis, the consolidated revenue from global operation during the half year was at Rs 1059.9 crore, up 4.1 per cent as against Rs 1018.2 crore in H1FY15.
Ashok Goel, Vice Chairman and Managing Director, Essel Propack, “During the quarter flexible packaging business was divested, in line with our strategic decision to intensify focus on non-oral care opportunities in our tubing business globally including in India. With improved financial health and strong customer engagement, we continue on track with our 20:20:20 mission.”