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Essel Propack Q1 net up 45.66% at Rs 38.41 crore

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Press Trust of India Mumbai
Last Updated : Jul 30 2015 | 9:19 PM IST
Packaging firm Essel Propack today reported a 45.66 per cent rise in consolidated net profit at Rs 38.41 crore for the quarter ended June 30, 2015.

The company had posted a consolidated net profit of Rs 26.37 crore during the same quarter last fiscal, the company said in a statement.

Total income from operations during the quarter under review stood at Rs 574.62 crore as against Rs 548.69 in the corresponding quarter in the year ago period.

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"It has been a good start for us this financial year with robust growth in operating margin and net profit. All the regions have turned out good performance compared to previous year. Our non-India business (approximately 60 per cent of total business) has posted a healthy 12 per cent topline growth," Essel Propack Vice Chairman and Managing Director Ashok Goel said in a statement.

He further said the tubes sales in India have been flat in line with muted growth in FMCG industry.

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First Published: Jul 30 2015 | 7:42 PM IST

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