Essel Propack Q1 net up 6.6 pc to Rs 37.62 cr

Packaging firm Essel Propack today reported 6.63 per cent increase in its consolidated net profit for the June quarter at Rs 37.62 crore.
The company had posted a net profit of Rs 35.28 crore in the corresponding period last year, Essel Propack said in a BSE filing.
Net sales on consolidated basis was up 3.52 per cent to Rs 528.03 crore during the quarter under review as against Rs 510.06 crore in April-June period of last fiscal.
Meanwhile, in a separate filing, Essel Propack said the Bombay High Court has approved scheme of amalgamation and arrangement of Whitehills Advisory Services Pvt Ltd with Essel Propack on September 1, 2016.

Shares of Essel Propacks today settled at Rs 224.05 on BSE, up 0.29 per cent from their previous close.