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TCPL Packaging Limited — Earnings Release 2022
Aug 10, 2022
62327_rns_2022-08-10_49b32e8e-5dad-42b7-9a6e-de322982fdfd.pdf
Earnings Release
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10.08.2022
The Bombay Stock Exchange Ltd Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001 Security Code:-523301
The National Stock Exchange of India Ltd Exchange Plaza, Plot No. C/1, G Block Bandra Kurla Complex, Bandra East, Mumbai 400 051 Trading Symbol:- TCPLPACK
Dear Sir(s),
Re:- Press Release
We wish to inform you that Board of Directors of the company in their Meeting held on 10.08.2022, inter-alia considered and approved the Un-audited Financial Results of the Company (Standalone and Consolidated) for the first quarter ended 30.06.2022.
Attached is press release on financial results of the Company for the first quarter ended 30.06.2022. We request you to take the above on your records in the interest of general public at large.
Thanking You
For TCPL Packaging Limited
SOHAN Digitally signed by SOHAN GAMANLAL GAMANLAL NANAVATI Date: 2022.08.10 16:15:08 NANAVATI +05'30' Compliance Officer
Encl. As above
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CIN: L22210MH1987PLC044505
Corporate office: Empire Mills Complex, 414, Senapati Bapat Marg, Lower Parel, Mumbai, Maharashtra 400013 India
PRESS RELEASE
TCPL announces Q1 FY2023 Financial Results
Q1 FY23 (Standalone)
Total Revenues stood at Rs. 335.5 crore, up 48.4% EBITDA stood at Rs. 53.6 crore, with margins at 16.0% Cash Profit improves by 105.6% to Rs. 46.9 crore
Mumbai, August 10, 2022 : TCPL Packaging Limited (TCPL), one of India’s leading producers of sustainable packaging solutions for customers across industries, has announced its financial results for the first quarter ended June 30, 2022.
Financial Performance Highlights:
| Particulars (Rs. crore) | Consolidated | Consolidated | Consolidated | Standalone | Standalone | Standalone |
|---|---|---|---|---|---|---|
| Q1FY23 | Q1FY22 | YoY % | Q1FY23 | Q1FY22 | YoY % | |
| Total Revenues | 342.5 | 226.1 | 51.5% | 335.5 | 226.1 | 48.4% |
| EBITDA | 54.4 | 30.3 | 79.5% | 53.6 | 30.4 | 76.3% |
| EBITDA Margin(%) | 15.9% | 13.4% | _248 bps _ | 16.0% | 13.4% | _253 bps _ |
| Profit Before Tax | 31.8 | 9.4 | 238.2% | 31.9 | 9.5 | 236.8% |
| Profit After Tax | 22.5 | 5.9 | 279.0% | 22.6 | 6.0 | 276.5% |
| Cash Profit | 47.3 | 22.7 | 108.1% | 46.9 | 22.8 | 105.6% |
| EPS | 24.73 | 6.54 | 278.1% | 24.81 | 6.61 | 275.3% |
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Commenting on the performance for Q1 FY2023 Mr. Saket Kanoria, Managing Director, TCPL Packaging Limited said: “We are pleased to report that we have commenced the fiscal year 2023 on a strong note despite a challenging macro environment. On a Y-o-Y basis, our standalone revenues grew by 48.4% to Rs. 335.5 crore and Cash Profits improved by 105.6% to Rs. 46.9 crore in Q1. While we continue to witness volatility in raw material prices, we were able to mitigate the impact & improve our margins.
In a key development, TCPL Innofilms Private Limited, the Company's wholly owned subsidiary, commenced the commercial production of its Polyethylene (PE) blown film line. With India's ban on single-use plastics, we are clearly moving towards eco-friendly policies to accelerate the green transition. We believe TCPL is fully equipped and will proactively drive the development of this sustainable flexible packaging solution. Overall, TCPL is well positioned to cater to the growing demand for sustainable packaging solutions from leading brands and continues to support efforts towards facilitating a waste-free world.
Our focused strategy of growth through diversification has enabled us to consistently outperform our underlying industries. We are one of the few listed Companies in India to have grown almost every year for the past 30 years with a revenue and PAT CAGR of ~20% and ~27% respectively. We remain committed to sustainably growing the Company in the future, which will help create value for all our stakeholders.”
Key Developments
TCPL Innofilms Private Limited, a wholly owned subsidiary of the Company, has commenced commercial production of its Polyethylene (PE) blown film plant
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This plant, located at Silvassa, is one of the world's first few state-of-the-art innovative PE blown film lines
- Products based on eco-friendly Machine-Direction Orientation (MDO) technology are anticipated to see substantial growth in demand due to rising customer requirements for sustainable and recyclable solutions
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ENDS –
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About TCPL Packaging Limited
TCPL Packaging Limited (TCPL) (BSE: 523301, NSE: TCPLPACK), is one of India’s leading producers of sustainable packaging solutions for customers across industries. The Company partners with customers to provide paperboard-based packaging solutions including folding cartons, printed blanks and outers, litho-lamination, plastic cartons, blister packs, and shelf-ready packaging. TCPL has also ventured into the flexible packaging industry, with capability to produce printed cork-tipping paper, laminates, sleeves, and wrap-around labels.
Headquartered in Mumbai, India, TCPL has a PAN India presence with 8 state-of-the-art manufacturing facilities and marketing offices in key metro cities. Over the years, the Company has effectively diversified and broadened its operations to service a wide range of packaging products, while consistently adding new customers and increasing its share of business in established customers and markets.
For further information on the Company, please visit www.tcpl.in or contact:
Vivek Dave Anoop Poojari / Jenny Rose Kunnappally TCPL Packaging Limited CDR, India Tel: +91 70454 57686 Tel: +91 98330 90434 / +91 86899 72124 Email: [email protected] / [email protected] Email: [email protected] [email protected]
DISCLAIMER:
Certain statements and opinions with respect to the anticipated future performance of TCPL Packaging Limited (TCPL) in the press release may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like significant changes in economic environment in India and overseas, tax laws, import duties, litigation, labour relations etc. Actual results might differ substantially from those expressed or implied. TCPL will not be in any way responsible for any action taken based on such statements and discussions; and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.
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