TCPL Packaging’s third-quarter (October to December) results for FY 2021-22 show an increase in standalone net sales to Rs 269.21 crore. This represents an increase of 13.33% over the Q3 figures of FY 2020021 which had net sales of Rs 237.63 crore.
The net profit for Q3 FY 2021-22 is reported at Rs 14.05 core, an increase of 41.22% from Rs 9.95 crore in Q3 of the previous financial year 2020-21. The company’s EBITDA was Rs 43.11 crore in the current Q3 which is an increase of 11.66% from the Rs 38.61 crore EBITDA in Q3 of FY in December 2020. TCPL Packaging’s EPS has increased to Rs 15.44 in Q3 of FY 2021-22 from Rs 10.94 in Q3 of the previous financial year.
TCPL Packaging which was earlier a monocarton manufacturer has in recent years diversified to flexible packaging and more recently to luxury cartons and a joint venture for paper cups. There have been significant expansions in the past two years and a new joint venture. We expect the full implications of these to become visible in financial year 2022-23.