EPL Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 07, 2024 at 03:57 pm IST
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EPL Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 9,751 million compared to INR 9,449 million a year ago. Revenue was INR 9,988 million compared to INR 9,492 million a year ago. Net income was INR 861 million compared to INR 628 million a year ago. Basic earnings per share from continuing operations was INR 2.71 compared to INR 1.98 a year ago. Diluted earnings per share from continuing operations was INR 2.7 compared to INR 1.98 a year ago.
For the nine months, sales was INR 28,869 million compared to INR 27,248 million a year ago. Revenue was INR 29,302 million compared to INR 27,401 million a year ago. Net income was INR 1,909 million compared to INR 1,424 million a year ago. Basic earnings per share from continuing operations was INR 6 compared to INR 4.49 a year ago. Diluted earnings per share from continuing operations was INR 5.98 compared to INR 4.49 a year ago.
EPL Limited is an India-based packaging company. The Company is engaged in the manufacturing of plastic packaging material in the form of multilayer collapsible tubes and laminates used primarily for packaging consumer products in the beauty and cosmetics, health and pharmaceuticals, food, home and oral care categories. Its geographical segments include the Americas (with operations in the United States, Mexico, and Colombia); Europe (with operations in Germany and Poland); AMESA - Africa, Middle East and South Asia (with operations in Egypt and India); and EAP - East Asia Pacific (with operations in China and the Philippines). The Companyâs product segments include laminates, laminated tubes, extruded tubes, caps and closures, and dispensing systems. The Company produces specialty laminates in its facilities in China and India. The Company also produces tamper-evident closures for the protection of products.