25.05.2022 | |
The Bombay Stock Exchange Ltd | The National Stock Exchange of India Ltd |
Phiroze Jeejeebhoy Towers, | Exchange Plaza, Plot No. C/1, G Block |
Dalal Street, | Bandra Kurla Complex, |
Mumbai 400 001 | Bandra East, Mumbai 400 051 |
Security Code:-523301 | Trading Symbol:- TCPLPACK |
Dear Sir(s), |
Re:- Press Release on financial results of the Company for the quarter and
year ended 31.03.2022
We wish to inform you that Board of Directors of the company in their Meeting held on 25.05.2022, inter-alia considered and approved the Audited Financial Results of the Company (Standalone and Consolidated) for the quarter and year ended 31.03.2022.
Attached is press release on Q4 & FY 22 financial results. 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 GAMANLAL NANAVATI
Digitally signed by SOHAN GAMANLAL NANAVATI Date: 2022.05.25 14:55:37 +05'30'
Compliance Officer
Encl. As above
CIN: L22210MH1987PLC044505
Corporate office: Empire Mills Complex, 414, Senapati Bapat Marg, Lower Parel, Mumbai, Maharashtra
400013 India
PRESS RELEASE
TCPL announces Q4 & FY2022 Financial Results
Q4 FY22
Total Revenues stood at Rs. 322.9 crore, up 31.0%
EBITDA stood at Rs. 48.4 crore, with margins at 15.0%
Cash Profit improves by 41.8% to Rs. 39.4 crore
Mumbai, May 25, 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 quarter and full year ended March 31, 2022.
Financial Performance Highlights:
Q4 FY2022 vs. Q4 FY2021 (Y-o-Y)
- Total Revenues increases by 31.0% to Rs. 322.9 crore from Rs. 246.4 crore
- EBITDA improves by 37.4% to Rs. 48.4 crore compared to Rs. 35.3 crore o EBITDA margins stood at 15.0% compared to 14.3%
- PBT increases by 69.9% to Rs. 25.3 crore from Rs. 14.9 crore
- PAT improves by 47.1% to Rs. 18.5 crore from Rs. 12.6 crore
- Cash Profit grew by 41.8% to Rs. 39.4 crore compared to Rs. 27.8 crore
- EPS (Diluted) stood at Rs. 20.35 as against Rs. 13.83, up 47.1%
FY2022 vs. FY2021 (Y-o-Y)
- Total Revenues increases by 19.1% to Rs. 1,076.0 crore from Rs. 903.8 crore
- EBITDA improves by 17.0% to Rs. 156.5 crore compared to Rs. 133.7 crore o EBITDA margins stood at 14.5% compared to 14.8%
- PBT increases by 47.5% to Rs. 70.2 crore from Rs. 47.6 crore
- PAT improves by 46.0% to Rs. 49.3 crore from Rs. 33.7 crore
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- Cash Profit grew by 26.6% to Rs. 125.5 crore compared to Rs. 99.1 crore
- EPS (Diluted) stood at Rs. 54.13 as against Rs. 37.08, up 46.0%
Note: Standalone figures
Commenting on the performance for Q4 & FY2022 Mr. Saket Kanoria, Managing Director,
TCPL Packaging Limited said: "We have concluded the year on a strong note despite a demanding macro environment. On a Y-o-Y basis, we registered a revenue growth of 30.0% in Q4 and 19.1% in FY22. Given the challenging operating condition, TCPL showcased remarkable adaptability and achieved yet another quarter of sustained performance. While we continue to witness raw material inflation, we were able to mitigate the impact & maintain our margins.
On the operational front, we are delighted to share the successful commissioning of our second line in the Flexible Packaging segment at Silvassa. The facility has effectively doubled the segment's capacity and the plant comprises of a Rotogravure Printing Press and other ancillary equipment. In addition, TCPL Innofilms Private Limited, the Company's wholly owned subsidiary, commenced the trial production of its Polyethylene (PE) blown film line.
We are confident that the Company will grow substantially over the next two years by leveraging our expertise and institutional strengths. Given our increased capacity, focus on growth through diversification, and growing demand for sustainable packaging solutions, we believe, we should be able to continue to register healthy growth in the coming years.
We are also pleased to inform that in-line with our consistent dividend policy, the Board of Director's have recommended a dividend of Rs. 10 per share, and this is the 22nd year of continuous dividend payout for TCPL."
Key Developments
Commissions second manufacturing line in the Flexible Packaging segment
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Unit has effectively doubled its capacity in the segment and anticipates to ramp-up utilization levels over the next twelve months
o The plant is situated at Silvassa and comprises of a Rotogravure Printing Press as well as other ancillary equipment
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TCPL Innofilms Private Limited, a wholly owned subsidiary of the Company, has commenced trial production of its Polyethylene (PE) blown film plant
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This facility is one of the world's first state-of-the-art innovative PE blown film lines located at Silvassa
o Given increasing customer preference for sustainable & recyclable offerings, products based on eco-friendlyMachine-Direction Orientation (MDO) technology are expected to gain significant popularity
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This facility is one of the world's first state-of-the-art innovative PE blown film lines located at Silvassa
- 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.inor contact:
Vivek Dave | Anoop Poojari / Jenny Rose |
TCPL Packaging Limited | CDR, India |
Tel: +91 70454 57686 | Tel: +91 98330 90434 / +91 86899 72124 |
Email:vivek.dave@tcpl.in/investors@tcpl.in | Email:anoop@cdr-india.com |
jenny@cdr-india.com |
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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TCPL Packaging Ltd. published this content on 25 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 May 2022 16:12:04 UTC.