Packaging firm Essel Propack on Thursday reported a 45.66 percent rise in consolidated net profit at Rs 38.41 crore for the quarter ended June 30, 2015. The company had posted a consolidated net profit of Rs 26.37 crore during the same quarter last fiscal, the company said in a statement. Total income from operations during the quarter under review stood at Rs 574.62 crore as against Rs 548.69 in the corresponding quarter in the year ago period.
"It has been a good start for us this financial year with robust growth in operating margin and net profit. All the regions have turned out good performance compared to previous year. Our non-India business (approximately 60 percent of total business) has posted a healthy 12 percent topline growth," Essel Propack Vice Chairman and Managing Director Ashok Goel said in a statement.
He further said the tubes sales in India have been flat in line with muted growth in FMCG industry.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
