Penny Stock Under Rs 100: Company Becomes Official Supplier to India’s Second-Largest Conglomerate
Technopack Polymers Limited has officially announced its partnership with the Adani Group, India’s second-largest conglomerate.
Technopack Polymers Limited has officially announced its partnership with the Adani Group, India’s second-largest conglomerate renowned for its extensive operations across sectors such as energy, resources, logistics, and agribusiness. This strategic collaboration is a milestone in Technopack’s growth journey, marking the company’s emergence as a prominent supplier of custom-designed polymer products that meet Adani's stringent quality and performance standards. This partnership has already started yielding positive impacts on Technopack’s sales, profitability, and growth trajectory.
Q2 Financial Performance
Technopack Polymers' revenue from operations for Q2 FY25 increased by 29 per cent year-over-year (YoY) to Rs 9.28 crore, up from Rs 7.19 crore in Q2 FY24. The company’s earnings before interest, tax, depreciation, and amortization (EBITDA) rose by 22.9 per cent to Rs 2.25 crore, compared to Rs 1.83 crore in the same quarter last year. However, the EBITDA margin experienced a slight contraction, decreasing by 120 basis points to 24.25 per cent from 25.45 per cent in Q2 FY24.
Net profit for the quarter came in at Rs 0.85 crore, reflecting a decline of 15 per cent from Rs 1 crore in Q2 FY24.
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About the Company
Incorporated in 2018, Technopack Polymers Ltd is a leading manufacturer of CCM caps, closures, PET preforms, and an array of plastic packaging solutions. The company is one of India’s largest resin importers and supplies both plastic and paper products for FMCG packaging needs. Since its inception the company has focused on delivering innovative, high-quality polymer solutions for diverse industries.
Disclaimer: This article is for informational purposes only and not investment advice.