Nine-month PBT of Pudumjee Paper Products up by 53 per cent

The stock of Pudumjee Paper Products Limited (PPPL) was trading in green after the company reported impressive results for the nine-month period ended December 31, 2019.

During the nine-month period ending December 31, 2019, the company produced 53,276 MT of paper, increasing by 11 per cent over 47,822 MT produced during the same period in the previous year. While the turnover for the nine-month period increased by about eight per cent to Rs 47,121 lakh, the EBIDTA for the period increased by 39 per cent to Rs 4,804 lakh from Rs 3,466 lakh owing to an improved operating efficiency and lower cost.

The total Profit before Tax (PBT) for the nine-month period showed a rise of 53 per cent and stood at Rs 3,525 lakh, whereas, the company's net profit for the period increased by 50 per cent and stood at Rs 2,331 lakh.

The company is working to replace single-use plastic in various applications including food and hygiene products packaging. In addition, it is developing value-added papers in collaboration with reputed companies in the field of food, hygiene and medical packaging. It has successfully completed the erection of equipment for downstream value-added products which is expected to supplement efforts of the company for improving performance as well as strengthening its business segment of flexible packaging paper.

Pudumjee Paper Products Limited is a paper manufacturing company offering a range of products for various applications, such as opaque laminating base used for laminating, printing, packaging, chocolate and toffee-wrapping, glassine for packing of food products and soaps, base paper for melamine crockery as well as the paper for decorative laminates for furniture, among others.

At 12.30 pm on Wednesday, the stock is trading at Rs 16.30, up by 3.82 per cent or Rs 0.60 per share. The 52-week high is recorded at Rs 21.60 and the 52-week low is Rs 10.40 on BSE.