Conference Call with TCPL Packaging Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Containers & Packaging company TCPL Packaging announced Q1FY25 results: Total Revenue stood at Rs 405.6 crore, up 9.2% EBITDA stood at Rs 71.4 crore, with margins at 17.6% PAT stood at Rs 31.7 crore, up 34.4% EPS came in at Rs 34.86 Commenting on the performance for Q1FY25 Saket Kanoria, Managing Director, TCPL Packaging said: “We are pleased to report that we have commenced the fiscal year 2025 on an encouraging note despite a soft domestic demand environment. On a YoY basis, our consolidated revenues grew by 9.2% to Rs 405.6 crore in Q1. Furthermore, our EBITDA and PAT showcased strong growth of 16.4% and 34.4% respectively, with EBITDA margins improving by 108 bps to 17.6% on a YoY basis supported by a better product mix, operating leverage, and proactive cost management. Additionally, we are making significant progress on our planned initiative to establish a Greenfield Facility in Southern India. This state-of-the-art facility, set to be commissioned by Q3FY25, is well-located near Chennai and will fortify our pan-India presence. Its proximity to major industrial hubs will enhance our logistical strengths and service capabilities. Our focus on growth through diversification, along with the strategic expansion of our manufacturing presence across India over the years, has enabled us to consistently outperform our underlying industries. With the Indian organized packaging industry still in its nascent stage, we are well-positioned to capitalize on significant growth opportunities driven by increasing consumer demand and evolving packaging needs. In addition, our strong performance in the export markets has further solidified our position as a key player in the global arena. Overall, we remain committed to sustainably growing the Company in the future, which will help create value for all our stakeholders.” Result PDF
Conference Call with TCPL Packaging Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
Containers & Packaging company TCPL Packaging announced FY24 results: Total Revenue stood at Rs 1,541 crore, up 5% EBITDA stood at Rs 251 crore, with margins at 16.3% Cash PAT stood at Rs 206 crore EPS came in at Rs 111.4 Commenting on the performance for Q4 & FY2024 Saket Kanoria, Managing Director, TCPL Packaging Limited said: "TCPL has delivered a steady performance despite the challenging market conditions witnessed during the year. Our consolidated total revenues for FY24 grew by 5% to Rs 1,541 crore, supported by initiatives in exports and contributions from the flexible segment. Sales growth combined with effective cost management resulted in an EBITDA of Rs 251 crore, ensuring healthy margins of 16.3% which has grown from 16.0% in PY. Despite low growth within the domestic markets, our strategic focus on diversification and expanding our export footprint has enabled us to sustain growth. The high base effect from the previous year and weaker demand in certain end-user industries impacted our growth trajectory in FY24. Nevertheless, we remain optimistic about the market dynamics and anticipate a recovery in domestic demand in the coming financial year. In line with our commitment to returning value to our shareholders, we are pleased to announce that our Board of Directors has recommended a dividend of Rs 22 per share. This marks the 24th consecutive year of uninterrupted dividend payouts, highlighting our consistent dividend policy. As we move forward, our expanded production capacities and strategic initiatives position us well to capture emerging opportunities within the packaging industry. With a proven track record of growth, we are confident in our ability to continue delivering sustainable value to all our stakeholders. Leveraging our extensive expertise and institutional strengths, we are committed to sustaining our impressive 30-year revenue CAGR of ~17%." Result PDF