Rajshree Polypack Soft results, albeit well poised for FY21 Rajshree Polypack (RPPL) reported revenues at Rs 579m - down 13.8% HoH mainly due to machinery breakdown during Q3FY19. Rigid sheet sales were down 17.2% to 1,083 MT and thermoformed packaging products were down 6.4% to 1,819 MT. EBITDA margins contracted 180bps to 14.0% due to lower fixed cost absorption on account of plant shutdown and higher employee cost due to hiring of new people at HO level in the sales and marketing division as well as addition of contract laborers to the company's payroll. Hence EBITDA fell by 23.5% to Rs...

Rajshree Polypack Soft results, albeit well poised for FY21 Rajshree Polypack (RPPL) reported revenues at Rs 579m - down 13.8% HoH mainly due to machinery breakdown during Q3FY19. Rigid sheet sales were down 17.2% to 1,083 MT and thermoformed packaging products were down 6.4% to 1,819 MT. EBITDA margins contracted 180bps to 14.0% due to lower fixed cost absorption on account of plant shutdown and higher employee cost due to hiring of new people at HO level in the sales and marketing division as well as addition of contract laborers to the company's payroll. Hence EBITDA fell by 23.5% to Rs...

Backed by strong volumes, Rajshree Polypack Ltd's (RPPL) topline increased 22.7% YoY to Rs671.2mn in 1HFY19. Volumes of plastic rigid sheets and thermoformed packaging products increased 7.2% YoY and 22.2% YoY to 1,309 MT and 1,965 MT respectively. Gross margin for 1HFY19 stood at 40.1% (44.4% in FY18) on account of rising crude prices (RM cost inflation is passed with a lag of one quarter). On account of rising cost pressure, EBITDA margins compressed 320bps YoY to 16.4%...