The shares of this small cap stock, engaged in the manufacture of various packaging materials surged around 15 percent after the company announced a 101 percent increase in net profits in Q3 FY25.
Price Action
With a market capitalization of Rs 3,253.75 crore, TCPL Packaging Ltd surged 15 percent in Friday’s trading session and made an intraday high of Rs 3,723.85 per share compared to its previous closing price of Rs 3,225 per share.
The shares reiterated from the day’s high and were trading at Rs 3,575.55 which is 10.8 percent higher than the previous closing price.
What Happened
The shares of TCPL Packaging Ltd surged after the company reported its Q3FY24-25 results. Its total income from operations increased by 33 percent from Rs 370 crore to Rs 491.7 crore in Q3FY25. On a quarter-on-quarter basis, the income rose by 6 percent from Rs 463.3 crore.
This was accompanied by a 101 percent percent year on year increase in net profits from Rs 18.8 crore to Rs 37.7 crore in Q3FY25. On a quarter-on-quarter basis, the net profits grew by 6 percent from Rs 35.5 crore.
Further, the company’s EPS increased substantially by 100 percent year on year from Rs 20.65 to Rs 41.46. On a quarterly basis, the EPS rose by 6 percent from Rs 39.05.
Company Overview
TCPL Packaging Ltd, promoted by the Kanoria family produces plastic cartons, folding cartons, blister packs, shelf-ready packaging, litho-lamination and printed blanks and outers. Along with this, the company has also entered into the flexible packaging industry, manufacturing laminates, sleeves, wrap-around labels and printed cork-tipping paper.
With its headquarters in Mumbai and a pan-India presence, TCPL has 9 state-of-the-art manufacturing facilities in major metro cities. The company has a wide range of renowned customers including HUL, Patanjali, Godfrey Philips, Radico and Pidilite among others. These clients span across various sectors like FMCG, pharma, agrochemicals, liquor and tobacco.
Written by Shwetha Sairam
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