- TCPL packaging’s Share price shot up by 12% after Q3FY22 results.
- The company reported an increase in net sales and net profit.
- It manufactures and supplies sustainable packaging material to various companies in India.
TCPL Packaging Limited is one of India’s largest manufacturers of folding cartons, and India’s largest standalone converter of paperboard. It is amongst India’s leading producers of sustainable packaging solutions. It is a leading supplier to the liquor, tobacco, consumer goods, and food packaging industry in India.
It has announced its Q3FY22 results (for the quarter ended December 31, 2021). Its share price was bullish on Tuesday morning and at 01:04 pm, it was trading at ₹634.40 apiece, up by 12.07% or ₹68.35 from its previous closing price of ₹567.60 per share. The scrip touched a high and low of ₹662 and ₹602 respectively after opening at ₹602.
Its total revenues for the quarter ended December 31, 2021, increased by 12.9% to ₹274.1Cr. Its revenue was ₹242.8cr for the same quarter, a year ago. Its EBITDA margins stood at 15.2% and its Profit Before Tax (PBT) was ₹20.6 cr. Its PBT increased by 28.8% in one year. Its cash profit grew by 20.1% from ₹29 cr to ₹34.8 cr.
