TCPL Packaging Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 05, 2024 at 06:37 am EST
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TCPL Packaging Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 3,568.92 million compared to INR 3,700.65 million a year ago. Revenue was INR 3,702.9 million compared to INR 3,798.12 million a year ago. Net income was INR 192.36 million compared to INR 244.61 million a year ago. Basic earnings per share from continuing operations was INR 21.37 compared to INR 26.66 a year ago. Diluted earnings per share from continuing operations was INR 21.37 compared to INR 26.66 a year ago.
For the nine months, sales was INR 11,193.91 million compared to INR 10,588.23 million a year ago. Revenue was INR 11,509.11 million compared to INR 10,899.5 million a year ago. Net income was INR 723.39 million compared to INR 867.61 million a year ago. Basic earnings per share from continuing operations was INR 79.49 compared to INR 94.82 a year ago. Diluted earnings per share from continuing operations was INR 79.49 compared to INR 94.82 a year ago.
TCPL Packaging Limited is an India-based packaging company. The Company is a manufacturer of printed packaging materials, such as cartons, boxes, shells, hinge lid blanks and is also a manufacturer of flexible packaging materials. It manufactures folding cartons, printed blanks and outers, litho-lamination, plastic cartons, blister packs and shelf-ready packaging. It produces printed cork-tipping paper, laminates, sleeves and wrap-around labels. The Company offers blanks and outers to the global tobacco companies. It caters to Indian and global liquor companies for their packaging requirements that include folding cartons and fluted cartons. It is a provider of packaging for customers in the food and beverage industry in India and around the world. The Company also serves pharmaceutical, fast-moving consumer goods (FMCG), agrochemicals and electrical industries. The Company's factories are located at Silvassa, Haridwar, Goa, and Guwahati. It is also a converter of paperboard.