Kanpur, India – February 5, 2025: Kanpur Plastipack Ltd. has released its unaudited standalone and consolidated financial results for the quarter and period ending December 31, 2024. The financials were approved by the Board of Directors and have undergone a limited review by statutory auditors.
Standalone Financial Performance (₹ in Lakhs)
Particulars
Q3 FY25 (Dec 31, 2024)
Q3 FY24 (Dec 31, 2023)
QoQ Change
YoY Change
Revenue from Operations
16,024.59
12,225.63
+6.1%
+31.1%
Total Income
16,369.22
12,498.76
+6.6%
+31.0%
EBITDA
2,573.16
1,750.67
+47.1%
+47.1%
Profit Before Tax (PBT)
923.61
(817.46)
+306.5%
+213.0%
Net Profit (PAT)
747.33
(674.01)
+417.3%
+211.0%
EPS (Basic)
₹3.47
₹(3.14)
-
-
Revenue grew by 31.1% YoY, indicating strong demand.
PBT turned positive to ₹923.61 lakhs, reversing a loss in the same quarter last year.
Net profit of ₹747.33 lakhs compared to a loss of ₹674.01 lakhs in Q3 FY24.
Earnings per share (EPS) improved to ₹3.47, from a negative ₹3.14 YoY.
Consolidated Financial Performance (₹ in Lakhs)
Particulars
Q3 FY25 (Dec 31, 2024)
Q3 FY24 (Dec 31, 2023)
QoQ Change
YoY Change
Revenue from Operations
16,054.59
12,317.69
+5.8%
+30.3%
Total Income
16,401.33
12,596.04
+6.1%
+30.2%
EBITDA
2,588.39
1,781.94
+45.3%
+45.3%
Profit Before Tax (PBT)
961.92
(817.59)
+307.7%
+217.7%
Net Profit (PAT)
782.10
(675.94)
+415.7%
+215.7%
EPS (Basic)
₹3.63
₹(3.15)
-
-
Consolidated revenue grew 30.3% YoY, reflecting strong performance across business segments.
PAT stood at ₹782.10 lakhs, a turnaround from a loss of ₹675.94 lakhs in Q3 FY24.
Basic EPS improved to ₹3.63 from a negative ₹3.15 YoY.
Converted 10,08,000 warrants into equity shares on 24/12/2024 (awaiting listing approval).
Subsidiary Performance:
Financials include results from Bright Choice Ventures Pvt. Ltd. and Kanplas Earning Solutions Pvt. Ltd..
Debt & Liabilities:
Total liabilities reduced to ₹28,652.62 lakhs from ₹29,931.73 lakhs YoY.
Management Commentary
Manoj Agarwal, Chairman & Managing Director, stated: "We are pleased with our robust revenue growth and profitability turnaround this quarter. Demand for our Raffia division remains strong, and we continue to optimize operational efficiencies. With strategic expansions and product diversification, we are confident of sustaining this growth trajectory."
Strategic Outlook
Market Expansion: Strengthening exports and domestic market penetration.
Capacity Enhancement: Scaling up Raffia production to meet increasing demand.
Cost Optimization: Focus on operational efficiency to improve margins.
Kanpur Plastipack Ltd. remains on track to achieve sustainable revenue growth and profitability improvements in the coming quarters.
