Essel Propack Q1 net up 45.66% at Rs 38.41 crore

Packaging firm Essel Propack today reported a 45.66 per cent rise in consolidated net profit at Rs 38.41 crore for the quarter ended June 30, 2015.

The company had posted a consolidated net profit of Rs 26.37 crore during the same quarter last fiscal, the company said in a statement.

Total income from operations during the quarter under review stood at Rs 574.62 crore as against Rs 548.69 in the corresponding quarter in the year ago period.

"It has been a good start for us this financial year with robust growth in operating margin and net profit. All the regions have turned out good performance compared to previous year. Our non-India business (approximately 60 per cent of total business) has posted a healthy 12 per cent topline growth," Essel Propack Vice Chairman and Managing Director Ashok Goel said in a statement.

He further said the tubes sales in India have been flat in line with muted growth in FMCG industry.