Essel Propack Q4 net profit rises 19% to 46 cr

Image
Press Trust of India New Delhi
Last Updated : May 23 2017 | 8:58 PM IST
Packaging firm Essel Propack today reported a 19.03 per cent increase in consolidated net profit to Rs 46.09 crore for the fourth quarter ended March 31.
The company had reported a net profit of Rs 38.72 crore during the same period previous fiscal, Essel Propack said in a BSE filing.
Total income stood at Rs 640.01 crore during the quarter under review, as against Rs 580.73 crore in the year ago period.
"FY17 was a year involving a number of internal as well as external happenings such as demonetisation in India, floating and devaluation of currency in Egypt," Essel Propack Vice Chairman and Managing Director Ashok Goel said.
For the entire fiscal, the company reported a net profit at Rs 195.60 crore compared to Rs 173.12 crore in the 2015-16 fiscal.
Essel Propack is a part of the USD 4.2 billion Essel Group and is the largest specialty packaging global company.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 23 2017 | 8:58 PM IST

Next Story