Kanpur Plastipack Ltd, a leading manufacturer and exporter specializing in FIBC (Flexible Intermediate Bulk Containers), PP Multifilament Yarn, CPP Films, and UV Master Batches, has released its unaudited financial results for the third quarter of the financial year 2024-25. The results reflect a significant period of financial growth and provide valuable insights into the company's performance across its core business segments.

Overview of Unaudited Financial Results for Q3 FY2024-25

The unaudited results for the quarter ending 31st December 2024 show the company's total revenue from operations at ₹16,369.22 lakhs, a notable increase from the previous quarter. This growth can be attributed to strong performance in the Raffia and CPP divisions, which represent the core revenue-generating segments for Kanpur Plastipack.

Segment Performance

The Raffia Division, which includes products like FIBC, MFY (Multi Filament Yarn), and granule trading, reported a substantial revenue increase, reaching ₹12,690.31 lakhs for Q3 FY2024-25. This growth was largely driven by a continued strong demand for FIBC products and successful product diversification. The division also reported a solid profit before tax of ₹988.83 lakhs, compared to the previous quarter’s negative performance of ₹548.08 lakhs, showcasing an impressive turnaround.

On the other hand, the CPP Division (Cast Polypropylene Film) had a more modest performance, with revenue standing at ₹2,747.38 lakhs. Despite the lower growth compared to the Raffia division, the CPP segment remains an essential part of the company's overall operations, contributing to the overall revenue growth.

Profit & Loss Highlights

Kanpur Plastipack posted a total profit before tax (PBT) of ₹923.61 lakhs for Q3 FY2024-25. This figure marks a recovery from the prior quarter, which saw a negative PBT of ₹817.46 lakhs. The growth was driven primarily by improved operational efficiency and better segmental performance, especially in the Raffia division. Despite higher finance costs of ₹464.65 lakhs, the company was able to maintain positive profitability.

The net profit for the period stood at ₹747.33 lakhs, reflecting strong earnings and growth in the third quarter. The significant portion of this profit is attributable to the better performance in the Raffia division, which helped offset the lower performance in the CPP division.

Balance Sheet & Key Metrics

As of 31st December 2024, Kanpur Plastipack’s total assets amounted to ₹48,870.82 lakhs, showing a stable balance sheet with strong asset management. The company's total liabilities were recorded at ₹28,652.62 lakhs, indicating an efficient leveraging strategy.

The company continues to maintain a robust equity base with an equity share capital of ₹2,147.38 lakhs, supporting its growth prospects and expansion plans. The total equity stood at ₹44,292.24 lakhs, demonstrating strong financial health.

Cash Flow & Capital Investment

The company's operations have generated healthy cash flow, supporting its capital investments in production facilities and R&D for new products. The company continues to prioritize growth through organic means and is exploring new markets for its diversified product portfolio.

Segment-Specific Revenue Analysis

The segment-wise revenue and results show that the Raffia division remains the dominant contributor to Kanpur Plastipack’s revenue. This division's sales and operating income totaled ₹12,690.31 lakhs for Q3, which represents the significant part of the overall income. The CPP division generated ₹3,711.02 lakhs in revenue, though its profit before tax was comparatively lower due to higher input costs and market conditions.

Conclusion and Outlook

Looking ahead, Kanpur Plastipack remains optimistic about continuing its growth trajectory, supported by its strong market position in the FIBC and CPP segments. The company’s management has indicated that it will focus on improving operational efficiencies and diversifying its product portfolio to capture more market share. With a stable financial outlook and a strong operational base, Kanpur Plastipack is well-positioned to continue delivering value to its stakeholders in the coming quarters.

The company is also expanding its footprint internationally and investing in sustainable manufacturing practices to meet the growing demand for eco-friendly packaging solutions. The leadership team is confident that these strategic initiatives will contribute significantly to the company’s long-term growth.

In conclusion, Kanpur Plastipack's Q3 FY2024-25 financial results highlight a resilient performance with key improvements in profitability and operational efficiency. With a robust balance sheet, strategic investments, and a focus on innovation, the company is poised to continue its positive momentum in the coming quarters.

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