Pudumjee Paper Products Limited has reported a 28% year-on-year (YoY) increase in profit before tax for the nine months ending December 31, 2024, reaching ₹104.06 crore. The growth was primarily driven by higher sales volumes and improved operational efficiency.
Key Financial Highlights (Nine Months Ending December 31, 2024):
- Profit Before Tax (PBT): ₹104.06 crore, up 28% YoY.
- Revenue: ₹619 crore, reflecting a 7% YoY growth, attributed to an increase in sales of about 4,000 metric tons.
- EBITDA Margin: Improved to 19% from 16% in the corresponding period last year.
- Income from surplus fund deployment: ₹7.52 crore, contributing to the overall profit improvement.
- Cash and cash equivalents: ₹232.48 crore, up from ₹152.92 crore YoY.
Key Developments and Projects:
- Solar Power Project: The company is setting up a 15.4 MW solar power plant in Maharashtra, expected to be operational by mid-next financial year. This will increase the share of green energy to 45% of the company’s current energy needs and reduce overall energy costs.
- Expansion in Specialty Paper: Pudumjee received approval from the Maharashtra Pollution Control Board to set up a new specialty paper manufacturing facility with an annual capacity of 68,000 metric tons in Mahad. The project is expected to be completed within five years.
Focus on Sustainable Products:
The company continues to emphasize the production of biodegradable and compostable specialty papers used for sustainable packaging in food products, pharmaceuticals, hygiene, and confectionery sectors. The management highlighted the growing demand in these sectors as a key driver of future growth.
Pudumjee’s strong financial performance, coupled with its investment in green energy and expansion projects, reflects its long-term commitment to sustainability and profitability.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research or consult a financial advisor before making investment decisions.
