Shares of TCPL Packaging saw a surge of over 3% following the release of its Q4 earnings.
The company reported a 19.8% increase in net profit, rising to Rs 29 crore from Rs 24.2 crore year-on-year (YoY). Revenue also showed growth, increasing by 2% to Rs 400.5 crore from Rs 392.6 crore YoY.
Ebitda for the quarter rose by 10.4% to Rs 70.3 crore from Rs 63.7 crore YoY, with a margin improvement to 17.6% from 16.2% YoY. The company’s board has recommended a dividend of Rs 22 per share.
Additionally, KK Kanoria has been re-appointed as Executive Chairman, effective from October 1, 2024.
As of 10:35 am, the shares were trading 3.73% higher at ₹2,149.20 on the NSE.
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TCPL Packaging