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Plastiblends India Ltd Q1FY24; 23% fall in Profits

Incorporated in 1991, Plastiblends India Ltd is a part of the Kolsite group of companies. It manufactures white, black and coloured masterbatches and compounds used primarily as colouring agents in plastics.

Financial Results:

Plastiblends India Ltd reported Revenues for Q1FY24 of ₹195.67 Crores down from ₹204.23 Crore year on year, a fall of 4.19%.

Total Expenses for Q1FY24 of ₹186.52 Crores down from ₹193.12 Crores year on year, a fall of 3.42%.

Consolidated Net Profit of ₹7.65 Crores down 23.35% from ₹9.98 Crores in the same quarter of the previous year.

The Earnings per Share is ₹2.94, down 23.44% from ₹3.84 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Plastics
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