Polyplex Corporation primarily deals with the manufacturing of Blown PP/PE, BOPP, and CPP films which are used in the flexible packaging industry. These also have industrial usages like labels, tapes, release liners, etc. The company has 33 years of experience in the Plastic Films industry.
Financial Results:
In the third quarter of FY23, the company reported a 6.41 percent YoY increase in net sales or revenue from operations which stood at INR 1863.34 crore. This is in comparison to INR 1751.01 crore reported in the third quarter of FY22. In the quarter ended December 2022, as against INR 1475.08 crore in the year-ago quarter, the company’s net expenses resulted in INR 1844.9 crore.
In the third quarter of GY23, the company’s consolidated net profit suffered a decline of 77.96 percent YoY to stand at INR 38.67 crore as compared to INR 175.46 crore in the year-ago quarter.
The company’s earnings per share in the third quarter of FY23 stood at INR 12.32 as compared to INR 55.89 in the third quarter of FY22.