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Polyplex Corporation Ltd Q1FY24; 23% fall in Revenue

Polyplex Corporation is engaged in manufacturing of BOPP, Blown PP/PE and CPP films used in the flexible packaging industry and in industrial usages like release liners, tapes, labels etc. They have 33 Years Of Experience in Plastic Films. They have 6 Manufacturing Facilities In 5 Countries with Multiple Warehouses & Liaison Offices Worldwide.

Financial Results:

Polyplex Corporation Ltd reported Revenues for Q1FY24 of ₹1,561.00 Crores down from ₹2,033.00 Crore year on year, a fall of 23.22%.

Total Expenses for Q1FY24 of ₹1,586.00 Crores down from ₹1,751.00 Crores year on year, a fall of 9.42%.

Consolidated Net Profit of -₹10.00 Crores from ₹311.00 Crores in the same quarter of the previous year.

The Earnings per Share is -₹0.99, from ₹59.58 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: Packaging
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