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Essel Propack Posts 41% Rise in Q3 Profit

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Essel Propack Posts 41% Rise in Q3 Profit
New Delhi: Packaging firm Essel Propack Ltd on Thursday reported a 41.25 per cent increase in consolidated net profit at Rs 42.94 crore for the fiscal third quarter that ended on December 31, 2015.

The company had posted a net profit of Rs 30.40 crore for the corresponding period a year ago, Essel Propack said in a filing to the BSE.

However, Essel Propack's net sales on a consolidated basis declined 9.06 per cent to Rs 505.60 crore during the quarter under review as against Rs 555.99 crore in October-December period of last fiscal year.

Shares in Essel Propack, on Thursday, ended 8.35 per cent higher at Rs 144.10 apiece on the BSE, whose benchmark Sensex index finished down 0.41 per cent.


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