Results     09-May-19
Analysis
Essel Propack
Amesa geography puts up a dismal show
Related Tables
 Essel Propack: Consolidated Results
  Essel Propack: Consolidated Segmental Results
For the quarter ended Mar 19, consolidated net sales stood at Rs 693.67 crore up by 10% YoY. OPM stood at 19% up by 50 bps thus resulting in the OP growth of 13% to Rs 131.57 crore. Other income stood at Rs 9.27 crore up by 5%. Interest cost and depreciation cost stood at Rs 15.62 crore and Rs 49.63 crore respectively. PBT stood at Rs 75.59 crore up by 10% YoY. There is an EO income of Rs 3.05 crore represents reversal of provision on contingency in Mar 19 quarter as compared to Nil for Mar 18 quarter. After providing total tax of Rs 25.26 crore and loss of share of associates of Rs 1 crore, consolidated PAT for Mar 19 quarter stood at Rs 52.38 crore up by 17% YoY.

For the quarter, sales from the Amesa geography stood at Rs 236.52 crore, up by 2% YoY and accounted for 33% of the total sales. PBIT from the same stood at Rs 29.34 crore down by 23% YoY and accounted for 34% of total PBIT.

For the quarter, sales from the EAP geography stood at Rs 153.92 crore, up by 8% YoY and accounted for 21% of total sales and PBIT from the same stood at Rs 15.87 crore up by 2% YoY with PBIT margin at 10.3%.

For the quarter, sales from the America geography stood at Rs 164.86 crore up by 29% and PBIT from the same stood at Rs 31.09 crore up by 107% YoY. PBIT margin stood at 18.9%

For the quarter, sales from the EU geography stood at Rs 164.11 crore up by 16% YoY and PBIT stood at Rs 10.55 crore up by 104% with PBIT margin at 6.4%.

For the quarter, sales from the EU geography stood at Rs 164.11 crore up by 16% YoY and PBIT stood at Rs 10.55 crore up by 104% with PBIT margin at 6.4%.

For 12 mths ended Mar 19, consolidated net sales were up by 12% to Rs 2706.93 crore. OPM stood at 80 bps to 18.4% thus resulting in a 7% increase in OP to Rs 499.12 crore. Other income stood at Rs 28.51 crore. Interest cost stood at Rs 61.31 crore up by 11% and depreciation stood at Rs 186.11 crore up by 11% thus resulting in a PBT of Rs 280.21 crore up by 4%. There was an EO income of Rs 3.05 crore pertaining to provision written back as compared to EO expense of Rs 4.98 crore pertaining to exchange difference on translation of foreign operations of Egypt subsidiary. Thus PBT after EO stood at Rs 283.26 crore up by 7%. After tax expense of Rs 93.19 crore up by 5%, PAT stood at Rs 190.07 crore up by 8%. There was profit from sale of JV of Rs 2.46 crore as compared to loss of Rs 3.65 crore for FY 18, consolidated PAT stood at Rs 192.53 crore up by 12%.

For the 12 mths ended Mar 19, sales from the Amesa geography stood at Rs 959.63 crore, up by 3% YoY and accounted for 34% of the total sales. PBIT from the same stood at Rs 127.21 crore down by 10% YoY and accounted for 38% of total PBIT.

For the 12 mths ended Mar 19, sales from the EAP geography stood at Rs 667.30 crore, up by 16% YoY and accounted for 24% of total sales and PBIT from the same stood at Rs 104.73 crore up by 16% YoY with PBIT margin at 15.7%.

For the 12 mths ended Mar 19, sales from the America geography stood at Rs 588.88 crore up by 21% and PBIT from the same stood at Rs 81.80 crore up by 34% YoY. PBIT margin stood at 13.9%

For the 12 mths ended Mar 19, sales from the Eu geography stood at Rs 585.17 crore up by 15% and PBIT from the same stood at Rs 17.90 crore up by 49% YoY. PBIT margin stood at 3.1%

Overall updates

Overall the year ended with revenue growth from all regions except AMESA due to India Pharma Regulation Impact and lower off take by key customers. Non oral care continues to be focus area with winning new contracts in Americas, Europe as well as EAP Regions. The company had created capabilities during recent years which has begun yielding results and will continue in following year/s.

Blackstone has committed upto $460M to acquire majority stake in Essel Propack. It will pay a purchase price of Rs 134 per share to acquire 51% shareholding from Ashok Goel Trust.

This transaction will trigger a mandatory open offer for a purchase of additional 26% shares of the company. Open offer price fixed at Rs 139.19 per share

Previous News
  EPL
 ( Results - Analysis 08-Aug-23   23:41 )
  EPL
 ( Analyst Meet / AGM - Conference Call 08-Feb-23   00:40 )
  EPL consolidated net profit declines 73.55% in the March 2024 quarter
 ( Results - Announcements 29-May-24   07:33 )
  EPL consolidated net profit rises 30.41% in the June 2021 quarter
 ( Results - Announcements 29-Jul-21   17:34 )
  EPL
 ( Analyst Meet / AGM - Conference Call 09-Aug-23   06:57 )
  EPL
 ( Results - Analysis 07-Feb-23   22:38 )
  Volumes soar at EPL Ltd counter
 ( Hot Pursuit - 23-Jan-23   11:00 )
  EPL standalone net profit rises 790.91% in the June 2021 quarter
 ( Results - Announcements 29-Jul-21   17:05 )
  EPL to discuss results
 ( Corporate News - 29-Oct-22   10:25 )
  Volumes jump at EPL Ltd counter
 ( Hot Pursuit - 01-Jun-23   14:30 )
  EPL fixes record date for dividend
 ( Market Beat - Reports 08-Jul-21   16:07 )
Other Stories
  Apollo Hospitals Enterprise
  04-Jun-24   10:04
  ITL Industries
  01-Jun-24   02:14
  International Combustion (India)
  31-May-24   11:32
  Fluidomat
  31-May-24   11:28
  ISGEC Heavy Engineering
  31-May-24   11:24
  Sreeleathers
  31-May-24   11:20
  Cummins India
  31-May-24   11:18
  Bata India
  31-May-24   09:55
  Tata Steel
  31-May-24   08:36
  India Nippon Electricals
  31-May-24   07:03
Back Top