Q1 2025 TCPL Packaging Ltd Earnings Call Transcript
Key Points
- TCPL Packaging Ltd (BOM:523301) reported a 9% increase in consolidated revenues, reaching INR406 crores in Q1 FY25.
- EBITDA grew by 16% year-on-year to INR71 crore, with margins improving by 108 basis points to 17.6%.
- PBT and PAT for the quarter grew by 29% and 34%, respectively, reflecting robust profitability.
- Significant progress on a greenfield facility in Southern India, expected to be commissioned by Q3 FY25, enhancing logistical strength and service capabilities.
- Approval from NCLT Mumbai for the merger of TCPL Innofilms Private Limited with TCPL Packaging Ltd, leading to better cost efficiency and synergy.
- Soft domestic demand environment despite the overall positive performance.
- Raw material prices are increasing again, which could impact future margins.
- The flexible packaging segment is currently underutilized, with a utilization level of 50%-60%.
- The new Chennai facility will initially have a negative impact on margins due to overhead costs and underutilization.
- The flexible packaging business, including Innofilms, is still in the early stages of scaling up, impacting overall profitability.
Ladies and gentlemen, good day, and welcome to TCPL Packaging Limited's earnings conference call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Ms. Jenny Rose from CDR India. Thank you, and over to you, ma'am.
Good afternoon, everyone, and thank you for joining us on TCPL Packaging's Q1 FY25 earnings conference call. We have with us today, Mr. Akshay Kanoria and Mr. Vidur Kanoria, Executive Directors; and Mr. Vivek Dave, GM Finance of the company.
We would like to begin the call with brief opening remarks from the management, following which we will have the forum open for the interactive question-and-answer session.
Before we start, I would like to point out that some statements made in today call may be forward-looking in nature, and a disclaimer to this effect has been included in the results presentation shared with you earlier.
I would now like to invite Mr. Akshay Kanoria, to make his opening remarks. Over to you, Akshay
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
