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Essel Propack reports 17% rise in Q4 consolidated net profit

Essel Propack has reported results for the fourth quarter and year ended March 31, 2019.

The company has reported a fall of 38.42% in its net profit at Rs 14.89 crore for the quarter ended March 31, 2019 as compared to Rs 24.18 crore for the same quarter in the previous year. Total income of the company decreased marginally by 2.51% at Rs 211.56 crore for quarter under review as compared to Rs 217.00 crore for the quarter ended March 31, 2018.

On consolidated basis, the company has reported rise of 17.31% in its net profit at Rs 53.26 crore for the quarter ended March 31, 2019 as compared to Rs 45.47 crore for the corresponding quarter in the FY18. Total consolidated income of the company rose 10.31% at Rs 702.94 crore for quarter under review as compared to Rs 637.26 crore for the same quarter ended previous year.

For the year ended March 31, 2019, the company has posted a fall of 21.11% in its net profit at Rs 64.04 crore as compared to Rs 81.18 crore for the previous year. Total income of company decreased marginally by 1.21% at Rs 863.71 crore for year under review as compared to Rs 874.29 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has posted rise of 12.16% in its net profit at Rs 195.39 crore as compared to Rs 174.21 crore for the previous year. Total income of company increased by 10.62% at Rs 2,735.44 crore for year under review as compared to Rs 2,472.79 crore for year ended March 31, 2018.

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