HUHTAMAKI PPL
Huhtamaki PPL, which was earlier known as Paper Products was locked on the 20% upper circuit at Rs.277.40 post declaration of its numbers. The company posted very good numbers for Q1 ended 31st March 2016 (31st Dec year ending). The company posted a 19% (YoY) rise in consolidated net sales at Rs.520 crore and costs as a ratio of total income came down from 92% to 89%. This helped bolster the EBITDA, which rose 37% to Rs.74 crore. EBITDA margins improved from 12.38% to 14.23%. It ended Q1CY16 with a net profit at Rs.34 crore, up 70%.
Its net profit in current Q1 is already 44% of entire CY15 net profit of Rs.77 crore; with three more quarters to go, clearly the company is on a dream run this year. On an equity of Rs.14.54 crore, annualized EPS is at Rs.19.
As at 31st March 2016, 68.77% stake is held by Finland based promoters, Huhtavefa.