Huhtamaki PPL reported 15.6% increase in net profit to Rs 36.88 crore on 5.5% rise in total revenue from operation to Rs 685.90 crore in Q2 FY21 over Q2 FY20.
Total expense in the second quarter increased by 4.1% to Rs 639.17 crore as compared to Rs 613.95 crore in the same period last year.
Profit before tax (PBT) in Q2 September 2020 stood at Rs 49.61 crore, up by 26.7% from Rs 39.17 crore in Q2 September 2019. Current tax expense rose by 80.5% year-on-year (YoY) to Rs 13.86 crore during the quarter.
Huhtamaki PPL is a provider of primary consumer packaging & decorative labelling solutions in India, and part of Huhtamaki Oyj, a Finnish-based global food packaging major.
The scrip rose 3.37% to Rs 308.70 on Friday. On a year-to-date (YTD) basis, the stock has gained 25.33% while the benchmark S&P BSE Sensex lost 1.38% during the same period.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU