A major global specialized packaging company, EPL, saw its shares soar 12% in the morning trading to hit a 35-month high of ₹243 per share. The rise happened after the firm posted a strong set of numbers for the June quarter, which met analyst expectations.
The company’s consolidated revenue increased by 11% year-on-year to ₹1,007 crore. Stronger margins in the Americas and Europe led to the EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) margin’s 90 basis point annual increase to 18.4%. While adjusted PAT (Profit after Tax) climbed by 18% to ₹64.2 crore, EBITDA improved by 17% year over year to ₹190 crore.
All regions had gains in revenue: AMESA, EAP, Americas and Europe saw year-on-year growth of 9%, 14%, 19% and 9%, respectively. EBITDA margins rose by 610 basis points to 15.8% in the Americas and 230 basis points to 13.6% in Europe. In contrast, margins fell by 280 basis points to 19% in AMESA and 90 basis points to 21.9% in EAP.
As of 12:23 pm, EPL shares were trading 13.39% higher at Rs 246.90 on the NSE.
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