B&A Packaging India Reports 6.8% Revenue Growth in Q1
B&A Packaging India Limited announced Q1 financial results with revenue from operations increasing 6.8% to Rs 55.50 crore. However, net profit decreased 13.8% to Rs 2.31 crore. The Flexible Laminates segment grew 8.4%, while Paper Sacks segment declined 2.8%. Operating profit (EBITDA) fell to Rs 2.88 crore from Rs 5.44 crore in the same quarter last year. Management remains focused on operational efficiency and market expansion despite profitability challenges.
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B&A Packaging India Limited, a leading packaging solutions provider, has announced its financial results for the first quarter. The company reported a steady performance with growth in revenue, despite a decrease in profit compared to the same period last year.
Revenue Growth
The company's revenue from operations increased by 6.8% to Rs 55.50 crore, up from Rs 51.96 crore in the corresponding quarter of the previous year. This growth indicates a positive trend in B&A Packaging's core business activities.
Profit Performance
Despite the revenue growth, B&A Packaging India experienced a decline in its net profit for the quarter. The company reported a net profit of Rs 2.31 crore, compared to Rs 2.68 crore in the same quarter last year, representing a decrease of 13.8%.
Segment-wise Performance
B&A Packaging India operates in two main segments: Paper Sacks and Flexible Laminates. The segment-wise performance was as follows:
| Segment | Revenue (Rs crore) | YoY Growth |
|---|---|---|
| Paper Sacks | 21.79 | -2.8% |
| Flexible Laminates | 13.06 | 8.4% |
The Flexible Laminates segment showed strong growth, while the Paper Sacks segment experienced a slight decline compared to the previous year.
Financial Highlights
- Total income for the quarter stood at Rs 55.50 crore, compared to Rs 51.96 crore in the same quarter of the previous year.
- Operating profit (EBITDA) was Rs 2.88 crore, down from Rs 5.44 crore in the same quarter last year.
- Earnings per share (EPS) for the quarter was Rs 3.47, compared to Rs 6.96 in the corresponding period of the previous year.
Management Commentary
Somnath Chatterjee, Managing Director of B&A Packaging India Limited, stated, "We are pleased to report a growth in our revenue for the first quarter. While our profitability was impacted by various factors, we remain focused on operational efficiency and market expansion. The growth in our Flexible Laminates segment is particularly encouraging, and we will continue to capitalize on opportunities in this area."
The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on August 11. The company remains committed to delivering value to its stakeholders and maintaining its position in the packaging industry.
Historical Stock Returns for B&A Packaging
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.36% | +0.42% | +2.19% | -17.62% | -48.05% | +1,343.17% |
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