Pakka Limited Reports Rs 46.01 Crore Fund Utilization in Q1 from Preferential Issue
Pakka Limited, a paper products manufacturer, has utilized Rs 168.60 crore out of Rs 171.36 crore raised through a preferential issue. Rs 29.01 crore was invested in plant and machinery for the Jagriti Project, while Rs 17.00 crore was invested in its U.S. subsidiary for land acquisition. The company raised funds through 54 lakh equity shares and 36 lakh fully convertible warrants. Care Ratings Limited, the monitoring agency, noted potential risks including warrant conversion issues due to low share price and delayed consolidated financial reporting.
30May 25
Pakka Ltd Q4 Results: Net Profit Surges Despite EBITDA Decline
Pakka Ltd's Q4 financial results show a significant increase in net profit to ₹126.00 crore, up 46.51% year-over-year. However, EBITDA decreased by 18.68% to ₹148.00 crore, and EBITDA margin fell to 16.14% from 19.25%. The contrasting performance suggests benefits from non-operational factors, while facing challenges in maintaining operational efficiency.