TCPL's quarterly results announced
TCPL Packaging's quarterly results have been announced. The company has been in the news for the addition of a Komori; as well as a new rotogravure line adding to the existing two machines at the company's flexible packaging unit situated in Dapada. The investments are expected to boost its capacity for the production of packaging.
06 Feb 2024 | By Charmiane Alexander
TCPL Packaging's quarterly results have been announced. TCPL Packaging's net profit fell -23%.
As on 6 February, TCPL Packaging's share price was down by 1.88% basis the previous closing price of Rs 2,131.35. TCPL Packaging's share price was trading at Rs 2,102.00.
Saket Kanoria, managing director of TCPL Packaging had shared with WhatPackaging?, "The company is having good cash flow, as well as a much-more diversified product portfolio."
Readers will recall that the total revenue and earnings for TCPL Packaging for the year ending March 2023 were Rs 1,484-crore and Rs 111-crore on a consolidated basis.
In the past three years, the company has shown a good profit growth of 47.65%. Also, the company has shown a good revenue growth of 17.18%.
Meanwhile, on 31 January, TCPL installed a Komori Lithrone GL 640+C IR UV press at its Greater Noida unit on 31 January. Readers of WhatPackaging? magazine will recall that TCPL had acquired Creative Offset in 2022. Creative's specialisation was in manufacturing printed rigid boxes and leaflets for the mobile phone and consumer electronics industry.
The new Komori machine is a six-colour press which is capable of printing sheets with a maximum size of 750 x 1,050mm. The press can operate at a maximum speed of 16,500-sph sheets per hour.
TCPL also manufactures blown polyethylene (PE) films. This enables the packaging major to offer specially oriented PE films to replace typically stiffer films like Polyester (PET). As Akshay Kanoria shared during a panel discussion at the Print Business Outlook 2024 conference, "Such specially oriented PE films, once laminated with another layer of sealant PE film, will result in a mono-polymer packaging product. Being a single polymer family, this will be a recyclable product."
Today, TCPL manufactures folding cartons, printed blanks and outers, litho lamination, plastic cartons, blister packs, and shelf-ready packaging. Also, TCPL has made significant inroads in flexible packaging with the capability to produce printed cork-tipping paper, laminates, sleeves and wrap-around labels.