The net profit for this quarter stood at Rs 22.9 crore on a consolidated basis.
EBITDA for this quarter is at Rs 75 crore, which is an operating EBIDTA margin of 22.1%
For Q3 FY12, the Cosmetic & Perfumery (C&P), premium segment grew by 7% and now contributes 47% of the total sales. Specialty Food & Beverage (SF&B) division grew by 31% on account of higher domestic sales in Sri Lanka thereby, contributing 27% to the sales.
Ajay Piramal, Chairman, Piramal Group while commenting on the performance said, “We have witnessed a steady growth in the first 9 months of 2011. EBITDA and PAT margins have witnessed an upswing. We will continue our focus on the Cosmetics & Perfumery segment, especially the premium category.”
Vijay Shah, Director, Piramal Glass added, “Piramal Glass’ PAT has seen a robust growth of 21.3% to Rs 81.9 crore in this YTD. Our sales have seen a consistent rise of 10.2% while the EBITDA has grown by 9.6%. We have also completed in this quarter relining of two furnaces, which are both fully operational now. Having achieved a consistent performance, we are confident of maintaining this momentum and look forward to further improving our EBIDTA margins and sales figures.”
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Piramal Glass Q3 net profit at Rs 23 cr
Piramal Glass Ltd (PGL), a Piramal Group company and a leading global manufacturer of specialty glass containers for Cosmetics & Perfumery (C&P), Specialty Foods & Beverages (F&B) and Pharmaceuticals industry today reported a rise in its consolidated net sales to Rs. 340.1 crore as compared to Rs. 310.6 crore for the corresponding period last year.