Revised outcome relating to board meeting held on May 26, 2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
HCP Plastene Bulkpack Limited submitted revised audited financial results to BSE following a correction in the Deferred Tax (Income)/Expense figures for the quarter ended March 31, 2025. Standalone revenue jumped sharply to Rs 11,808.53 lakh from Rs 4,554.91 lakh in FY24, while standalone profit after tax swung to Rs 574.37 lakh from a loss of Rs 276.37 lakh. On a consolidated basis, revenue rose to Rs 46,343.54 lakh from Rs 29,455.54 lakh, and consolidated PAT surged to Rs 1,332.91 lakh from just Rs 30.81 lakh. Earnings per share improved to Rs 5.38 (standalone) and Rs 12.57 (consolidated). Auditor Ashok Dhariwal & Co. issued an unmodified and unqualified opinion on both sets of results. The company operates mainly in Woven Sacks and Label divisions, with Woven Sacks driving nearly all of the growth.
The strong revenue and profit turnaround, particularly in the standalone Woven Sacks business, is a positive signal for shareholders. However, both standalone and consolidated operating cash flows remained negative (Rs -1,274.12 lakh and Rs -1,917.90 lakh respectively), and consolidated current borrowings rose sharply to Rs 15,779.18 lakh, suggesting growth is being funded by short-term debt rather than internal accruals.