Q3 revenue up 23.7%; Rs 96 million plant closure charge cuts profit
HUHTAMAKI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 13.4 pts less than Nifty Microcap 250 and 12.6 pts less than its Packaging peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Q3 total revenue rose 23.1% to Rs 7,688.4 million and product sales rose 23.7%. Net profit fell 19.1% to Rs 297.3 million, while EBITDA margin fell from about 9.9% to 8.1%. A Rs 96 million exceptional charge for closing one label plant, covering depreciation and employee settlements, cut profit. Nine-month revenue rose 15.4% and net profit 12.7%. The auditors' limited review found no material problems.
Strong sales growth helps, but Q3 margin pressure and the Rs 96 million closure cost may weigh on earnings, despite expected efficiency gains.