Kanpur Plastipack Limited has informed the Exchange regarding Audited Financial Results and Dividend for the financial year 2024-25.
KANPRPLA · price
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Awaiting price reaction for this filing.
Kanpur Plastipack reported strong FY25 results with standalone revenue from operations rising ~27.8% to ₹62,624 lakhs (vs ₹48,999.6 lakhs in FY24). Profit before exceptional items surged to ₹2,389.1 lakhs from just ₹102.6 lakhs, reflecting major margin expansion in the core Raffia (FIBC) division. After booking a one-time exceptional impairment of ₹1,161.9 lakhs on the closure of its CPP (Cast Polypropylene Film) division — whose plant and machinery have been sold effective May 7, 2025 — net profit still grew to ₹1,069.9 lakhs from ₹35.7 lakhs. Basic EPS jumped to ₹3.47 from ₹0.17. Operating cash flow turned sharply positive at ₹3,685 lakhs (vs negative ₹442.6 lakhs last year) and long-term borrowings were cut to ₹1,810 lakhs from ₹8,449 lakhs. The board recommended a final dividend of ₹0.90 per share (9%) subject to shareholder approval.
A strong year driven by the Raffia/FIBC business, but the CPP division shutdown and one-time impairment are structural changes worth monitoring. Lower debt and positive operating cash flow improve the balance sheet, while the modest 9% dividend offers limited but tangible shareholder return.