Kanpur Plastipack Limited has informed the Exchange that Board of Directors at its meeting held on May 15, 2025, recommended Final Dividend of Rs. 0.90 per equity share.
KANPRPLA · price
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Kanpur Plastipack Limited's board met on May 15, 2025, and approved standalone and consolidated audited financial results for Q4 and FY ended March 31, 2025, along with a final dividend of Rs. 0.90 per share (9%) for FY25, subject to shareholder approval. On a standalone basis, total income grew about 27.5% to Rs. 64,271 lakhs (from Rs. 50,411 lakhs in FY24), and net profit jumped sharply to Rs. 1,069.85 lakhs (from Rs. 35.68 lakhs in FY24), translating to a basic EPS of Rs. 4.92 vs Rs. 0.17. The company recognised a one-time exceptional impairment of Rs. 1,161.93 lakhs on its CPP Division, whose plant and machinery was sold and the division closed w.e.f. May 7, 2025. Statutory auditors M/s Rajiv Mehrotra & Associates issued an unmodified (clean) opinion on the results. The company also deleveraged significantly, with long-term borrowings falling from Rs. 8,449 lakhs to Rs. 1,810 lakhs, and operating cash flow turned positive at Rs. 3,685 lakhs (vs a negative Rs. 443 lakhs last year).
Strong FY25 performance with sharp profit growth and a clean audit, combined with a modest 9% dividend, signals healthy core operations in the Raffia/FIBC segment despite the CPP exit. The deleveraging and positive operating cash flow improve balance sheet strength, which is positive for shareholders, though the Rs. 1,161.93 lakh one-time CPP impairment is a drag on reported earnings.