Kanpur Plastipack Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
KANPRPLA · price
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Kanpur Plastipack Limited reported a strong set of audited results for FY25. Standalone revenue from operations rose about 27% year-on-year to Rs. 62,620.02 lakhs (from Rs. 49,468.29 lakhs in FY24), while net profit jumped to Rs. 1,060.85 lakhs from just Rs. 35.68 lakhs the previous year. The company booked a one-time exceptional impairment loss of Rs. 1,161.93 lakhs on the plant and machinery of its CPP (Cast Polypropylene Film) division, which has been classified as held for sale and shut down effective May 7, 2025. The Raffia division (its main FIBC, fabric and yarn business) drove the bulk of the growth, with segment revenue rising to Rs. 55,710.03 lakhs. The board has recommended a final dividend of Rs. 0.90 per share (9%) subject to shareholder approval. The auditor issued a clean, unmodified opinion, and operating cash flow turned strongly positive at Rs. 3,725.35 lakhs (consolidated) versus a small outflow last year.
The strong top-line growth and turnaround in profitability are positive for shareholders, but the headline net profit is flattered by a low base and is reduced by the CPP division's impairment charge. The closure of the loss-making CPP unit and sharp reduction in long-term borrowings (from Rs. 8,449 lakhs to Rs. 1,810 lakhs) signal improving operational focus, while the small 9% dividend is modest. Overall, the results are constructive for the stock but warrant attention to the discontinued CPP segment.