Duropack Q1 Results Boost Total Revenue of ₹6.29 crores Operating Income ₹0.52 crores

Duropack Q1 Results: Duro Pack's Q1 results show both challenges and improvements when comparing the figures. For the fiscal period ending June 2024, the total revenue was ₹6.29 crores, which is a quarter-on-quarter (QoQ) decrease of 18.02% from ₹7.70 crores in March 2023. When looking at the year-over-year (YoY) performance, the revenue also fell by 13.13% from ₹7.24 crores in June 2023. This decline in revenue suggests that Duro Pack faced some difficulties over the past year.

Duropack’s operating income, which was ₹0.52 crores, a significant improvement compared to a loss of ₹0.16 crores in the previous quarter (QoQ). This shows a strong recovery in the company's operations. In terms of net income, Duro Pack reported ₹0.55 crores, which is a 140.42% increase compared to ₹0.25 crores in March 2023. This also reflects a slight YoY increase of 3.05% from ₹0.53 crores in June 2023. Finally, the diluted normalized EPS improved to ₹1.04, up 141.86% QoQ and 2.97% YoY. Overall, while there are challenges reflected in the revenue numbers, Duro Pack has made notable gains in profitability.

Here’s the full information in table:

(₹ in Crores)

Source: Here 

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Duropack Q1 Results

The Duropack financial table provides a summary of the company’s performance over a recent quarter and the full year. For the quarter ending on June 30, 2024, Duropack reported revenue from operations of 62,928 lakhs, which shows a strong performance compared to the previous quarter's revenue of 67,763 lakhs. Additionally, the company earned 2,341 lakhs in other income, bringing the total income to 65,269 lakhs for the quarter.

When looking at expenses, Duropack spent 57,779 lakhs in total. The largest cost was for materials consumed, which amounted to 39,075 lakhs. Other expenses included employee benefits and depreciation. After subtracting the total expenses from the total income, the profit before tax was 74.90 lakhs.

After accounting for taxes, which totaled 19.82 lakhs, the profit for the period was 55.08 lakhs. The company also reported an increase in its other comprehensive income, which reflects additional income items that are not part of the regular profit and loss statement. The total comprehensive income for the quarter was 94.08 lakhs. This indicates that Duropack is financially healthy and managed to improve its profitability during this period. The earnings per share for this period were 1.04, showing that shareholders may see positive returns.

Here’s a simplified and organized version of the financial data:

(in Lakhs, except Face Value)

Duropack Financial Performance

The Duropack table shows important financial details about a company. It has a market cap of ₹52.4 Crores, which means that is the total value of all its shares. The current stock price is ₹99.4, but it has been as high as ₹120 and as low as ₹65. The Price-to-Earnings (P/E) ratio is 24.2, indicating how much investors are willing to pay for each rupee of earnings. The book value is ₹35.0, showing the company's total assets minus liabilities. 

Here’s the financial data presented in a simple table format:

Quarterly Results 

In the quarterly results for Duropack, the data for December 2023 shows that the company had sales of Rs. 8.33 crores and a net profit of Rs. 0.68 crores, with an operating profit margin of 11.16%. In March 2024, sales dropped to Rs. 7.68 crores, and net profit decreased to Rs. 0.23 crores, resulting in a lower operating profit margin of 5.99%. By June 2024, sales fell further to Rs. 6.29 crores, but net profit improved slightly to Rs. 0.55 crores, while the operating profit margin rose again to 11.45%.

Here’s the data for Dec 2023, Mar 2024, and Jun 2024:

(Figures in Rs. Crores)

About Duropack

Duropack is a major company that makes flexible packaging laminates. It was founded in 1987 by Mr. Vivek Jain and Mr. Vineet Jain. They have a lot of experience in this industry and always stay updated on the latest technologies to provide the best solutions for different businesses. Duropack aims to create high-quality laminates while keeping the customer at the center of their work.

The company has a skilled team that includes experts from many areas like technical support, quality control, administration, engineering, marketing, and operations. Duropack believes in making sure customers are satisfied and happy with their products. They focus on having a good work environment and following strong ethics. By managing their time well and motivating their employees, they ensure reliability, accountability, and security for their customers. Overall, Duropack is committed to delivering excellent products and services to meet the changing needs of businesses.