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Ecoplast Q1 Results Revenue Growth to Rs. 3,039.51 Lakhs and Profit After Tax of Rs. 257.61 Lakhs

Ecoplast Q1 Results show a 2.46% QoQ increase in revenue from Rs. 2,966.41 lakhs to Rs. 3,039.51 lakhs, while Ecoplast Q1 Results reflect a 6.75% QoQ decline in profit before tax from Rs. 353.77 lakhs to Rs. 329.89 lakhs.

by P Nandhini

Updated Sep 17, 2024

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Ecoplast Q1 Results Revenue Growth to Rs. 3,039.51 Lakhs and Profit After Tax of Rs. 257.61 Lakhs

Ecoplast Q1 Results: Ecoplast declared its Q1 results for the financial year 2024-2025, showing a slight increase in revenue. The company reported total revenue from operations of Rs. 3,039.51 lakhs, up by 2.46% quarter-over-quarter (QoQ) from Rs. 2,966.41 lakhs in Q4 2023-2024.

Year-over-year (YoY), the growth was more modest, with a rise of about 1.56% compared to the same quarter in the previous year. This steady growth is attributed to higher sales volumes and stable demand in both domestic and international markets.

On the expenses side, the cost of materials consumed saw a 9.10% QoQ rise, reaching Rs. 2,028.06 lakhs in Q1 2024-2025 compared to Rs. 1,858.98 lakhs in the previous quarter. However, the company maintained a strong profit margin, with a profit before tax of Rs. 329.89 lakhs, reflecting a slight decline of 6.75% QoQ from Rs. 353.77 lakhs in Q4 2023-2024.

Despite a lower profit, Ecoplast's earnings per share (EPS) remained strong at Rs. 8.59 in Q1, compared to Rs. 9.14 in the last quarter, showcasing consistent financial health on a QoQ basis.

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Ecoplast Q1 Results 2024 - 2025

Ecoplast has released its Q1 financial results for the year 2024-2025, showing a stable performance in revenue and profits. The company's earnings saw a slight growth quarter-over-quarter (QoQ) while maintaining a healthy profit margin. Below is a summary of the key financial metrics for Q1:

Particulars Q1 2024-2025 (Unaudited) Q4 2023-2024 (Unaudited) QoQ Change (%)
Revenue from Operations (Rs. Lakhs) 3,039.51 2,966.41 +2.46%
Other Income (Rs. Lakhs) 106.67 60.57 +76.12%
Total Income (Rs. Lakhs) 3,146.18 3,026.98 +3.94%
Cost of Materials Consumed (Rs. Lakhs) 2,028.06 1,858.98 +9.10%
Changes in Inventory (Rs. Lakhs) (77.00) (14.27) +439.85%
Employee Benefit Expenses (Rs. Lakhs) 312.38 269.42 +15.94%
Depreciation & Amortization (Rs. Lakhs) 64.62 65.46 -1.28%
Finance Costs (Rs. Lakhs) 7.45 12.21 -38.96%
Other Expenses (Rs. Lakhs) 480.78 481.41 -0.13%
Profit Before Tax (Rs. Lakhs) 329.89 353.77 -6.75%
Profit After Tax (Rs. Lakhs) 257.61 274.11 -6.03%
Earnings Per Share (Rs.) 8.59 9.14 -6.02%

Source: Click Here

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Ecoplast Current Market Overview

Ecoplast is currently trading at ₹580, with a slight drop of 1.11%. The company has a market capitalization of ₹174 crore and has seen its stock price range between ₹158 and ₹640 over the past year. With a P/E ratio of 17.4, it shows moderate pricing relative to earnings.

Ecoplast has a solid return on capital employed (ROCE) of 32.0% and a return on equity (ROE) of 24.2%, reflecting its efficient use of resources. The stock also provides a small dividend yield of 0.51%, making it an attractive option for investors.

Metric Value
Current Price ₹580
Price Change -1.11%
Market Cap ₹174 Cr.
High / Low ₹640 / ₹158
Stock P/E Ratio 17.4
Book Value ₹140
Dividend Yield 0.51%
Return on Capital Employed (ROCE) 32.0%
Return on Equity (ROE) 24.2%
Face Value ₹10.0
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Quarterly Results

Here are the quarterly results for Ecoplast for December 2023, March 2024, and June 2024:

Metric Dec 2023 Mar 2024 Jun 2024
Sales (₹ Cr.) 28.40 29.66 30.40
Expenses (₹ Cr.) 25.61 25.96 27.45
Operating Profit (₹ Cr.) 2.79 3.70 2.95
Operating Profit Margin (OPM %) 9.82% 12.47% 9.70%
Other Income (₹ Cr.) 0.42 0.61 1.07
Interest (₹ Cr.) 0.05 0.12 0.07
Depreciation (₹ Cr.) 0.64 0.65 0.65
Profit Before Tax (₹ Cr.) 2.52 3.54 3.30
Tax % 26.98% 22.60% 21.82%
Net Profit (₹ Cr.) 1.85 2.74 2.58
EPS (₹) 6.17 9.13 8.60
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About Ecoplast 

Ecoplast is a leading company in India that specializes in producing high-quality multilayer co-extruded polyethylene and co-polymer films for the flexible packaging industry. Established in 1981, the company has over four decades of experience in creating innovative film structures that help protect and preserve products.

Ecoplast is also known for its surface protective films used in various industries like steel, glass, tiles, and more. With a strong presence in both domestic and international markets, the company is committed to delivering top-quality solutions and has grown into a trusted name globally.

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Ecoplast Q1 Results - FAQs

1. What is Ecoplast’s revenue for Q1 2024-2025?  

Ecoplast’s revenue for Q1 2024-2025 is Rs. 3,039.51 lakhs.

2. How does Ecoplast’s Q1 revenue compare to Q4 2023-2024?  

Ecoplast’s Q1 revenue is up from Rs. 2,966.41 lakhs in Q4 2023-2024.

3. What is Ecoplast’s profit before tax for Q1 2024-2025?  

Ecoplast’s profit before tax for Q1 2024-2025 is Rs. 329.89 lakhs.

4. How has Ecoplast’s profit before tax changed from Q4 2023-2024?  

Ecoplast’s profit before tax has decreased from Rs. 353.77 lakhs in Q4 2023-2024.

5. What is Ecoplast’s earnings per share (EPS) for Q1 2024-2025?  

Ecoplast’s EPS for Q1 2024-2025 is Rs. 8.59.

6. What is Ecoplast’s total income for Q1 2024-2025?  

Ecoplast’s total income for Q1 2024-2025 is Rs. 3,146.18 lakhs.

7. What were Ecoplast’s employee benefit expenses in Q1 2024-2025?  

Ecoplast’s employee benefit expenses were Rs. 312.38 lakhs in Q1 2024-2025.

8. What is the change in inventory for Ecoplast in Q1 2024-2025?  

Ecoplast’s change in inventory for Q1 2024-2025 is Rs. (77.00) lakhs.

9. What were Ecoplast’s finance costs in Q1 2024-2025?  

Ecoplast’s finance costs were Rs. 7.45 lakhs in Q1 2024-2025.

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