Essel Propack Limited's subsidiary in Poland has been awarded a long term contract by a FMCG player for supply of tubes in Europe. Upon fully ramping up this contract will contribute annually around EUR 15 million to revenue.

Essel Propack Limited reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net sales/income from operations (Net of Excise Duty) of INR 4,443.3 million against INR 4,117.1 million a year ago. Profit from operations before other income, interest & exceptional items was INR 478.5 million against INR 400.6 million a year ago. Profit from ordinary activities before tax was INR 318.4 million against INR 223.9 million a year ago. Net loss was INR 318.4 million against INR 223.9 million a year ago. Basic and diluted earnings per share were $1.40 against $0.87 a year ago. For the nine months, the company reported net sales/income from operations (Net of Excise Duty) of INR 13,435.6 million against INR 11,623.6 million a year ago. Profit from operations before other income, interest & exceptional items was INR 1,402.0 million against INR 1,090.5 million a year ago. Profit from ordinary activities before tax was INR 854.9 million against INR 574.9 million a year ago. Net profit was INR 854.9 million against INR 574.9 million a year ago. Basic and diluted earnings per share were $3.45 against $2.05 a year ago. For the quarter on standalone basis, the company reported net sales/income from operations (Net of Excise Duty) of INR 1,449.7 million against INR 1,283.2 million a year ago. Profit from operations before other income, interest & exceptional items was INR 214.7 million against INR 195.9 million a year ago. Profit before tax for the period was INR 164.7 million against INR 142.2 million a year ago. Net profit after tax for the period was INR 114.7 million against INR 102.4 million a year ago. Basic and diluted earnings per share were $0.73 against $0.65 a year ago. For the nine months on standalone basis, the company reported net sales/income from operations (Net of Excise Duty) of INR 4,252.2 million against INR 3,579.6 million a year ago. Profit from operations before other income, interest & exceptional items was INR 646.1 million against INR 510.1 million a year ago. Profit before tax for the period was INR 483.6 million against INR 346.7 million a year ago. Net profit after tax for the period was INR 360.5 million against INR 249.1 million a year ago. Basic and diluted earnings per share were $2.29 against $1.59 a year ago.

Essel Propack Limited, Q3 2013 Earnings Call, Feb 06, 2013