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20th May, 2017:

For the year ended 31st March 2017, Pudumjee Paper Products Ltd has reported turnover at Rs.543.89 crores (previous year Rs.494.72 crores). The EBIDTA for the year grew by 34 percent to Rs.46.97 crores (previous year Rs.34.93 crores) while the Profit After Tax rose sharply by 96 percent to Rs.19.87 crores (previous year Rs.10.12 crores).

The Company has declared dividend @ 15% (previous year 10%).

During the year, the Company sold 60483 MT of paper, a 23% increase over 49292 MT of paper sold during the previous year. The sharp increase in profitability has been on account of change in product mix and market strategy, and comparatively lower input costs in the paper division of the Company.

The Company is on the verge of completing the full width supercalender project and 132 KVA Substation which are expected to contribute towards better profitability for the Company.