with a market valuation of 4,735.87 Cr, Polyplex Corporation Limited is a Small-cap company engaged in Industrial industry. The capacity of polyester (PET) film manufactured by Polyplex Corporation Limited (Polyplex) is the seventh largest in the world. One of the top producers of PET film, Polyplex has a worldwide presence, distributing to over 2650 customers across 75 countries in Europe, Americas, Indian Subcontinent, Far East, Asia Pacific and Middle East.
The company has today said in a stock exchange filing that the board of directors has approved the declaration and payment of second interim dividend (special) for the financial year 2022-23. 30 per share of face value of Rs. 10/- each.” Polyplex Corporation has fixed February 24,2023 as the record date for the purpose of payment of the above dividend.
On a standalone basis, the company reported revenue from operations of 369.55 Cr in Q3FY23 as compared to Rs. 467.28 Cr in Q3FY22, representing a YoY decline of 20.01% YoY. Company’s net expense reached 374.99 crore in the quarter ending December 2022 as compared to 400 crore in the year-ago quarter. Net profit of Polyplex Corporation reached 147.51 Cr in Q3FY23 as compared to Rs. 97.12 crore over the year-ago quarter, representing a growth of 51%. Polyplex Corporation’s standalone EPS reached as compared to 46.99 in Q3FY23 30.94 in Q3FY22.
On a consolidated basis, the company’s revenue from net sales or operations reached 1863.34 cr in Q3FY23 as compared to Rs. 1751.01 crore in Q3FY22, representing a growth of 6.41% YoY. Company’s net expense reached 1844.9 crore in the quarter ending December 2022 1475.08 crore in the year-ago quarter. The consolidated net profit of the company reached 38.67 cr in Q3FY23 as compared to Rs. 175.46 crore in the year-ago quarter, representing a decline of 77.96% YoY. Polyplex Corporation’s EPS reached as compared to 12.32 in Q3FY23 55.89 in Q3FY22.
Shares of Polyplex Corporation Limited closed today on NSE Down 0.69% from previous close of 1,516 1,526.60.
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