Factual
Essel Propack nets Rs 4,117 mn profit in Q3
NEW DELHI: The Subhash Chandra-promoted Essel Propack Limited, world’s largest laminated tubes manufacturer, registered sales of Rs 4,117 million for the nine months period ended September 2003. The net profit
stood at Rs 513 million, signifying a growth of 7 per cent.
The consolidated global sales reflect a healthy growth of 16.3 per cent, compared to the corresponding period of the previous year. The sales have increased largely due to the impact of new operations in the USA, growth in China market and the improvement of operations in Colombia, the company has said in a statement today.
The third quarter ended September 2003 recorded a growth of 7 per cent in net profit compared to the second quarter of this year.
The increase in net profit was achieved not withstanding the marginal decline of 3.4 per cent in the net sales. This was due to a slow down in the Chinese local customers’ off-take and the planned relocation of a key customer’s manufacturing plant from Shanghai to Hefei during Q3 of 2003.
Essel Propack is confident of regaining the lost volumes in fourth quarter, the company said, adding the results need to be viewed in the light of the “continued low growth of the FMCG sector in India and the unsustainable low prices offered by the competition.”
The growth in the overseas revenues denominated in US$ gets translated into lower rupee growth due to the strengthening of Indian rupee.
The statement said the company has strengthened its relationships with the key customers in India. The volumes in China will continue to be on the growth path in the future.
Essel Propack’s new laminate manufacturing unit in China has reached stabilisation phase in its quality, the company has already rolled out the laminate from China to the USA, and Latin markets. The full effect of this will be felt in the year 2004, the company said.
Essel Propack, the largest specialty packaging company, is promoted by Essel Group, which also has some other companies under its fold like Zee Telefilms and ASC Enterprises.
Essel Propack, headquartered in India, provides packaging solutions to toothpaste, pharmaceuticals, cosmetics, and Industrial sectors all over the world.
The company has manufacturing operations in 11countries across the globe. Essel Propack Limited’s stock is listed on the stock exchanges of Mumbai, Ahmedabad, Delhi and the National Stock Exchange.
MUMBAI: India’s most famous hot seat is about to welcome an unlikely first-timer. For the first time on Hindi general entertainment television, industrialist Kumar Mangalam Birla will appear on Kaun Banega Crorepati, the iconic quiz show hosted by Amitabh Bachchan.
The special episode marks a rare meeting point of boardroom heft and prime-time television, bringing one of India’s most influential business leaders face to face with the country’s most enduring screen legend. It is a crossover that blends intellect, leadership and popular culture, all under KBC’s familiar spotlight.
Birla’s appearance dovetails neatly with the show’s current theme, Jahaan Akal Hai, Wahan Akad Hai, which celebrates the confidence that comes from clarity of thought and knowledge. His presence lends weight to the idea that sharp thinking and conviction are as vital in life as they are in the quiz chair.
In a thoughtful conversation with Bachchan, Birla shared an upbeat view of India’s economic journey, pointing to the nation’s rapid growth and the scale of opportunity opening up across industries and communities. He spoke of momentum, ambition and a future shaped by enterprise and ideas.
The episode is not all serious talk. In lighter moments, Birla confessed his long-standing admiration for Bachchan, calling him his favourite actor and admitting to a touch of nervousness at answering questions in front of the Shahenshah himself. The candour adds a human touch to a man more often seen in headlines than on television sets.
The special episode airs on Monday, 29 December at 9.00 pm on Sony Entertainment Television and Sony LIV.
