Ruchira Papers Limited, a Sirmaur (Himachal Pradesh) based company engaged in manufacturing of Writing & Printing Paper and Kraft Paper for the packaging industry announced its Un-Audited financial results for the quarter ended 30th September, 2016.
The Company has reported turnover of Rs 103.81 Crore for the quarter ended 30th September, 2016, up by 15.43% over the corresponding quarter ended 30th September 2015. EBITDA for the quarter increased to Rs 16.12 Crore as compared to Rs 10.59 Crore over the corresponding quarter.
The Profit After Tax increased by 72.18% at Rs 749.67 Lakhs as compared to Rs 435.39 Lacs over the corresponding quarter. The company's EPS increased to Rs 3.34 from Rs 1.94 an increase of 72.16% compared to the corresponding quarter.
The improvement in performance is due to mainly successful implementation of the de-bottlenecking programme. During the current quarter, production was 29440 MT. (increased by 18.02% as compared to the corresponding quarter).
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