Q3FY22 Quarterly Result Announced for EPL Ltd.
Containers & Packaging company EPL declares Q3FY22 result: Double digit revenue growth of 14.9% YoY contributed by AMESA, EAP and Americas. Margin impacted by continuing raw material price and freight cost hardening. Barring any unforeseen volatility, we expect margins to recover going forward. Continue to champion sustainability: added another customer in Asia for supply of recyclable tubes. Joined Ellen Macarthur Foundation’s New Plastic Economy Global Commitment, become signatory to United Nation’s Global Compact (UNGC) and also Rated ‘B’ Management Level by CDP (Formerly Carbon Disclosure Project) for Climate Change and Water Security. Won the prestigious “Best Governed Company” award at the 21st ICSI National Award for Excellence in the category of Corporate Governance Delivered 14.9% revenue growth YoY. Comparable YoY revenue growth is 11.6% EBITDA margin has declined vs PY due to steep increase in raw material prices, freight cost increase, lag in price pass-through, and higher employee absenteeism in certain geographies due to Covid. Result PDF09-02-2022