Polyplex Corporation Q3 Result 2024: Date and Time, Share Price and Target

News: Polyplex Corporation Limited, a prominent player in the fabricated plastic and rubber sector, recently released its financial results for the third quarter of 2024. In this article, we’ll delve into the key highlights of their performance, including the date and time of the announcement, share price movements, and future prospects.

Earnings Results

1. Sales and Revenue

• For the third quarter (October to December 2023), Polyplex reported sales of INR 18,633.4 million, compared to INR 17,510.1 million in the same period last year.
• Revenue during Q3 stood at INR 19,205.5 million, up from INR 18,395.3 million in the previous year.

2. Net Income

• The company’s net income for Q3 2024 was INR 386.7 million, a decline from INR 1,754.6 million in Q3 2023.

3. Earnings Per Share (EPS)

• Basic EPS from continuing operations dropped to INR 12.32, down from INR 55.89 in the previous year.
• Diluted EPS from continuing operations followed a similar trend, standing at INR 12.32, compared to INR 55.89 previously.

Share Price and Target

• As of the latest data, Polyplex Corporation’s stock closed at INR 959.
• Analysts’ consensus suggests an average target price of INR 1,570, indicating a potential upside of approximately 63.71%.

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About Polyplex Corporation Limited :

Polyplex Corporation Limited is a leading player in the world of polyester (PET) film manufacturing. With the seventh-largest capacity globally, they produce both thin and thick PET films, catering to a wide range of applications. Let’s explore more about this dynamic company:

Company Overview

• Polyester Expertise: Polyplex specializes in manufacturing PET films, which are widely used in various industries.
• Diverse Portfolio: Their business extends beyond PET films to include BOPP, Blown PP/PE, and CPP films produced in state-of-the-art facilities.
• Value-Added Products: Integrated downstream capabilities, such as Metallizing, Holography, Silicone Coating, Offline Chemical Coating, Extrusion Coating, and Transfer Metallized Paper, enhance their product offerings.
• Global Reach: Polyplex serves over 2,650 customers across 90 countries, spanning Europe, the Americas, the Indian sub-continent, Far East, Asia Pacific, and the Middle East.

Key Financial Insights

• Years of Operations: With 35 years of experience, Polyplex has established itself as a reliable industry player.
• Turnover: Their annual turnover stands at a substantial USD 951 million.
• Employee Strength: A dedicated team of 2,700 employees contributes to their success.

Product Highlights

Polyplex offers a range of specialized films:

1. Sarafil: Clear, transparent, and flexible base films suitable for various applications.
2. Saracote: Silicone-coated films (PET/PP) ideal as carriers for pressure-sensitive materials.
3. Saralam: Extrusion-coated films used in thermal lamination products like book covers and identity cards.
4. Saraprint: An innovative non-tearable polyester film designed for digital print media, including photo albums and commercial printing.

While the Q3 results show some challenges, Polyplex remains a significant player in its industry. Investors should keep an eye on the company’s strategic moves and market dynamics to make informed decisions.

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