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ESS DEE Aluminium revenues up by 44.56% to Rs 10705.45 lacs

This article was posted on Aug 2, 2008 and is filed under Press Releases

ESS DEE Aluminium Ltd, one of India’s largest providers of Pharma packaging solutions, today announced its results for the quarter ended 30th June, 2008.

Financial performance update:
Q1 FY2009 results compared with Q1 FY2008 results:
v Revenues at Rs 10,705.45 Lacs compared to Rs 7,405.38 Lacs, a growth of 44.56 %
v Operating profits enhanced by 45.24 % to Rs 7,829.88 Lacs from Rs 5,390.65 Lacs
v PAT increases by 31.43 % to Rs 2,140.54 Lacs from Rs 1,628.54 Lacs
v EPS improves to Rs 7.69 from Rs 6.17.
Commenting on the performance in Q1 FY2009 Mr. Sudip Dutta, chairman & Managing Director, ESS DEE Aluminium Ltd. said,

“Q1 FY09 has been a successful quarter for the company. ESS DEE Aluminium has established a niche as an end to end packaging solutions provider to the Pharma industry has now established its credentials as the preferred option to the Food and FMCG Sector for Aluminium Foil based flexible packaging materials. The proposed ideas are in the process of getting materialised and we see tremendous growth and value added to the company. ”
Key Strengths:

· EDAL is located at Daman in a 1,10,000 sq.ft. total built up area. The plant is modelled on the latest generation CGMP practices and is one of it’s own in the aluminum foil industry.

The factory has skilled and trained manpower which between them are the cream of the Indian Aluminium industry.

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