Kanpur Plastipack announced that the Board of Directors of the Company at its meeting held on 26 May 2023, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 5%) , subject to the approval of the shareholders.

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Net profit of Kanpur Plastipack rose 70.02% to Rs 7.26 crore in the quarter ended March 2023 as against Rs 4.27 crore during the previous quarter ended March 2022. Sales declined 34.21% to Rs 109.49 crore in the quarter ended March 2023 as against Rs 166.43 crore during the previous quarter ended March 2022.

For the full year,net profit declined 86.15% to Rs 3.63 crore in the year ended March 2023 as against Rs 26.20 crore during the previous year ended March 2022. Sales declined 23.82% to Rs 474.42 crore in the year ended March 2023 as against Rs 622.79 crore during the previous year ended March 2022.

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Kanpur Plastipack will hold a meeting of the Board of Directors of the Company on 26 May 2023.

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Net loss of Kanpur Plastipack reported to Rs 4.52 crore in the quarter ended December 2022 as against net profit of Rs 7.37 crore during the previous quarter ended December 2021. Sales declined 37.10% to Rs 94.30 crore in the quarter ended December 2022 as against Rs 149.93 crore during the previous quarter ended December 2021.

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