Kanpur Plastipack: Performance details – 11 Feb 2022

Kanpur Plastipack Ltd is a fully integrated bulk packaging provider

The company posted a robust Q3 profit margin but it was lower than the Q1 margin

Sales in Q3 quarter were lower due to carrying higher finished goods inventory which has since been liquidated in the current quarter

The Company’s project to set up a Cast Polypropylene Film (CPP) line is well underway. 8Orders for machines have been placed and the land has been acquired