Page 18 - Glass Machinery Plants & Accessories no. 1/2018

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pirAmAL GLASS CeyLOn
financial results for Q2

Piramal Glass Ceylon 579 million as against the
(PGC) has reported its INR 206 million received
results for the first half in the similar quarter of
of the year FY 2017-18 the previous year which
with INR 3,082 million depicted a growth of 181%.
of revenue and INR 154 Amidst the adverse sales
million of profit after impact the company
tax (PAT) as against the showed improvement in
previous year similar its profitability indicators.
period revenue of INR Gross profit has risen to
3,129 million and PAT of 21% during the quarter
INR 73 million. At half under review as compared
year company domestic to the previous year similar
sales were lower by 15% quarter of 7%. During
at INR 2,184 million as the first half of the year
the gross profit was 23%
against INR 2,586 million
Working for a of previous year whilst the as compared to 13% in
the similar period of the
export sales stood at INR
898 million as against INR previous year whilst the
brighter future… 543 million of the previous operating profit moved
year, reflecting a growth
up to 14% from 4% of the
of 65%. Sales during the previous year.
second quarter of FY2017- The incremental
18 were INR 1,679 million, operational profit margin
which reflects a growth of improvement was possible
16% when compared to the due to the reduction of
corresponding period of trading sales. With the new
the previous year figure of facility now well stabilised
INR 1,445 million. the domestic market is
Domestic sales stood at being supplied mainly with
INR 1,100 million as in house manufactured
against INR 1,239 million bottles which has replaced
of the similar quarter of the the imported bottles.
previous year, reflecting a Last year due to capacity
de-growth of 11%. A dip constraints a considerable
in the overall domestic portion of the domestic sale
market was experienced was done through imports.
which impacted the sales PGC completed its relining
mainly in the food & and expansion project
WITH TIAMA HOT-END MONITORING beverage segments. The during previous year with
management made special an investment of over
Receiving information faster is possible and easier with our efforts to expand in the INR 3 billion. During the
Hot-End Monitoring Sensors. Our system is also more cost export market to offset the relining and upgradation,
effective because it is modular: you choose only what you domestic setback. Thus the furnace capacity was
need. Whatever your choice, it will improve your knowledge the high growth seen in the increased by 20% taking
of the process and it is backed by our service, support and export market is a outcome to account the expected
domestic market growth
of the initiatives proactively
training, along with constant research. So, watch this space converted to sales in the and the potential export
if you are preparing for the Smart Factory.
newer markets. PGC has sales. With the unforeseen
demonstrated its capability drop in the domestic
by achieving export sales market the company
for the quarter of INR is looking towards
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