Acquisitions16 Aug 2025, 05:34 pm
Kanpur Plastipack Delivers Record Q1 Performance; Expands Global Footprint with Acquisition of UK based Company
AI Summary
Kanpur Plastipack Ltd., a trusted 'Bharat Brand' with over five decades in industrial packaging, announced its unaudited financial results on August 13, 2025 for the quarter ended June 30, 2025. The company reported a total income from operations of 18,224 lakh, up 34% YoY, and EBITDA at 1,554 lakh, up 119% YoY. The company also acquired 76.19% stake in UK-based Valex Ventures Ltd. to strengthen presence in developed markets and gain direct access to premium food-grade & UN-certified FIBC customers in the UK.
Key Highlights
- Total income from operations of 18,224 lakh, up 34% YoY
- EBITDA at 1,554 lakh, up 119% YoY
- Acquired 76.19% stake in UK-based Valex Ventures Ltd.
- Credit rating upgraded to CRISIL BBB+/Stable for long-term facilities
- Raised 2 13.15 crore via preferential issue of 10,12,000 warrants to reduce debt