Emmbi’s PAT increase by 20 per cent

Emmbi Industries with its enhanced thrust on solutions to industries like water conservation, food and pharma in packaging and logistics managements, have produced a record performance in FY 2016-17. The company’s gross sales for the 12 months of FY 2016-17 has increased to Rs 240.99 crore from Rs 217.67 crore from 12 months of FY 2015-16. This is an increase of 10.72 per cent over previous year. In FY 16-17, PAT was at Rs 12.72 crore which is up by 20.12 per cent over same period of previous year. The Board of Directors have recommended dividend of Re 0.50 per fully paid up equity share of Rs 10 each for the financial year 20162017. The cost of finance has come down to 3.44 pre cent of revenue in FY 2016-17. The company has largely completed its capex program and added the capacity by 6000 MTA p.a. totaling the capacity of 24000 MT p.a.