- Net sales increased by 16.5%
- Revenues of exports increased by 19.7%
- PAT increased by 11.2%
India’s leading can manufacturer producing a wide range of CANS and providing quality packaging solutions, Hindustan Tin Works Ltd, today reported its quarterly profit & revenue numbers with a 11.2 % jump in the net profit after tax & 19.7% rise in its exports revenue for the quarter ended 31st December 2010.
While the company saw its net sales touching Rs 57.68 cr. for 3rd Quarter, as compared to Rs 49.53 cr. of the corresponding period last year, its exports revenues increased to Rs 16.94 cr. as compared to Rs 14.15 cr. in the corresponding quarter of the previous year.
The Profit after Tax stood at Rs 2.51 cr. as compared to Rs 2.25 cr. in the corresponding quarter of the previous year thereby showing 11.2% increase. Earnings per share stood at Rs 2.41 as compared to Rs 2.17 in the corresponding quarter of the previous year thereby showing an increase of 11.2 % .
The numbers for ending nine months are also encouraging. Net Sales increased by 15.3% to Rs 232.21 cr. as compared to Rs 201.36 cr. of previous corresponding nine months numbers. Exports increased by 74% to Rs 50.25 cr. as compared to Rs 28.88 cr. of previous corresponding nine months numbers. PAT stood at Rs 9.34 cr. as compared to Rs 8.41 cr. thereby showing an increase of 11.1 %.
Earnings per share stood at Rs 8.98 as against Rs 8.08 of corresponding nine months of the last year showing an increase of 11.1%.
Mr. Sanjay Bhatia, Managing Director, Hindustan Tin Works Ltd. commenting on the performance said, “We are extremely delighted with the continuous upward performance of the Company. These figures confirm our hope of an extremely bullish year in terms of sales, revenue & PAT figures. I thank all my stakeholders for their constant support and confidence in the Company.”
Highlights Qtr ended Dec 31st, 2010 (Rs Cr.) Qtr ended Dec 31st, 2009 (Rs Cr.) Growth % Nine Months ended Dec 31st, 2010 (Rs Cr.) Nine Months ended Dec 31st, 2009(Rs Cr.) Growth %
| Turnover | 57.68 | 49.53 | 16.50 | 232.21 | 201.36 | 15.30 |
| Export | 16.94 | 14.15 | 19.70 | 50.25 | 28.88 | 74.00 |
| Profit after tax | 2.51 | 2.25 | 11.20 | 9.34 | 8.41 | 11.10 |
| Earnings per share (face value Rs 10/-) | 2.41 | 2.17 | 11.20 | 8.98 | 8.08 | 11.10 |
About Hindustan Tin Works Ltd Hindustan Tin Works Ltd(HTWL),( One of the ten fastest growing companies in India, Economic Times) a premier Indian CAN manufacturer producing a wide range of CANS and quality packing solutions to Dairy Products, Edible Oils, Tea, Coffee, Motor Oils, Medicines, Pesticides, Chemical and Paint Industries, HTWL is one of the leading manufacturers of lithographed metal containers as well.
Tin Cans or "Green Cans" as they are called are the most environment-friendly alternative to other forms of packing because of their recyclable quality. HTWL takes a leading role in ensuring proper environment responsibility by offering fully recyclable Green Cans that adhere to internationally accepted standards.
HTWL is the first company in India which conceptualized & started the 2 piece cans business in India in 2005.
HTWL has won the Cannex’ 96, 97, 98, 03 awards under the three-piece cans category. It has also managed to bag various corporate awards like Asia CanTech 2009, Bangkok; TPC, 2009 Mumbai; Hindustan Tin Works wins Asia Can Tech 2008 & 2007 Food Award, Award for export excellence of the northern region in year 2005-2006, EEPC 07-08 & EEPC 08-09 star performer silver award and India Star 2010 Reebok slip lid can award for excellence in packaging in India. HTWL also wins prestigious IMDA, USA award for best category in food for Nestle milo and general line for Foster Clarks. HTW has also won Environment Initiative of the Year 2010 award at the IND SPIRIT 2010 Ambrosia awards etc.
