- Crosses 100 crore sales in Q1 for the first time
- Revenues of exports increased by 281%
- Board recommends a dividend of 19% to its shareholders for the financial year 2009-10
Hindustan Tin Works Ltd [HTWL] [BSE Code: 530315], the largest Indian CAN manufacturer producing a wide range of CANS and providing quality packing solutions has posted remarkable results by crossing a 100 crore mark in their sales in the very first quarter of the financial year FY10-11
The company’s PBT stood at Rs. 6.03 crore and is up by 17% as compared to the corresponding quarter of the last year.
HTWL has also shown an incredible increment in their exports by posting a 281% rise than the corresponding quarter of the last year. Q1 quarter ended June 30, 2010 exports stood at Rs. 18.51 Crs as compared to Rs. 4.86 crs in the corresponding quarter of the last year.
Earnings per share stood at Rs. 4.17 as against Rs. 3.78 of previous year quarter ended June 30, 2010.
The board of HTWL recommended an additional dividend of 9% to its shareholders in addition to the previous interim divided of 10%, making it a total of 19% for the financial year 2009 – 2010.
Mr. Sanjay Bhatia MD, Hindustan Tin Works Limited said, “We are extremely delighted with the sales crossing a 100 crore mark in the very first quarter of FY11. These figures show an optimistic beginning with a 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.”
About Hindustan Tin Works Limited
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 largest 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 etc.
