Press Release of HTW’s Q3 results
Filed Under: Business, Opinion | Posted: 02/18/2013 at 2:30AM
Comments | Region: India
Hindustan Tin Works Ltd announces un-audited results for Third Quarter (Q3) 2012-13
- EXPORTS ñ by 47.4%
- NET SALES ñ by 32.7%
- PAT ñ by 45.6%
New Delhi, 18th February, 2013:
India’s one of the leading can manufacturer producing a wide range of CANS and providing quality packaging solutions, Hindustan Tin Works Ltd, a recognized star exporter reported its quarterly profit & revenue numbers with a 45.6 % jump in the net profit after tax for the quarter ended 31st December 2012.
While the company saw its net sales crossed 61.4 cr. for 3rd Quarter, as compared to 46.3 cr. of the corresponding period last year thereby showing an increase of 32.7%. This is the highest sale in 3rd quarter in the history of HTW.
The Profit after Tax stood at 1.18 cr. as compared to 0.81 cr. in the corresponding quarter of the previous year thereby showing 45.6% increase. Earnings per share stood at 1.13 as compared to 0.78 in the corresponding quarter of the previous year thereby showing an increase of 45.6 %.
The numbers for ending nine months are also encouraging. PAT stood at 5.69 cr. as compared to 5.01 cr. thereby showing an increase of 13.6 %.
Earnings per share stood at 5.47 as against 4.82 of corresponding nine months of the last year showing an increase of 13.6%.
Mr Sanjay Bhatia, Managing Director, Hindustan Tin Works Ltd said “We are happy that inspite of the tough market conditions, we have seen positive trends in the companies financial performance – Increase of 45.6% in PAT/EPS, 47.4% growth in exports and 32.7% growth in net sales. ”
Qtr ended Dec 31st, 2012
Qtr ended Dec 31st , 2011
Nine Months ended Dec 31st, 2012
Nine Months ended Dec 31st, 2011
Profit after tax
Earnings per share in Rupees (face value 10/-)
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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 and 2012 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, 09-10 and 10-11 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, India star award, 2012 for zarda pan masala can with metal overcap with dimples, award received for oreo can at “mondelez India supplier summit” (cadbury) etc.
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