Hindustan Tin Works Announces Q2 results
The company has achieved a sale of Rs. 5844 lakh in this quarter; as a result, the net profit after tax has increased to Rs. 222 lakh as against Rs. 154 lakh of the corresponding period of last year
Tweet-- Hindustan Tin Works Limited (HTW), one of the leading company in the metal container Industry, announces its financial results for the 2nd quarter, ending 30th September, 2009.
In the quarter the exports have increased by 29% as compared to the corresponding quarter of the previous year. The company has achieved a sale of Rs. 5844 lakh in this quarter; as a result, the net profit after tax has increased to Rs. 222 lakh as against Rs. 154 lakh of the corresponding period of last year i.e. an increase of 45%. The EPS is also increased by 45% during the same period.
The company has achieved total revenue of Rs. 152 crores during six months ending 30th September, 2009 which is 24% increase over the corresponding period of the last year and the profit before tax for the same period has increased to Rs. 799 lakh from Rs. 611 lakh of the corresponding six months of the last year i.e. an increase of 31%.
According to Sanjay Bhatia, Managing Director, Hindustan Tin Works, “We are extremely happy with the performance of the company so far. HTW hopes to continue with the growth path in the rest of the year. Also keeping in mind the excellent response from the customers HTW is seriously considering capitalizing the growth opportunities, in order to meet the market demand and serve customers in a more cost effective manner.”
Notes to Editor
Hindustan Tin Works (HTW) is one of the leading companies in the metal container industry. For five decades, the company has been meeting the packaging requirements for a host of products, many of them are now brand leaders. HTW cans, finds its way into many Indian homes and industries with an array of baby products, to processed food, coffee, dairy products, paints, lubricants, pesticides etc.
Some of the business partners of the product (cans) are Nestle, Tata Coffee, Asian Paints, Wockhardt and Reckitt Benckiser and much more.
HT Cans or “Green Cans” as it is called, produced by Hindustan Tin Works are the No. 1 Packaging choice today. User-friendly and recyclable, they are environmental friendly. Hindustan Tin Works is the largest manufacturers of lithographed metal containers equipped with the most sophisticated machinery from UK, Switzerland, Germany, USA, Taiwan, Italy and Japan.