New Delhi, Feb 18 IBNS | 6 months ago

Leading can manufacturer Hindustan Tin Works Ltd reported its quarterly profit and revenue numbers with a 67.2% jump in the net profit before tax for the quarter ended 31st December 2013.


While the company saw its net sales crossed 79.69 cr. for 3rd Quarter, as compared to 61.40 cr. of the corresponding period last year thereby showing an increase of 29.8%. This is the highest ever net sale in 3rd quarter so far.

Similarly manufacturing sales crossed 57.68 cr. for 3rd Quarter, as compared to 45.53 cr. of the corresponding period last year thereby showing an increase of 26.7%. This is the highest ever manufacturing sale in 3rd quarter so far.

Similarly export sales crossed 17.52 cr. for 3rd Quarter, as compared to 14.18 cr. of the corresponding period last year thereby showing an increase of 23.6%. This is the highest ever export sale in 3rd quarter so far.

The Profit before Tax stood at 2.83 cr. as compared to 1.69 cr. in the corresponding quarter of the previous year thereby showing 67.2% increase.

The Profit after Tax stood at 1.50 cr. as compared to 1.18 cr. in the corresponding quarter of the previous year thereby showing 27.0% increase. Earnings per share stood at 1.44 as compared to 1.13 in the corresponding quarter of the previous year thereby showing an increase of 27.0%.

The numbers for ending nine months are also encouraging. Net Sales stood at 242.43 cr. as compared to 211.67 cr. thereby showing an increase of 14.5 %. Export Sales stood at 53.49 cr. as compared to 36.23 cr. thereby showing an increase of 47.6%. This is the highest ever Export sale in nine months so far.

PAT stood at 6.22 cr. as compared to 5.69 cr. thereby showing an increase of 9.2%. Earnings per share stood at 5.98 as against 5.47 of corresponding nine months of the last year showing an increase of 9.2%.

Sanjay Bhatia, Managing Director, Hindustan Tin Works Ltd, said: "We are indeed happy that inspite of adverse economic scenario, we have been able to achieve highest ever sales in Q3 in the current quarter and in nine months which could happen mainly due to addition of new products, markets and capex targeting specific products."

(Posted on 18-02-2014)