PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: AIM HIGH Consulting

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Manjushree Technopack Ltd Announces Annual Results 2011-2012 - Manjushree Technopack Ltd, leaders in rigid plastic packaging in the country, today announced their annual results for financial year ending March 31, 2012
Manjushree Technopack Ltd Announces Annual Results 2011-2012

 

NewswireToday - /newswire/ - Bangalore, Karnataka, India, 2012/05/22 - Manjushree Technopack Ltd, leaders in rigid plastic packaging in the country, today announced their annual results for financial year ending March 31, 2012.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Manjushree Technopack crosses Rs 300 crore mark Closes FY 2011-12 with a turnover of Rs. 310 crore Registers a growth of more than 30% in PAT for fifth year in a row.

Highlights for the year ending March 31, 2012:
• Net Sales increased by 43% from Rs. 21,618 Lacs in the previous year to Rs. 30,978 Lacs this year.
• PAT (Profit after Tax) rose by 39% from Rs 1,479 Lacs to Rs. 2,050 Lacs
• PAT for the 4th quarter rose by 82% from Rs. 361 Lacs to Rs. 656 lacs
• Exports of PET Preforms doubled over the previous year; further expected to grow by 100% this year.
• Total capacity now stands at 50,000 MTPA, the largest convertor of PET in the country.
• New manufacturing facility in Bangalore expected to be operational by October 2012.
• Sets up 3 MW Wind Power Plant in Belgaum, Karnataka.

The company has crossed an impressive Rs. 300 crore mark this year and has registered steady growth across all key performance indicators like sales turnover, PBT and PAT.

Key performance indicators for FY 2011-2012 are as follows (Figures in brackets represent the financial performance in the previous year):

• Turnover of Rs. 30,978 Lacs ( Rs. 21,618 Lacs) – Increase of 43%
• PBT of Rs. 3,033 Lacs (Rs. 2,260 Lacs) – Increase of 34%
• PAT of Rs. 2,050 Lacs (Rs. 1,479 Lacs) – Increase of 39%

Key performance indicators for the fourth quarter are as follows (Figures in brackets represent the financial performance in the same quarter in the previous year):
• Turnover of Rs. 8,759 Lacs (Rs. 6,736 Lacs) – Increase by 30%
• PBT of Rs. 982 Lacs (Rs. 550 Lacs) – Increase by 78%
• PAT of Rs. 656 Lacs (Rs. 361 Lacs) – Increase by 82%

The Board met on Monday, 21st May, 2012 to review and confirm the audited financial results for the year ending 31st March 2012. The basic / diluted EPS stood at Rs. 15.14, a significant increase from previous year’s Rs. 10.92. The Board also proposed a 10% dividend for the share holders.

Announcing the results, Mr. Vimal Kedia, Managing Director, Manjushree Technopack Ltd, said “This year has seen us reach greater heights and the Rs 300 crore turnover is a significant landmark for us. It is only a year ago that we crossed Rs. 200 crores. We also witnessed a 100% increase in our exports last year and we expect it to double this year as well, with huge demand for PET Preforms from countries like USA, South and West Africa and Thailand. Our strong focus on innovation has seen us introduce new designs like the short-neck preforms, and we expect significant demand, particularly from the beverages segment, for such designs. We hope to close the next year at over Rs 400 crore.”

Some of the leading brands that Manjushree works with include Coca Cola, Pepsi, Bisleri, Cadburys, Unilever, GSK and P&G among many others. This year also had the company adding new clients, like United Spirits Limited and Reckitt Benckiser, Bacardi, Diageo and Big Cola for PET containers and Preforms.

The current capacity of Manjushree Technopack stands at 50,000 MTPA (largest in the country). This is expected to grow to 1,00, 000 MTPA by 2015, with the commissioning of new plants in Bangalore, being set up at an investment of Rs. 150 crore. The company also recently set up a 3 MW wind power plant at Belgaum, Karnataka, as part of its plans to gain energy security. While a set amount of the harnessed power will be used internally, Manjushree also plans to distribute the power to the state electricity supply companies. The company further plans to expand its generation capacity to 20 MW in the next 3 yrs. Manjushree also expects to earn carbon credits from this investment.

About Manjushree Technopack Ltd:

Bangalore based plastic packaging major, Manjushree Technopack Ltd (manjushreeindia.com), is a public limited company (listed on BSE and NSE), with over 25 years of packaging experience. Involved in the manufacture of specialty plastic packaging products for domestic /export markets, it caters to the needs of leading companies in FMCG, Pharma and Food & Beverages sectors.

Established in 1984, Manjushree has built expertise in all kinds of rigid plastic packaging solutions, including – PET, PP, Multilayer-barrier containers and PET Preforms that utilize European, Japanese and Canadian technologies. In the last year, it has commissioned two more state of the art Husky System for PET Preforms and four ASB blow moulding machines to manufacture PET bottles for the beverage and bottled water industry.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: AIM HIGH Consulting

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Manufacturing/Robotics articles,
CATCH Visitors via Your Competitors Announcements!


Manjushree Technopack Ltd Announces Annual Results 2011-2012

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Sukhi Raghunath - AIMHIGHIndia.com 
+91 40 40168439 sukhi[.]aimhighindia.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any AIM HIGH Consulting securities in any jurisdiction including any other companies listed or named in this release.

Manufacturing/Robotics via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From AIM HIGH Consulting / Company Profile


Read Manufacturing/Robotics Most Recent Related Newswires:

Borealis and Asmidal Sign Memorandum of Understanding to Jointly Evaluate Opportunities for Melamine Production in Algeria
Tripp Lite Introduces A New Series of Pre-assembled 40 Gb to 10 Gb Breakout Fiber Patch Panels
SCHOTT’s New Ultra-Thin Glass is the Thinnest, Toughest, Most Eco-Friendly Glass for Consumer Electronics
Hexagon Manufacturing Intelligence Supplies PTB with Leitz PMM-G
Atlas Copco Completes Acquisition of Chinese Self-pierce Riveting Solutions Business
SCHOTT Introduces Superior X-ray Imaging with SCHOTT’s Fiber Optic Faceplates and BOROFLOAT® Glass
PPG Wins Big At 2016 SEMA Show PPG-painted Cars, Trucks Capture Major Awards
Tripp Lite’s Breakthrough 3-Phase Rack ATS PDUs Granted U.S. Patent
Nexans Launches PVC-free MOTIONLINE® HALEX Automation Cables
Volkswagen and BASF Present 'Science Award Electrochemistry' to Dr. William Chueh from Stanford University, California
ITT's Cannon Brand to Introduce Versatile Modular Connector Interface for Heavy Equipment At Bauma China 2016
BASF to Divest Inorganic Specialties Business
PPG Coatings Systems Selected by Airbus for A350-1000 Launch Aircraft
Frost & Sullivan Acclaims Huawei’s Rise to Eminence in the Global Modular UPS Market
BASF Plans A Stepwise Capacity Increase of its North American MDI Production

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Triggr & Bloom

Visit  BizJobs.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)