Hindustan Tin Works Q2 net profit totals INR 2 crore

Thursday, 05 Nov 2009

Hindustan Tin Works Limited announced its financial results for the Q2, ending September 30th 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 INR 584.4 million in this quarter as a result the net profit after tax has increased to INR 22.2 million as against INR 15.4 million of the corresponding period of 2008 i.e. an increase of 45%. The EPS is also increased by 45% during the same period.

The company has achieved total revenue of INR 152 crores during 6 months ending September 30th 2009 which is 24% increase over the corresponding period of 2008 and the profit before tax for the same period has increased to INR 79.9 million from INR 61.1 million of the corresponding 6 months of 2009 i.e. an increase of 31%.

Mr Sanjay Bhatia MD of Hindustan Tin Works said that "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."