Manjushree records 128% growth in PAT

By 07 Feb 2013

Manjushree Technopack, the plastic packaging major, announced 128% growth in its Profit After Tax (PAT) in the financial results for the quarter ended December, 2012

The sales of the firm escalated by 24% and the fully diluted EPS for the quarter stood at Rs 4.30.
 
Vimal Kedia, managing director, at Manjushree said, “We are anticipating to close the year on a strong note. We have recorded growth and performance across all verticals and together with our efficiencies have contributed to the surge. We expect this to continue.” 
Manjushree’s new facility in Bengaluru, is the single largest PET preform manufacturing plant in South Asia. The firm proposes to up its production capacity to 80,000 MTPA by March’13, which is equal to 15% of the total PET consumption in India.
“The automation in the facility will help reduce manpower cost and improve efficiencies. This plant is also one of the very few LEED Platinum Certified green factories in India,” said Kedia.

Manjushree added leading brands like United Spirits Limited, Reckitt Benckiser, Bacardi, Diageo and Big Cola to its existing portfolio, which included Coca Cola, Pepsi, Bisleri, Cadburys, Unilever, GSK and P&G for PET bottles and PET preforms businesses.


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