Manjushree Technopack reap healthy financial growth

Profit before tax (PBT) jumped by 25% year-on-year to Rs 37.81 crore and profit after tax (PAT) increased 18% to Rs 24.14 crore. The company which exports to the Middle-East, Thailand and Africa among others also witnessed 55% rise exports for the financial year ending 31 March 2013.While the company’s quarterly profits declined by 1.10% to Rs 6.48 crore from Rs 6.56 crore in the same quarter previous year.

Manjushree Technopack’s board of directors has recommended a dividend of one rupee per equity share. The dividend is subject to the approval of shareholders at their annual general meeting.

Vimal Kedia, managing director, Manjushree Technopack said, “This has been an important year in our 30 year history. The commissioning of the state-of-the-art production facility has greatly enhanced our capabilities, particularly in the rapidly growing PET perform segment. In addition to the significant increase in capacity, the level of automation that we have adopted in the new facility is also expected to improve efficiencies and reduce manpower costs.”

Manjushree Technopack’s clientele consists of major companies like Coca Cola, Pepsico, GSK, Nestle, Unilever, Pfizer, Delmonte, Tata Tea and Mondelez International. The company recently commissioned four preform manufacturing systems from Canada and four blow-moulding machines from ASB of Japan to manufacture PET bottles for the beverage and bottled water industry.