Manjushree Technopack Ltd

CORPORATE/RESULTS

Manjushree Technopack announces 

FY14 , Q1 results

Net Sales: Rs. 12,215 lacs (Last year Rs. 9296 lacs)

Profit Before Tax (PBT): Rs. 1,505 lacs (Last year Rs.1059 lacs)

Profit After Tax: Rs.913 lacs (last year Rs.714 lacs)

Earning per Share (EPS): Rs. 6.74 (last year 5.27)

 EBITDA Rs.3028 lacs (last year Rs.2220 lacs)

Packaging major Manjushree Technopack Ltd, today announced the financial results for the quarter ended June 30, 2013. The revenue for the period stood at Rs 12,215 Lacs, while Profit before Tax (PBT) stood at Rs 1505 Lacs and Profit after Tax (PAT) stood at Rs 913 Lacs. The EBITDA grew at 3028 lacs In comparison to last year’s first quarter, the sales this quarter went up by 31%, Profit before Tax (PBT) grew by 42% and Profit after Tax (PAT) grew by 28%. The fully diluted EPS for the quarter was Rs. 6.74 as against Rs. 5.27 last year.

The board met on, August 12th 2013, to adopt the un-audited financial results.

Announcing the results, Mr. Vimal Kedia, Managing Director, said, “As part of our growth strategy, in recent months we have made significant inroads into the dairy and edible oil industry.

We have also seen increasing demand and need for PET packaging in the pharma and personal care segment. Consistent growth across all verticals combined with operational efficiencies has contributed to our healthy financials for several years now. We look forward to keeping up the good work in the coming quarters”.

Manjushree Technopack is the largest convertor of PET in the country, with a capacity equal to 10% of the total PET consumption in India. Manjushree’s latest manufacturing unit in Bidadi set up at an investment of Rs. 150 crore has boosted its current capacity to 80,000 MTPA. The new

Bidadi Plant is dedicated to manufacturing PET performs and is located in the Bidadi Industrial Area, Bangalore in a 15 acre campus. It is a ‘LEEDS CERTIFIED GREEN MANUFACTURING PLANT’ with all the possible automation and modernization. Also, under construction is a Greenfield project in Harohalli Industrial Area, Bangalore.

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 saw the company adding new clients, like United Spirits Limited, Reckitt Benckiser, Bacardi, Diageo  and Big Cola.

About Manjushree Technopack Ltd:

Bangalore based plastic packaging major, Manjushree Technopack Ltd., is a limited company (listed on BSE and NSE), with over 30 years of packaging experience. Manjushree closed 2012 - 2013 with a turnover of Rs. 361 crore. 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.