Hindustan Tin Works Reports Q1 Revenue Growth, Sets AGM Date
Hindustan Tin Works Limited reported a 18.24% increase in Q1 revenue to Rs 11,937.32 lakhs, despite a 19.85% decrease in net profit to Rs 275.61 lakhs. The manufacturing segment remained the primary revenue driver, while the trading segment reported a small loss. The company's domestic market contributed significantly to both revenue and profitability. The Annual General Meeting is scheduled for September 26, with share transfer books closing from September 20 to 26 for potential dividend distribution.
*this image is generated using AI for illustrative purposes only.
Hindustan Tin Works Limited , a prominent player in the manufacturing and trading segments, has released its unaudited financial results for the first quarter, showcasing a notable increase in revenue despite a slight dip in profitability.
Financial Performance
The company reported a robust growth in revenue from operations, which stood at Rs 11,937.32 lakhs for Q1, marking an 18.24% increase from Rs 10,095.42 lakhs in the previous quarter. This significant jump in revenue underscores the company's strong market position and effective sales strategies.
However, the net profit for the quarter saw a slight decrease:
| Metric | Q1 | Q4 | Change |
|---|---|---|---|
| Net Profit (Rs lakhs) | 275.61 | 343.87 | -19.85% |
| Earnings per Share (Rs) | 2.53 | 3.05 | -17.05% |
Segment Performance
Hindustan Tin Works operates in both manufacturing and trading segments, with a presence in domestic and export markets. The manufacturing segment continued to be the primary revenue driver:
| Segment | Revenue (Rs lakhs) | Profit before Interest & Tax (Rs lakhs) |
|---|---|---|
| Manufacturing | 11,917.84 | 561.76 |
| Trading | 19.48 | (17.08) |
The manufacturing segment showed strong performance, while the trading segment reported a small loss.
Geographical Performance
The company's revenue distribution across domestic and export markets was as follows:
| Market | Revenue (Rs lakhs) | Profit before Interest & Tax (Rs lakhs) |
|---|---|---|
| Domestic | 9,728.60 | 304.36 |
| Export | 2,208.72 | 240.32 |
This breakdown indicates a healthy mix of domestic and international business, with the domestic market contributing significantly to both revenue and profitability.
Annual General Meeting and Dividend
The Board of Directors has set the date for the Annual General Meeting (AGM) on September 26. In preparation for potential dividend distribution, the company has approved the closure of share transfer books from September 20 to September 26 (both days inclusive).
Auditor's Review
Mukesh Raj & Co., the company's statutory auditors, conducted a limited review of the financial results. They reported that nothing has come to their attention that causes them to believe that the financial results do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices and policies.
Hindustan Tin Works Limited continues to demonstrate resilience in its operations, with strong revenue growth offsetting the slight decrease in profitability. Investors and stakeholders will be keenly watching the company's performance in the coming quarters and any strategic decisions announced at the upcoming AGM.
Historical Stock Returns for Hindustan Tin Works
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.48% | +0.55% | +0.90% | -1.25% | -32.82% | +241.97% |
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