Bangalore-based Manjushree Technopack Ltd, pioneers in rigid plastic packaging in the nation, declared their yearly results for fiscal year ending March 31, 2012.

The firm attained a striking Rs 300 crore mark in 2012 and has recorded steady growth crosswise all key performance indicators comprising sales income, PBT and PAT.

Key performance indicators for FY 2011-2012 are as follows (Figures in brackets represent the financial performance in the previous year):

Turnover of Rs. 30,978 Lacs ( Rs. 21,618 Lacs) – Increase of 43%

PBT of Rs. 3,033 Lacs (Rs. 2,260 Lacs) – Increase of 34%

PAT of Rs. 2,050 Lacs (Rs. 1,479 Lacs) – Increase of 39%

Key performance markers for the fourth quarterly period comprise:

Turnover of Rs. 8,759 Lacs (Rs. 6,736 Lacs) – Increase by 30%

PBT of Rs. 982 Lacs (Rs. 550 Lacs) – Increase by 78%

PAT of Rs. 656 Lacs (Rs. 361 Lacs) – Increase by 82%

The Board gathered on May 21, 2012 to appraise and confirm the audited financial outcomes for the year ending 31st March 2012.

The basic/diluted EPS remained at Rs. 15.14, a significant rise from 2011’s Rs 10.92.

The company’s directors also proposed a 10% dividend for the stockholders.

While declaring the outcomes, Mr. Vimal Kedia, Managing Director, Manjushree Technopack Ltd, stated, “This year has seen us reach greater heights and the Rs 300 crore turnover is a significant landmark for us. It is only a year ago that we crossed Rs. 200 crores. We also witnessed a 100% increase in our exports last year and we expect it to double this year as well, with huge demand for PET Preforms from countries like USA, South and West Africa and Thailand. Our strong focus on innovation has seen us introduce new designs like the short-neck preforms, and we expect significant demand, particularly from the beverages segment, for such designs. We hope to close the next year at over Rs 400 crore.”

A few of the top brands that Manjushree works with comprise Coca Cola, Pepsi, Bisleri, Cadburys, Unilever, GSK and P&G among many others.

This is likely to reach 1,00,000 MTPA by the year 2015, with the commissioning of novel facilities in Bangalore, being established at an investment of Rs 150 crore.