Manjushree Advanced Packaging Solutions has announced its annual results for the financial year ended March 31, 2022. Compared to the previous financial year, this year, the performance of the company was down. The net profit of the company declined by 23%, despite the growth in revenue. For the financial year ended March 31, 2022, the gross income of the company has jumped 40%, to Rs. 1473 crore, as against Rs. 1053 crore for the previous financial year. However, the revenue has also increased by almost the same ratio. The revenue increased 41%, to Rs. 1366 crore, as against Rs. 965 crore in FY21. The PBT of the company has reported a drop of 10%, to Rs. 101 crore, as against Rs. 112 crore in the previous financial year. The net profit of the company decreased by 23%, to Rs. 91 crore, as against Rs. 70 crore in the previous financial year. The board of directors recommended a dividend of Rs. 16.75 per equity share. The year began under the cloud of the second wave of the Covid-19 pandemic, which compelled the company to put the need and urgency of dynamic planning and implementation in the business into sharp focus. The tragic consequences of the Russia and Ukraine wars created havoc. All over the world, businesses and households are dealing with energy shortages, record prices, market volatility, supply chain disruption, and widespread inflation. Despite the uncertainties, the company posted a strong performance. During FY22, the company crossed two successive milestones by acquiring the B2B businesses of Pearl Polymers Limited and Classy Kontainers. On the acquisition of the business of CK, the company catered to the paint and specialty chemicals segment, which diversified the company's business mix and customer profile. The acquired businesses from CK have been well integrated into the business of the company and are delivering outstanding results. Manjushree Technopack Limited is one of the top players in the rigid plastic packaging space with 7 manufacturing plants, exports to more than 25 countries, 300+ patents and 35 years of extensive experience. The company serves multiple sectors, right from food products to dairy, liquor to agrochemicals, pharma, home care and personal care. https://unlistedzone.com/shares/buy-sell-share-price-manjushree-technopack-india-limited-unlisted-shares/