{"id":207324,"date":"2026-08-17T14:51:19","date_gmt":"2026-08-17T09:21:19","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=207324"},"modified":"2026-08-17T14:51:21","modified_gmt":"2026-08-17T09:21:21","slug":"hind-tin-works-q1-fy27-results-pat-3-crore","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/hind-tin-works-q1-fy27-results-pat-3-crore\/","title":{"rendered":"Hind Tin Works Q1 FY27 Results: Revenue Grows 6% to Rs 126 Crore, PAT Rises 38% to Rs 3 Crore"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>Hind Tin Works Q1 FY27: Revenue Rs 126 Cr (+5.64% YoY). PAT Rs 3 Cr (+38.41%). Gross profit Rs 6 Cr vs Rs 5 Cr (+19.77%). Standalone. CMP Rs 105.05 on Aug 13, 2026.<\/em><\/p>\n<div style=\"background: #F0F9FF; border-left: 4px solid #2E7D32; border-radius: 6px; padding: 14px 18px; margin: 18px 0;\">\n<p style=\"margin: 0; color: #1f4e79; font-size: 14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin: 8px 0 0;\">Hind Tin Works Q1 FY27 results showed standalone revenue growing 5.64% to Rs 126 crore and PAT surging 38.41% to Rs 3 crore on 19.77% gross profit growth \u2014 strong operating leverage in metal tin container manufacturing.<\/p>\n<\/div>\n<p><a href=\"https:\/\/univest.in\/stocks\/hindtin\/hindustan-tin-works-ltd-share-price-today\">Hind Tin Works<\/a> Q1 FY27 results showed the standalone tin container and metal packaging manufacturer posting Rs 126 crore revenue, up 5.64% from Rs 119 crore in Q1 FY26. The company, which supplies metal tins to FMCG, edible oil, and industrial lubricant customers, delivered both volume growth and margin improvement.<\/p>\n<p>The Hind Tin Works Q1 FY27 results showed gross profit growing 19.77% to Rs 6 crore from Rs 5 crore on 6% higher revenue \u2014 gross margin improving from 4.2% to 4.8%. PAT rising 38.41% to Rs 3 crore demonstrates significant operating leverage, with the incremental gross profit flowing efficiently to the bottom line.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=hind-tin-works-q1fy27\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/hind-tin-works-q1-fy27-results-pat-3-crore\/#Hind_Tin_Works_Q1_FY27_Financial_Highlights\" title=\"Hind Tin Works Q1 FY27 Financial Highlights\">Hind Tin Works Q1 FY27 Financial Highlights<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/hind-tin-works-q1-fy27-results-pat-3-crore\/#Hind_Tin_Works_Q1_FY27_Performance_Analysis\" title=\"Hind Tin Works Q1 FY27 Performance Analysis\">Hind Tin Works Q1 FY27 Performance Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/hind-tin-works-q1-fy27-results-pat-3-crore\/#Key_Business_Factors_in_Q1_FY27\" title=\"Key Business Factors in Q1 FY27\">Key Business Factors in Q1 FY27<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/hind-tin-works-q1-fy27-results-pat-3-crore\/#FMCG_Packaging_Volume_Growth\" title=\"FMCG Packaging Volume Growth\">FMCG Packaging Volume Growth<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/hind-tin-works-q1-fy27-results-pat-3-crore\/#Tinplate_Cost_Management\" title=\"Tinplate Cost Management\">Tinplate Cost Management<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/hind-tin-works-q1-fy27-results-pat-3-crore\/#Operating_Leverage\" title=\"Operating Leverage\">Operating Leverage<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/hind-tin-works-q1-fy27-results-pat-3-crore\/#Dividend_Details\" title=\"Dividend Details\">Dividend Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/hind-tin-works-q1-fy27-results-pat-3-crore\/#FY27_Outlook\" title=\"FY27 Outlook\">FY27 Outlook<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/hind-tin-works-q1-fy27-results-pat-3-crore\/#Hind_Tin_Works_Stock_Performance\" title=\"Hind Tin Works Stock Performance\">Hind Tin Works Stock Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/hind-tin-works-q1-fy27-results-pat-3-crore\/#Key_Risks\" title=\"Key Risks\">Key Risks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/hind-tin-works-q1-fy27-results-pat-3-crore\/#Tinplate_Price_Inflation\" title=\"Tinplate Price Inflation\">Tinplate Price Inflation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/hind-tin-works-q1-fy27-results-pat-3-crore\/#FMCG_Customer_Bargaining_Power\" title=\"FMCG Customer Bargaining Power\">FMCG Customer Bargaining Power<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/hind-tin-works-q1-fy27-results-pat-3-crore\/#Alternative_Packaging_Competition\" title=\"Alternative Packaging Competition\">Alternative Packaging Competition<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/hind-tin-works-q1-fy27-results-pat-3-crore\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/hind-tin-works-q1-fy27-results-pat-3-crore\/#Frequently_Asked_Questions_on_Hind_Tin_Works_Q1_FY27_Results\" title=\"Frequently Asked Questions on Hind Tin Works Q1 FY27 Results\">Frequently Asked Questions on Hind Tin Works Q1 FY27 Results<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/hind-tin-works-q1-fy27-results-pat-3-crore\/#When_announced\" title=\"When announced?\">When announced?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/hind-tin-works-q1-fy27-results-pat-3-crore\/#Revenue\" title=\"Revenue?\">Revenue?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/hind-tin-works-q1-fy27-results-pat-3-crore\/#PAT\" title=\"PAT?\">PAT?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/hind-tin-works-q1-fy27-results-pat-3-crore\/#Why_did_PAT_grow_38_on_6_revenue\" title=\"Why did PAT grow 38% on 6% revenue?\">Why did PAT grow 38% on 6% revenue?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/hind-tin-works-q1-fy27-results-pat-3-crore\/#Dividend\" title=\"Dividend?\">Dividend?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/hind-tin-works-q1-fy27-results-pat-3-crore\/#Outlook\" title=\"Outlook?\">Outlook?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/hind-tin-works-q1-fy27-results-pat-3-crore\/#Investment\" title=\"Investment?\">Investment?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Hind_Tin_Works_Q1_FY27_Financial_Highlights\"><\/span><strong>Hind Tin Works Q1 FY27 Financial Highlights<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse: collapse; width: 100%; margin: 16px 0;\" border=\"1\" cellspacing=\"0\" cellpadding=\"6\">\n<thead style=\"background: #1F4E79; color: #ffffff;\">\n<tr>\n<th>Metric<\/th>\n<th>Q1 FY27 (Rs Crore)<\/th>\n<th>Q1 FY26 (Rs Crore)<\/th>\n<th>YoY Change<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Revenue<\/td>\n<td>126.00<\/td>\n<td>119.00<\/td>\n<td>+5.64%<\/td>\n<\/tr>\n<tr>\n<td>Gross Profit<\/td>\n<td>6.00<\/td>\n<td>5.00<\/td>\n<td>+19.77%<\/td>\n<\/tr>\n<tr>\n<td>Net Profit \/ PAT<\/td>\n<td>3.00<\/td>\n<td>2.00<\/td>\n<td>+38.41%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Hind_Tin_Works_Q1_FY27_Performance_Analysis\"><\/span><strong>Hind Tin Works Q1 FY27 Performance Analysis<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Use the Univest Screener to track Hind Tin Works live financials and Q1 FY27 results<\/strong><\/a><\/p>\n<p>Hind Tin Works Q1 FY27 results show a solid metal packaging quarter \u2014 revenue growing 6%, gross profit growing 20%, and PAT growing 38% through operating leverage. This is a high-quality earnings improvement profile.<\/p>\n<p>Gross margin improving from 4.2% to 4.8% in Q1 FY27 results reflects better tinplate procurement economics or an improved FMCG customer mix with slightly better can pricing.<\/p>\n<p>PAT at Rs 3 crore growing 38% on 6% revenue demonstrates the operating leverage of metal container manufacturing where fixed costs are covered efficiently at Rs 126 crore quarterly scale.<\/p>\n<p>The FMCG and industrial customer base provides stable demand \u2014 Hind Tin Works serves essential packaging needs that are non-discretionary for its customers.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Business_Factors_in_Q1_FY27\"><\/span><strong>Key Business Factors in Q1 FY27<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"FMCG_Packaging_Volume_Growth\"><\/span><strong>FMCG Packaging Volume Growth<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>6% revenue growth reflects steady FMCG and industrial demand for tin containers and metal packaging solutions.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Tinplate_Cost_Management\"><\/span><strong>Tinplate Cost Management<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Gross margin improving from 4.2% to 4.8% in Q1 FY27 reflects better raw tinplate procurement or favourable global steel market conditions.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Operating_Leverage\"><\/span><strong>Operating Leverage<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>38% PAT growth on 6% revenue growth demonstrates efficient fixed cost coverage at Rs 126 crore quarterly scale.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Dividend_Details\"><\/span><strong>Dividend Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Hind Tin Works has not declared a dividend for Q1 FY27. The company may consider dividends at the annual board meeting.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"FY27_Outlook\"><\/span><strong>FY27 Outlook<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The FY27 outlook is positive with FMCG packaging demand providing structural support. Festive season volume uplift in Q2-Q3 FY27 should further support revenue and margin improvement from Q1 FY27 results.<\/p>\n<p>Tinplate price trends are the key external variable for margin sustainability through FY27.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Hind_Tin_Works_Stock_Performance\"><\/span><strong>Hind Tin Works Stock Performance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Hind Tin Works share price live and stay updated on quarterly results.<\/em><\/p>\n<p>Hind Tin Works shares traded at Rs 105.05 on August 13, 2026, down 0.10%. Broadly stable reflecting solid Q1 FY27 results.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks\"><\/span><strong>Key Risks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Tinplate_Price_Inflation\"><\/span><strong>Tinplate Price Inflation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Steel market volatility can compress the currently improving gross margins rapidly.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"FMCG_Customer_Bargaining_Power\"><\/span><strong>FMCG Customer Bargaining Power<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Large FMCG companies have significant purchasing power that limits tin container price increases.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Alternative_Packaging_Competition\"><\/span><strong>Alternative Packaging Competition<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Flexible packaging and aluminium alternatives compete for FMCG packaging applications.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Hind Tin Works Q1 FY27 results show solid 6% revenue growth to Rs 126 crore alongside 38% PAT growth to Rs 3 crore through gross margin improvement and operating leverage \u2014 a strong quarter for the metal packaging company.<\/p>\n<p>Positive growth trajectory with stable FMCG demand. Consult a SEBI-registered advisor before investing.<\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_Hind_Tin_Works_Q1_FY27_Results\"><\/span><strong>Frequently Asked Questions on Hind Tin Works Q1 FY27 Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"When_announced\"><\/span><strong>When announced?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> August 13, 2026, standalone.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Revenue\"><\/span><strong>Revenue?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Rs 126 crore, up 5.64%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"PAT\"><\/span><strong>PAT?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Rs 3 crore, up 38.41%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_PAT_grow_38_on_6_revenue\"><\/span><strong>Why did PAT grow 38% on 6% revenue?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Gross profit growing 20% on 6% revenue combined with operating leverage at Rs 126 crore scale drove the outsized PAT improvement.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Dividend\"><\/span><strong>Dividend?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No dividend declared for Q1 FY27.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Outlook\"><\/span><strong>Outlook?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Positive with FMCG festive season demand. Monitor tinplate costs.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Investment\"><\/span><strong>Investment?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Solid metal packaging company with improving margins. Consult a SEBI-registered advisor.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hind Tin Works Q1 FY27 results showed standalone revenue growing 6% to Rs 126 crore and PAT rising 38% to Rs 3 crore as gross profit grew 20% and operating leverage delivered strong bottom-line improvement.<\/p>\n","protected":false},"author":28,"featured_media":207323,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[3802],"class_list":["post-207324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-news"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["207323"],"_edit_lock":["1786958484:28"],"_last_editor_used_jetpack":["block-editor"],"rank_math_primary_category":["24"],"rank_math_seo_score":["77"],"rank_math_title":["Hind Tin Works Q1 FY27 Results: Revenue Rs 126 Cr, PAT Up 38%"],"rank_math_description":["Hind Tin Works Q1 FY27 results: Revenue grew 6% to Rs 126 crore and PAT rose 38% to Rs 3 crore. 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