BWI: Astral Poly Technik Deliver Robust topline & PAT Growth of 36% and 30% respectively in Q-2

Press release from Business Wire India
Source: Astral Polytechnik Limited
Saturday, November 05, 2011 05:00 PM IST (11:30 AM GMT)
Editors: General: Consumer interest, Economy; Business: Banking & financial services, Business services, Construction, Financial Analyst, Real estate, Stock exchanges
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Astral Poly Technik Deliver Robust topline & PAT Growth of 36% and 30% respectively in Q-2


Ahmedabad, Gujarat, India, Saturday, November 05, 2011 -- (Business Wire India) -- Astral Poly Technik Ltd., leaders in manufacturing of CPVC pipes & fittings announced the financial results for the Quarter ended on 30th September, 2011.

Overview of Q2 FY 2011-12 v/s Q2 FY 2010-11

-- Company's sales from operations increased by 36%, to Rs.135.81 Crore for the FY 2011-12 (Q-2) as against Rs. 99.60 Crore in FY 2010-11 (Q-2).

-- EBITA has increased by 19% to Rs. 16.38 Crore for FY 2011-12 (Q-2) as against Rs. 13.72 Crore in FY 2010-11 (Q-2).

-- PBT has increased by 26% to Rs. 11.29 Crore for FY 2011-12 (Q-2) as against Rs. 8.95 Crore in FY 2010-11 (Q-2).

-- Cash Profit has increased by 27% to Rs. 12.02 Crore for FY 2011-12 (Q-2) as against Rs. 9.44 Crore in FY 2010-11 (Q-2).

-- Profit After Tax (PAT) has increased by 30% to Rs. 8.85 Crore for FY 2011-12(Q-2) as against Rs. 6.82 Crore in FY 2010-11 (Q-2).
-- The Company has delivered an Earning per Share (EPS) of Rs. 3.94 for the current quarter (On Rs.5 Paid up Shares).

As usual, this quarter also company is able to maintain 36% plus growth in topline and similarly company was able to increase the PAT by 30%. .

During the quarter Q-2 the unrealized loss is Rs. 787.67 Lacs as against the last year Q-2 gain was Rs. 272.25 Lacs on the outstanding ECB & FCNR loans. This was mainly because of sudden depreciation of rupee by more than 10% in last quarter. As per the policy of company these effects will be given in the books of account at the year end only.

During the quarter under review Q-2 company was able to utilize its capacity to the tune of 9,822 M.T. as against the last year Q-2 6,618 M.T. Hence the effective capacity utilization in Q-2 is 81%.

Company's expansion work at Dholka is delayed for some time and now we are ready with the plant and installation of machineries will start in November and will commence commercial production by December -2011.

To view the Quarterly results, please click on the link given below:

Quarterly financial results

http://www.astralcpvc.com/investorrelation.aspx


CONTACT DETAILS
Mr. Hiranand Savlani, Chief Financial Officer, Astral Polytechnik Limited, +91 (79) 66212000, hiranand@astralcpvc.com

KEYWORDS
CONSUMER, ECONOMY, BANKING, BUSINESS SERVICES, CONSTRUCTION, Financial Analyst, REAL ESTATE, STOCK EXCHANGES

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