BWI: Astral Poly Technik Delivers Robust Topline and PBT Growth of 41% and 34% Respectively in Q-1

Press release from Business Wire India
Source: Astral Polytechnik Limited
Monday, August 05, 2013 06:45 PM IST (01:15 PM GMT)
Editors: General: Economy, People; Business: Banking & financial services, Business services, Chemicals, Financial Analyst, Stock exchanges
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Astral Poly Technik Delivers Robust Topline and PBT Growth of 41% and 34% Respectively in Q-1


Ahmedabad, Gujarat, India, Monday, August 05, 2013 -- (Business Wire India) -- Astral Poly Technik Ltd., leaders in manufacturing of CPVC pipes & fittings announced the financial results for the Quarter ended on 30th June, 2013.

Overview of Q1 FY 2013-14 v/s Q1 FY 2012-13

-- Company's sales from operations increased by 41% to Rs. 2,158.9 Mn for the FY 2013-14 (Q-1) as against Rs. 1,526.1 Mn in FY 2012-13 (Q-1)

-- Profit Before Tax (PBT) has increased by 34% to Rs. 159.5 Mn for FY 2013-14 (Q-1) as against Rs. 119.3 Mn in FY 2012-13 (Q-1)

-- Cash Profit has increased by 21% to Rs. 167.5 Mn for FY 2013-14 (Q-1) as against Rs. 138.4 Mn in FY 2012-13 (Q-1)

-- Profit After Tax (PAT) has increased by 25% to Rs. 118.9 Mn for FY 2013-14(Q-1)as against Rs. 95.5 Mn in FY 2012-13 (Q-1)

-- The Company has delivered an Earning per Share (EPS) of Rs. 5.29 for the current quarter (On Rs.5 Paid up Shares).

As usual, this quarter also company is able to maintain 40% plus growth in topline and similarly company was able to proportionately increase the PBT by 34%.

During the quarter Q-1 the unrealized loss on account of foreign currency borrowings is Rs. 158.52 Mn as against the last year Q-1 loss was Rs. 123.53 Mn.

During the quarter under review Q-1 company was able to utilize its capacity to the tune of 13,122 M.T. as against the last year Q-1 10,789 M.T.

The Upcoming Hosur plant of Company is at the advance stage of Completion. Company is planning to Commence Commercial Production in Q-3.

During the Quarter, the Company has increased its stake in Kenya JV from 31.90% to 37.50%.

On 2nd August 2013 our managing director Mr. Sandeep Engineer received "AMA-Atlas Dyechem Outstanding Entrepreneur (2012)" Award from Dr. C. Rangarajan, Chairmen, Economic Advisory Council to the Prime Minister at the function organized at Ahmedabad Management Association, Ahmedabad.

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, 079-66212000, hiranand@astralcpvc.com

KEYWORDS
ECONOMY, PEOPLE, BANKING, BUSINESS SERVICES, CHEMICALS, Financial Analyst, STOCK EXCHANGES

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