BWI: Astral Poly Technik Delivers Topline and PBT Growth of 22% and 46% Respectively in H1FY15

Source : Astral Polytechnik Limited Tuesday, October 28, 2014 9:58AM IST (4:28AM GMT)   Astral Poly Technik Delivers Topline and PBT Growth of 22% and 46% Respectively in H1FY15   Ahmedabad, Gujarat, India Astral Poly Technik Ltd., leaders in manufacturing of CPVC pipes & fittings announced the financial results for the Quarter/Half year ended on 30th September, 2014.   Overview of Q2 FY2014-15 v/s Q2 FY2013-14       Company’s sales from operations increased by 19% to Rs. 3,033.33 Mn as against Rs. 2,552.11 Mn in the same quarter previous year.      EBITDA has decreased by 8% to Rs. 365.42 Mn as against Rs. 398.22 Mn in the same quarter previous year.      PBT has increased by 17% to Rs. 238.99 Mn as against Rs. 204.50 Mn in the same quarter previous year.     Profit after Tax (PAT) has increased by 28% to Rs. 206.92 Mn as against Rs. 162.09 Mn in the same quarter previous year.     The Company has reported an Earning per Share (EPS) of Rs. 1.84 for the current quarter (On Rs.1/- Paid up Shares).   During the quarter under review the unrealized loss on account of foreign currency borrowings is Rs. 41.28 Mn as against the last year Q2 loss Rs. 24.99 Mn.   During the quarter under review company was able to utilize its capacity to the tune of 15,746 M.T. as against the last year Q2FY14 13,822 M.T. which shows a volume growth of 14%.   During the Quarter, your Company has acquired  80% controlling stake in UK based Company Seal It Services Limited., manufacturer of various type of  Adhesives & Sealants, for Rs 440 Mn (GBP 4.4 Mn).   Dholka unit (Gujarat) expansion work is going on in full swing.   Overview of H1 FY 2014-15 v/s H1 FY 2013-14    Company’s sales from operations increased by 22% to Rs. 5,738.93 Mn as against Rs. 4,708.86 Mn in the previous year first half.  EBITDA has increased by 13% to Rs. 754.28 Mn as against Rs. 666.99 Mn in the previous year first half.  PBT has increased by 46% to Rs. 531.83 Mn as against Rs. 364.00 Mn in the previous year first half.  Profit after Tax (PAT) has increased by 46% to Rs. 411.42 Mn as against Rs. 280.97 Mn in the previous year first half.    During H1FY15 the unrealized loss on account of foreign currency borrowings is Rs. 54.82 Mn as against Rs. 183.51 Mn in the previous year first half. During H1FY15 company was able to utilize its capacity to the tune of 31,881 M.T. as against26,945 M.T. in the previous year first half, which shows a volume growth of 18%.    Performance of subsidiaries/JV’s Co.   (Rs. In Mn)     Seal It Services Ltd. Advanced Adhesives Ltd. Astral Pipes Ltd* (Kenya) Sales H1 FY2014 591.17 97.25 96.58 Sales H1 FY2015 693.61 159.90 140.65 Growth % 17% 64% 46% Stake % 80% 85% 37.5% * 9 Months CY14. Astral Pipes Ltd, Kenya is a December year ending company.   Note: Financial Information relating to Seal It Services Ltd, Advanced Adhesives Ltd and Astral Pipes Ltd. are neither audited nor subjected to a limited review. They are as per the management accounts only. No investment decision should be made on the basis of such financial information.   To view the Quarterly results, please click on the link given below: Quarterly financial results http://www.astralcpvc.com/investorrelation.aspx   Media Contact Details Mr. Hiranand Savlani, Chief Financial Officer Astral Polytechnik Limited, ,+91 (79) 66212000 , hiranand@astralcpvc.com   KEYWORDS: Business/ Finance:Business Services, Financial Analyst & Investors, Heavy industries, Household & Personal Care Products & Services, Retailers, Stock Exchanges;General:Consumer interest, Economy   To ensure that you continue to receive email from Business Wire India in your inbox, please add businesswireindia.com to your Address Book or Safe List.   To submit a press release, click here. To unsubscribe or modify your Business Wire India settings, please visit your profile page on Business Wire India. Connect with us on: Facebook | Twitter | Google+

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