BWI: Astral Poly Technik Maintain its Growth Momentum Post 23% Rise in Topline in Q-1

Press release from Business Wire India
Source: Astral Polytechnik Limited
Monday, July 27, 2009 11:00 PM IST (05:30 PM GMT)
Editors: General: Consumer interest, Economy; Business: Banking & financial services, Business services, Chemicals, Financial Analyst, Heavy industries, Household & personal care products & services, Retailers, Stock exchanges
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Astral Poly Technik Maintain its Growth Momentum Post 23% Rise in Topline in Q-1


Ahmedabad, Gujarat, India, Monday, July 27, 2009 -- (Business Wire India) -- Astral Poly Technik Ltd. Leaders in manufacturing of CPVC pipes & fitting announced their financial results for the Quarter ended on 30th June, 2009.

Overview of Q1 FY2010 v/s Q1 FY2009

-- Company's sales from operations has increased by 23%, to Rs.51.77 Crore for the FY 2010 as against Rs.42.03 Crore in FY 2009.
-- EBDITA has increased to Rs. 8.08 Crore for FY 2010 as against Rs. 6.72 Crore in FY 2009.
-- Cash Profit has increased to Rs. 8.08 Crore for FY 2010 as against Rs. 6.40 Crore in FY 2009.
-- Profit After Tax (PAT) decreased to Rs. 4.40 Crore for FY 2010 as against Rs. 4.70 Crore in FY 2009 is mainly due to effect of Interest & Depreciation.
-- The Company has delivered an Earning Per Share (EPS) of Rs. 3.91 for the current quarter.

Inspite of slowdown in the economy company is able to maintain its growth momentum and company can foresee a very good quarters coming forward.

Company has also launched its new products range as envisage in its expansion plan.

The net profit of the company has reduced compare to last year mainly because of increase in Depreciation & Interest on borrowed loan as company has just recently increased its capacity from 11800 MT to 25968 MT and company has provided depreciation fully on the entire capacity and company has incurred the interest expenses on such borrowed money .

However company is able to maintain its EBIDITA in First Quarter at 15.62% which was last year 15.98% in Q-1

Company has not accounted forex gain on its borrowing in foreign currency loan because company follow the practice of accounting the same by year end.

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

Quarterly financial results

http://www.astralcpvc.com/LinkFile/Results%20300609.pdf




CONTACT DETAILS
Mr. Hiranand Savlani, Chief Financial Officer, Astral Polytechnik Limited, +91 (079) 30112100, hiranand@astralcpvc.com

KEYWORDS
CONSUMER, ECONOMY, BANKING, BUSINESS SERVICES, CHEMICALS, Financial Analyst, HEAVY INDUSTRIES, HOUSEHOLD, RETAIL, STOCK EXCHANGES

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