BWI: Astral Poly Technik Deliver EPS of Rs.10.44 and Post a Robust 215% Growth in PAT and 77% Growth in Top Line for Q-4

Press release from Business Wire India
Source: Astral Polytechnik Limited
Friday, May 21, 2010 09:29 PM IST (03:59 PM GMT)
Editors: General: Consumer interest, Economy; Business: Advertising, PR & marketing, Banking & financial services, Business services, Chemicals, Commodities & materials, Construction, Financial Analyst, Heavy industries, Major diversified industrial groups, Retailers
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Astral Poly Technik Deliver EPS of Rs.10.44 and Post a Robust 215% Growth in PAT and 77% Growth in Top Line for Q-4


Ahmedabad, Gujarat, India, Friday, May 21, 2010 -- (Business Wire India) -- Astral Poly Technik Ltd. Leaders in manufacturing of CPVC pipes & fitting announced their financial results for the Quarter ended on 31st March, 2010.

Overview of Q4 FY2010 v/s Q4 FY2009

. Company's sales from operations has increased by 77%, to Rs.102.08 Crore for the FY 2010 (Q-4) as against Rs.57.81 Crore in FY 2009 (Q-4).
. PBT has increased by 225% to Rs. 14.09 Crore for FY 2010 (Q-4) as against Rs. 4.34 Crore in FY 2009 (Q-4).
. Cash Profit has increased by 150% to Rs. 14.03 Crore for FY 2010 (Q-4) as against Rs. 5.61 Crore in FY 2009 (Q-4).
. Profit After Tax (PAT) has increased by 214% to Rs. 11.73 Crore for FY 2010 (Q-4) as against Rs. 3.73 Crore in FY 2009 (Q-4).
. EBITA has increased by 54% to Rs. 13.90 Crore FY 2010 (Q-4) as against Rs. 9.03 Crore in FY 2009 (Q-4).
. The Company has delivered an Earning Per Share (EPS) of Rs. 10.44 for the current quarter.

During the quarter company is able to increase the presence of its new products range into the various part of the country and due to that company is able to utilize its capacity more during the quarter.

During the last quarter company has increased its capacity from 25,968 MT p.a. to 30,867 MT p.a., Further the capacity utilization during the full year was 19,411 MT . During the last quarter the capacity utilization was 6,192 MT.

Company has maintained its growth momentum during the current year by growing more than 50% on an annualize basis and not only in topline but in bottom line also company has grown by 98% .

Since company is growing at Appx. 45% CAGR growth since last 6 years indirectly company is doubling its size every two years and this time company has proved that it can grow even at a higher base because of wide acceptability of CPVC in Indian Market for new construction as well as in replacement market and similar is the case for growth in the new products such as under ground pipes , SWR pipes and Foam Core Pipes.

To continue this growth momentum company has decided to further increase its capacity in the year 2010-11. Further considering this growth momentum of 45% CAGR and continuous addition in the capacity company has purchased a land at Dholka 40 Km from Ahmedabad having a size of 36,729 Sqr. Meter. Where company will come up with its expansion plan.

During the first quarter company is going to commercially launch the underground Chambers and Manholes in the Indian Market.

Our joint venture company in Kenya has already placed the orders for machineries and we are expecting the production to start by August-2010 in Nairobi.

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

http://www.astralcpvc.com/LinkFile/AstralAuditedFinRes_0910.pdf



CONTACT DETAILS
Mr. Hiranand Savlani, Chief Financial Officer, Astral Polytechnik Limited, +91 (79) 30112100, hiranand@astralcpvc.com

KEYWORDS
CONSUMER, ECONOMY, MARKETING, BANKING, BUSINESS SERVICES, CHEMICALS, COMMODITIES, CONSTRUCTION, Financial Analyst, HEAVY INDUSTRIES, GROUPS, RETAIL, ASTRAL.NS, ASTRAL.BO

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