BWI: Astral Poly Technik Delivers Robust Topline & EBITA Growth of 41% & 48% Respectively in Financial Year 2011-2012

Press release from Business Wire India
Source: Astral Polytechnik Limited
Tuesday, May 22, 2012 07:59 PM IST (02:29 PM 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 Delivers Robust Topline & EBITA Growth of 41% & 48% Respectively in Financial Year 2011-2012


Ahmedabad, Gujarat, India, Tuesday, May 22, 2012 -- (Business Wire India) -- Astral Poly Technik Ltd., leaders in manufacturing of CPVC pipes & fittings announced the financial results for the Quarter and year ended on 31st March, 2012.

Overview of Q4 FY 2011-12 v/s Q4 FY 2010-11

-- Company's sales from operations increased by 29% to Rs.182.84 Crore for the FY 2011-12 (Q-4) as against Rs. 141.69 Crore in FY 2010-11 (Q-4). (On full year basis Sales has increased by 41% from Rs. 410.82 Crore to Rs. 579.32 Crore).

-- EBITA has increased to Rs. 38.50 Crore for FY 2011-12 (Q-4) as against Rs. 19.38 Crore in FY 2010-11 (Q-4). (On full year basis EBITA has increased by 48% from Rs. 56.63 Crore to Rs. 83.73 Crore).

-- PBT has increased to Rs. 24.54 Crore for FY 2011-12 (Q-4) as against Rs. 16.33 Crore in FY 2010-11 (Q-4) (On full year basis PBT has increased by 19% from Rs. 42.19 Crore to Rs. 50.37 Crore).

-- Profit After Tax (PAT) has increased to Rs. 19.28 Crore for FY 2011-12(Q-4) as against Rs. 13.02 Crore in FY 2010-11 (Q-4) (On full year basis PAT has increased by 18% from Rs. 33.59 Crore to Rs.39.75 Crore).

-- The Company has delivered an Earning per Share (EPS) of Rs. 8.58 for the current quarter (On Rs.5/- Paid up Shares). (On a full year basis company has delivered an EPS of Rs.17.69 an increase of 18% )

As usual, the company has been able to maintain its annual growth momentum and delivered a topline growth of 41%. Similarly company was able to improve the operating profit ( EBITA ) to 48% compared to last year. . During the current quarter EBITA has increased to 21.06% compared to the last quarter (Q-3) 10.21%. The increase was mainly because of the upward price revision taken by company in last quarter due to depreciation of rupee in Q-3 and Rupee appreciated in Q-4 which has given significant rise in operating profit.

On a full year basis company is able to maintain its 40% + CAGR topline growth which company is maintaining since last eight years.

During the year under review company has increased its production capacity to 65,496 M.T. from 48,432 M.T. (An increase of 35%). To complete the said expansion company has incurred capital expenditure of Rs. 68 Crore (Including Bendable Pipe Machine). The company has commenced the commercial Production of bendable pipe first time in the world with the technical support of Lubrizol's during the month of May-2012 with capacity 1,100 M.T. hence the Total Capacity will be 66,596 M.T.

During the year company has utilized its capacity to the tune of 38,824 M.T. as against the last year 28,289 M.T. which shows a growth of 37%. During the last quarter company has utilized capacity to the tune of 11,698 M.T.

During the year the company has booked the Foreign Exchange loss of Rs. 15.43 Crore on its borrowing on account of depreciation of rupee.

The Company has not exercised the option for capitalization or amortization of exchange differences on long term foreign currency monetary items as provided by notification issued by the Ministry of Corporate Affairs.

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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