BWI: Astral Poly Technik once again Deliver Robust Topline and EBITA Growth of 48% and 44% Respectively in Q-2

Press release from Business Wire India
Source: Astral Polytechnik Limited
Friday, November 09, 2012 08:10 PM IST (02:40 PM GMT)
Editors: General: Consumer interest, Economy; Business: Banking & financial services, Business services, Chemicals, Major diversified industrial groups, Stock exchanges
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Astral Poly Technik once again Deliver Robust Topline and EBITA Growth of 48% and 44% Respectively in Q-2


Ahmedabad, Gujarat, India, Friday, November 09, 2012 -- (Business Wire India) -- Astral Poly Technik Ltd., leaders in manufacturing of CPVC pipes & fittings announced the financial results for the Quarter ended on 30th September, 2012.

Overview of Q2 FY 2012-13 v/s Q2 FY 2011-12

-- Company's sales from operations increased by 48%, to Rs.200.96 Crore for the FY 2012-13 (Q-2) as against Rs. 136.08 Crore in FY 2011-12 (Q-2).
-- EBITA has increased by 44% to Rs. 23.91 Crore for FY 2012-13 (Q-2) as against Rs. 16.64 Crore in FY 2011-12 (Q-2).
-- PBT has increased by 12% to Rs. 12.69 Crore for FY 2012-13 (Q-2) as against Rs. 11.29 Crore in FY 2011-12 (Q-2).
-- Cash Profit has increased by 22% to Rs. 14.61 Crore for FY 2012-13 (Q-2) as against Rs. 12.02 Crore in FY 2011-12 (Q-2).
-- Profit After Tax (PAT) has increased by 15% to Rs. 10.15 Crore for FY 2012-13(Q-2) as against Rs. 8.85 Crore in FY 2011-12 (Q-2).
-- The Company has delivered an Earning per Share (EPS) of Rs. 4.52 for the current quarter (On Rs.5 Paid up Shares).
-- The Company has recommended an Interim Dividend (10%) of Re. 0.50 per equity share of Rs. 5/- each.

As usual, in this quarter also company is able to maintain its top line growth of 48% in sales and similarly 44% in EBITA. The quarter was very challenging for the company because of slow down in the economy and high fluctuation of currency. Inspite of that company is able to maintain its topline growth and growth in EBITA margin.

However due to high fluctuation during the current quarter company has incurred an actual loss on account of Foreign Exchange Fluctuation to the tune of Rs. 538.23 Lacs on its loan liability (ECB & Acceptances) however the MTM loss of Last quarter Q-1 which was Rs. 1,235.33 lacs has come down to Rs. 19 lacs only during Q-2.

Due to fluctuation loss the PBT has increased to Rs. 12.69 Cr and PAT has increased to Rs. 10.15 Cr and Cash Profit has increased to Rs. 14.61 Cr compare to last year Q-2

During the quarter under review company was able to utilize its capacity to the tune of 10,997 M.T. as against the last year Q-2 9,822 M.T.

Further company has started production of CPVC solvent cement from October 2012 in its subsidiary company Advanced Adhesives Ltd.

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

Quarterly financial results



CONTACT DETAILS
Mr. Hiranand Savlani, Chief Financial Officer, +91 (79) 66212000, hiranand@astralcpvc.com

KEYWORDS
CONSUMER, ECONOMY, BANKING, BUSINESS SERVICES, CHEMICALS, GROUPS, STOCK EXCHANGES

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