BWI: Astral Poly Technik once again Delivers Robust Topline and PAT Growth of 28% and 124% Respectively in Q-3

Press release from Business Wire India
Source: Astral Polytechnik Limited
Monday, January 28, 2013 06:05 PM IST (12:35 PM GMT)
Editors: General: Economy, People; Business: Banking & financial services, Business services, Chemicals, Financial Analyst, Major diversified industrial groups, Stock exchanges
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Astral Poly Technik once again Delivers Robust Topline and PAT Growth of 28% and 124% Respectively in Q-3


Ahmedabad, Gujarat, India, Monday, January 28, 2013 -- (Business Wire India) -- Astral Poly Technik Ltd., leaders in manufacturing of CPVC pipes & fittings announced the financial results for the Quarter ended on 31st December, 2012.

Overview of Q3 FY 2012-13 v/s Q3 FY 2011-12

-- Company's sales from operations increased by 28% to Rs.206.43 Crore for the FY 2012-13 (Q-3) as against Rs. 160.80 Crore in FY 2011-12 (Q-3)

-- EBITA has increased by 18% to Rs. 19.64 Crore for FY 2012-13 (Q-3) as against Rs. 16.69 Crore in FY 2011-12 (Q-3)

-- PBT has increased by 137% to Rs. 14.05 Crore for FY 2012-13 (Q-3) as against Rs. 5.93 Crore in FY 2011-12 (Q-3)

-- Cash Profit has increased by 85% to Rs. 15.13 Crore for FY 2012-13 (Q-3) as against Rs. 8.16 Crore in FY 2011-12 (Q-3)

-- Profit After Tax (PAT) has increased by 124% to Rs. 10.61 Crore for FY 2012-13(Q-3) as against Rs. 4.74 Crore in FY 2011-12 (Q-3)

-- The Company has delivered an Earning per Share (EPS) of Rs. 4.72 for the current quarter (On Rs.5 Paid up Shares)

During First Nine Months, the Sales of the Company has increased by 41% to Rs. 560.00 Crore from Rs. 397.28 Crore and similarly the EBITA has increased by 38% to Rs. 63.37 Crore from Rs. 46.02 Crore.

During the quarter Q-3, the unrealized loss is Rs. 5.79 Crore as against the last year Q - 3 loss of Rs. 3.61 Crore on the outstanding ECB & FCNR loans. On Nine month basis unrealized loss is Rs. 5.98 Crore against Rs. 11.60 Crore in corresponding nine months of previous financial year.

During the quarter under review company was able to utilize its capacity to the tune of 12,491 M.T. as against the last year Q-3 9,729 M.T i.e. a rise of 28%. Current year first nine months cumulative utilization was 34,277 M.T. as against last year nine months 27,127 M.T. a rise of 26%.

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, 079-66212000

KEYWORDS
ECONOMY, PEOPLE, BANKING, BUSINESS SERVICES, CHEMICALS, Financial Analyst, GROUPS, STOCK EXCHANGES

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