Home » Business, Financial Market, Manufacturing & Industry, News & Current Affairs » Astral Poly Technik delivers Consolidated top-line growth of 42% for the Q1 2015-2016

Ahmedabad, Gujarat – 11th August, 2015 – Astral Poly Technik Limited, pioneer & leaders in manufacturing of CPVC pipes & fittings announced the financial results for the Quarter ended on 30th June, 2015.

Overview of Consolidated Results for FY Q1 2015-16 v/s FY Q1 2014-15

  • Company’s sales from operations in current quarter Rs. 3,864.19 Mn against Rs. 2,721.36 Mn in the corresponding quarter of previous year.
  • EBITA for current quarter is Rs. 506.96 Mn as against Rs. 391.48 Mn in the corresponding quarter of previous year. 
  • PBT for current quarteris Rs. 358.10 Mn as against Rs. 291.33 Mn in the corresponding quarter of previous year.
  • PAT for current quarteris Rs. 236.51 Mn as against Rs. 201.56 Mn in the corresponding quarter of previous year.
  • Cash Profit for current quarteris Rs. 334.39 Mn as against Rs. 285.04 Mn in the corresponding quarter of previous year.
  • The Company has reported an Earning per Share (EPS) of Rs. 1.88 for the current quarter (On Re.1/- Paid up Shares).

During the previous year, the Company has acquired two subsidiaries namely, Seal It Services Limited and Resinova Chemie Limited on August 25, 2014 and November 21, 2014. Accordingly, figures for the Quarter ended June 30, 2015 are not comparable with the corresponding quarter of the previous year.

Overview of Standalone Results for FY Q1 2015-16 v/s FY Q1 2014-15

  • Company’s sales from operations increased by 8% to Rs. 2,929.82 Mn against Rs. 2,705.60 Mn in the corresponding quarter of previous year.
  • EBITA has increased to Rs. 394.98 Mn as against Rs. 388.87 Mn in the corresponding quarter of previous year. 
  • PBT has decreased to Rs. 267.44 Mn as against Rs. 292.84 Mn in the corresponding quarter of previous year.
  • PAT has decreased to Rs. 171.52 Mn as against Rs. 204.51 Mn in the corresponding quarter of previous year.
  • Cash Profit decreased to Rs. 253.96 Mn as against Rs. 286.02 Mn in the corresponding quarter of previous year.
  • The Company has reported an Earning per Share (EPS) of Rs. 1.45 for the current quarter (On Re.1/- Paid up Shares)

During the Current quarter, CPVC:PVC Ratio is 55%:45% as compared to 51%:49% of corresponding quarter of the previous year.

During the quarter under review the unrealized loss on account of foreign currency borrowings is Rs. 30.18 Mn as against Rs. 13.54 Mn in the corresponding quarter of previous year.

During the quarter company has utilized its capacity to the tune of 17,461 M.T. as against 16,135 M.T. in the corresponding quarter of previous year which shows a growth of 8% in volume.

Key Highlights of Adhesives Business (Advanced Adhesives + Seal IT + Resinova):

Rs. Mn

Particulars

Q1 2015-16

FY 2014-15

Sales

983.2

3,847.0

EBITA

113.7

349.5

EBITA %

11.56%

9.08%

PBT

93.1

283.8

PBT %

9.47%

7.38%

PAT

66.7

206.9

PAT %

6.79%

5.38%

Astral Pipes Limited – a JV at Kenya, where the company has 37.5% stake, has grown to Rs. 72.31 Mn (Q1 Calender year 2015) against Rs. 42.45 Mn (Q1 Calendar Year 2014) which shows growth of 70% in sales.

To view the results, please click on the link given below:
http://www.astralpipes.com/investorrelation.aspx

Media Contact
Company Name: Astral Poly Technik Limited
Contact Person: Mr. Hiranand Savlani – CFO
Email: co@astralpipes.com, hiranand@astralcpvc.com
Phone: +91-079-66212000
Address:207/1, Astral House, B/h. Rajpath Club, Off. S. G. Highway
City: Ahmedabad
State: Gujarat
Country: India
Website: www.astralpipes.com

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