Home » Business, Financial Market, Manufacturing & Industry, News & Current Affairs » Astral Poly Technik delivers Consolidated top-line growth of 13% and EBDITA growth of 14% for the Q3 2015-2016

Ahmedabad, Gujarat – 10th February, 2016 Astral Poly Technik Limited, pioneer & leaders in manufacturing of CPVC pipes & fittings announced the financial results for the Quarter and nine months ended on 31st December, 2015.

Overview of Consolidated Results for Q3 & 9M FY 2015-16 v/s Q3 & 9M FY 2014-15

           

(Rs in Mn)

Particulars

Q3 2015-16

Q3 2014-15

% Change

9M 2015-16

9M 2014-15

% Change

Sales

4,116.45

3,647.19

12.87%

11,862.85

9,582.57

23.80%

EBDITA

403.31

354.34

13.82%

      1,430.87

      1,140.47

25.46%

PBT

218.27

174.99

24.73%

899.02

727.18

23.63%

Cash Profit

293.04

239.37

22.42%

921.59

834.18

10.48%

Basic EPS

1.50

1.16

 

4.91

4.86

 

Diluted EPS

1.50

1.16

 

4.91

4.86

 

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 Nine months and Quarter ended December 31, 2015 are not comparable with the corresponding nine months and Quarter of the previous year.

Overview of Standalone Results for Q3 & 9M FY 2015-16 v/s Q3 & 9M FY 2014-15

           

(Rs in Mn)

Particulars

Q3 2015-16

Q3 2014-15

% Change

9M 2015-16

9M 2014-15

% Change

Sales

3,193.94

3,030.52

5.39%

9,039.21

8,769.45

3.08%

EBDITA

320.69

290.23

10.50%

1,140.47

1,044.51

9.19%

PBT

169.13

128.97

31.14%

693.04

660.80

4.88%

Basic EPS

             1.24

             0.97

 

               4.09

               4.63

 

Diluted EPS

             1.24

             0.97

 

               4.09

               4.63

 

Production (In MT)

18,463

17,809

3.67%

55,289

49,690

11.27%

Installed Capacity p.a.

( In MT)

1,02,371

1,02,371

 

1,02,371

1,02,371

 

During the Current quarter and nine months ended, company has maintained its CPVC:PVC Ratio to 56%:44% and 55%:45% respectively.

Pursuant to the approval of the shareholders by passing a special resolution through postal ballot dated October 21, 2015, the Company has on November 14, 2015 granted 16,282 stock options to its eligible employees in terms of the Astral Employee Stock Option Scheme 2015.

The unrealized gain on account of foreign currency borrowings for quarter ended December 31, 2015 is Rs. 6.16 Mn (unrealized loss for quarter ended December 31, 2014: loss of Rs.29.18 Mn) and unrealized loss for the nine months ended December 31, 2015 is Rs.40.71 Mn (nine months ended December 31, 2014: loss of Rs. 83.99 Mn).

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

     

(Rs in Mn)

 

Particulars

Q3 2015-16

9M 2015-16

FY 2014-15

 

Sales

975.62

2,983.69

3,847.00

 

EBDITA

           74.29

         293.02

349.50

 

EBDITA %

7.61%

9.82%

9.08%

 

PBT

           50.83

         226.39

283.80

 

PBT %

5.21%

7.59%

7.38%

 

PAT

           37.85

         153.81

206.90

 

PAT %

3.88%

5.15%

5.38%

         

The Hon’ble High Court of Gujarat (“the Court”) has vide order dated January 18, 2016 approved the Scheme of Amalgamation of Resinova Chemie Limited (Wholly Owned Subsidiary of the Company) with Advanced Adhesives Limited (Subsidiary of the Company). Further, the Court has also approved change of name of “Advanced Adhesives Limited” to “Resinova Chemie Limited” upon the Scheme being effective. The formalities and procedure to give effect to the scheme are pending.

Astral Pipes Limited – a JV at Kenya, where the company has 37.5% stake, has grown to Rs. 204.77 Mn (9M Calendar year 2015) against Rs. 142.73Mn (9M Calendar Year 2014) which shows growth of 43% in sales.

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

http://www.astralpipes.com/investorrelation.aspx

Media Contact Details

Mr. Hiranand Savlani

Chief Financial Officer

079-66212000

hiranand@astralcpvc.com

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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