Home » Business, Manufacturing & Industry, Marketing & Sales, Services » Astral Poly Technik delivers Consolidated top-line growth of 20% and EBDITA growth of 22% for the year 2015-2016

Ahmedabad, Gujarat- 27th May, 2016 Astral Poly Technik Limited, pioneer & leaders in manufacturing of CPVC pipes & fittings announced the financial results for the Quarter and year ended on 31st March, 2016.

 

Overview of Consolidated Results for Q4 & FY 2015-16 v/s Q4 & FY 2014-15

 

           

(Rs in Mn)

Particulars

Q4 2015-16

Q4 2014-15

% Change

2015-16

2014-15

% Change

Sales

     5,319.85

     4,711.20

12.92%

     17,182.69

     14,293.77

20.21%

EBDITA

         650.81

         544.67

19.49%

       2,051.44

       1,682.93

21.90%

PBT

         436.30

         368.01

18.56%

       1,335.32

       1,095.18

21.93%

PAT

         405.44

         223.09

81.74%

       1,016.07

           781.75

29.97%

Cash Profit

         517.96

         311.75

66.14%

       1,439.54

       1,145.94

25.62%

Basic / Diluted EPS

             3.56

             1.78

 

                8.46

                6.64

 

 

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 year ended March 31, 2016 are not comparable with previous year.

 

The scheme of Amalgamation (“the scheme”) of erstwhile Resinova Chemie Limited (wholly owned subsidiary of the company) with Advanced Adhesives Limited (subsidiary of the company) with an Appointed date November 21, 2014 was sanctioned by the Hon’ble High Court of Gujarat (”the court”) vide order dated January 18, 2016. The scheme has become effective from February 11, 2016. In view of the same, current year/quarter figures are not comparable with previous year/quarter figures. 

 

 

Overview of Standalone Results for Q4 & FY 2015-16 v/s Q4 & FY 2014-15

           

(Rs in Mn)

Particulars

Q4 2015-16

Q4 2014-15

% Change

2015-16

2014-15

% Change

Sales

       4,284.2

       3,751.6

14.20%

       13,323.4

       12,521.1

6.41%

EBDITA

           532.9

           460.5

15.70%

          1,650.7

          1,505.2

9.67%

PBT

           340.7

           305.1

11.67%

          1,033.6

             966.0

7.00%

Cash Profit

           334.4

           239.9

39.39%

          1,079.1

          1,018.5

5.95%

PAT

           239.9

           165.7

44.78%

             724.7

             688.4

5.27%

Basic / Diluted EPS

             2.02

             1.40

 

                6.09

                6.03

 

Production (In M.T.)

22,620

20,235

11.79%

77,909

69,925

11.42%

Installed Capacity p.a.

( In M.T.)

1,27,762

1,02,371

 

1,27,762

1,02,371

 

Sales (in M.T.)

25,521

 

 

77,942

 

 

During the Current year, company has maintained its CPVC:PVC Ratio to 55%:45% respectively.

 

The company has acquired 32,500 Sq. Meter land at Ghiloth, Neemrana, Rajasthan for its expansion plan of CPVC/PVC pipes & fittings.

 

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

 

The name of Advanced Adhesives Limited (AAL) was changed to ‘Resinova Chemie Limited’ in terms of  the Scheme of Amalgamation.

 

     

(Rs in Mn)

 

Particulars

Q4 2015-16

FY 2015-16

FY 2014-15

 

Sales

  1,118.85

    4,102.55

3,847.00

 

EBDITA

     126.94

        419.96

349.50

 

EBDITA %

11.35%

10.24%

9.08%

 

PBT  ( * )

    -267.10

        -40.71

283.80

         

 

*  During the year, pursuant to scheme of amalgamation, PBT was negative for the year and quarter ended March 31, 2016. Company has given effect of amortization of intangible assets of Rs. 367.77 Mn.

 

A new plant of Resinova Chemie Ltd at Ahmedabad will start production in 2nd Quarter of FY 2016-17.   

 

Astral Pipes Limited – a JV at Kenya, where the company has 37.5% stake, has grown to Rs. 262.55 Mn (Calendar year 2015) against Rs. 202.37 Mn (Calendar Year 2014) which shows growth of 30% 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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