Astral Poly Technik once again deliver robust topline & PAT growth of 27% and 60% respectively in Q-2

3:57 PM  James Andrew  

Ahmedabad, Gujarat- 1st November-2013 Astral Poly Technik Ltd., leaders in manufacturing of CPVC pipes & fittings announced the financial results for the Quarter ended on 30th September, 2013.

Overview of Q2 FY 2013-14 v/s Q2 FY 2012-13

  • Company’s sales from operations increased by 27%, to Rs.2,556.79 Mn for the FY 2013-14 (Q-2) as against Rs. 2,009.58 Mn in FY 2012-13 (Q-2).
  • EBITA has increased by 55% to Rs. 371.33 Mn for FY 2013-14 (Q-2) as against Rs. 239.10 Mn in FY 2012-13 (Q-2).
  • PBT has increased by 61% to Rs. 204.50 Mn for FY 2013-14 (Q-2) as against Rs. 126.93 Mn in FY 2012-13 (Q-2).
  • Cash Profit has increased by 46% to Rs. 213.23 Mn for FY 2013-14 (Q-2) as against Rs. 146.05 Mn in FY 2012-13 (Q-2).
  • Profit After Tax (PAT) has increased by 60% to Rs. 162.09 Mn for FY 2013-14(Q-2) as against Rs. 101.54 Mn in FY 2012-13 (Q-2).  
  • The Company has delivered an Earning per Share (EPS) of Rs. 2.88 for the current quarter (On Rs.2 Paid up Shares).
  • The Company has recommended an Interim Dividend (12.5%) of Rs. 0.25 per equity share of Rs. 2/- each.

This quarter the Company is able to maintain its top line growth of 27% in sales and higher growth of 55% in EBITA.

Due to high Fluctuation in Currency during the first half of current financial year, the Company has incurred an actual loss of Rs. 101.72 Mn and the MTM loss of Rs. 183.51 Mn on its foreign currency borrowings. MTM loss will be accounted at end of the financial year.

During the quarter under review company was able to utilize its capacity to the tune of 13,822 M.T. as against the last year Q-2 10,997 M.T. indicating a volume growth of 26%.

Company’s Hosur Plant is ready for its Commercial Production but Company is waiting for electricity connection which is likely to be received by December 2013. Production will be rollout in market by Q4.

Our Subsidiary Company Advanced Adhesives Limited has achieved a Sales of Rs. 97.25 Mn for FY 2013-14 (H-1) as against Rs. 38.30 Mn for FY 2012-13 (H-1) showing a growth of 154%.

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

Quarterly financial results 

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

Media Contact
Company Name: Astral Poly Technik Limited
Contact Person: Mr. Hiranand Savlani - CFO
Email:Send Email
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.astralcpvc.com
Source: www.abnewswire.com