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Astral Poly Technik delivers Consolidated top-line growth of 17% for Q1 2016-17

 

 

 

Ahmedabad, Gujarat – August 19, 2016 – Astral Poly Technik Limited, pioneer & leaders in manufacturing of CPVC pipes & fittings announced the financial results for the Quarter ended on June 30, 2016.

Overview of Consolidated Results for Q1 2016-17 v/s Q1 2015-16

                                                                                                                                (Rs in Mn)

Particulars

Q1 2016-17

Q1 2015-16

% Change

Sales

            4,204

        3,603

16.68%

EBDITA

                546

           503

8.55%

PBT

                358

           329

8.81%

PAT

                264

           244

8.20%

Cash Profit

                383

           340

12.65%

Basic / Diluted EPS (In Rs.)

2.19

2.03

7.88%

The group has adopted Indian Accounting standards (“Ind AS”) notified by the Ministry of Corporate Affairs with effect from April 1, 2016. Accordingly the financial results for the quarter ended June 30, 2016 and quarter ended June 30, 2015 are in compliance with Ind AS and other accounting principles generally accepted in India.

The group has accounted for all exchange fluctuations (gain/loss) in relation to realized, unrealized and Mark to Market (MTM) under the head of Finance Cost to comply with Ind AS.

Overview of Standalone Results for Q1 2016-17 v/s Q1 2015-16

(Rs in Mn)

Particulars

Q1 2016-17

Q1 2015-16

% Change

Sales

            3,171

        2,734

15.98%

EBDITA

                408

           394

3.55%

PBT

                248

           237

4.64%

PAT

                161

           150

7.33%

Cash Profit

                259

           233

11.16%

Basic / Diluted EPS (In Rs.)

               1.35

          1.27

6.30%

Installed Capacity p.a. ( In M.T.)

      1,27,762

  1,02,371

 

Sales (in M.T.)

          19,355

     15,968

21.21%

Key Highlights of Adhesives Business :

                                                                                                                            (Rs in Mn)

PARTICULARS

Q1 2016-17

Q1 2015-16

% Change of Total

RESINOVA

SEAL IT

TOTAL

RESINOVA

SEAL IT

TOTAL

SALES

              724

           382

        1,106

              610

           336

             946

16.91%

EBDITA

              103

              34

           137

                75

              40

             115

19.13%

EBDITA %

14.23%

8.90%

12.39%

12.30%

11.90%

12.16%

 

A new plant of Resinova Chemie Ltd at Ahmedabad will start production from October 2016.   

 

Astral Pipes Limited – a JV at Kenya, where the company has 37.5% stake, has recorded sales revenue of Rs. 60.36 Mn for the quarter ended March 31, 2016.

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

[email protected]

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.astralpipes.com

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