Company Press release from Business Wire India
Source: Astral Polytechnik Limited
Monday, August 05, 2013 06:45 PM IST (01:15 PM GMT)
Editors: General: Economy, People; Business: Banking & financial services, Business services, Chemicals, Financial Analyst, Stock exchanges
Astral Poly Technik Delivers Robust Topline and PBT Growth of 41% and 34% Respectively in Q-1
Ahmedabad, Gujarat, India, Monday, August 05, 2013 â (Business Wire India) â Astral Poly Technik Ltd., leaders in manufacturing ofCPVC pipes & fittingsannounced the financial results for the Quarter ended on 30th June, 2013.
Overview of Q1 FY 2013-14 v/s Q1 FY 2012-13
â Companyâs sales from operations increased by41%toRs. 2,158.9 Mnfor the FY 2013-14 (Q-1) as againstRs. 1,526.1 Mnin FY 2012-13 (Q-1)
â Profit Before Tax**(PBT)has increased by34%toRs. 159.5 Mnfor FY 2013-14 (Q-1) as againstRs. 119.3 Mn**in FY 2012-13 (Q-1)
â Cash Profit has increased by21%toRs. 167.5 Mnfor FY 2013-14 (Q-1) as againstRs. 138.4 Mnin FY 2012-13 (Q-1)
â Profit After Tax**(PAT)has increased by25%toRs. 118.9 Mnfor FY 2013-14(Q-1)as againstRs. 95.5 Mn**in FY 2012-13 (Q-1)
â The Company has delivered an Earning per Share**(EPS)ofRs. 5.29**for the current quarter (On Rs.5 Paid up Shares).
As usual, this quarter also company is able to maintain 40% plus growth in topline and similarly company was able to proportionately increase the PBT by 34%.
During the quarter Q-1 the unrealized loss on account of foreign currency borrowings is Rs. 158.52 Mn as against the last year Q-1 loss was Rs. 123.53 Mn.
During the quarter under review Q-1 company was able to utilize its capacity to the tune of13,122 M.T.as against the last year Q-110,789 M.T.
The Upcoming Hosur plant of Company is at the advance stage of Completion. Company is planning to Commence Commercial Production in Q-3.
During the Quarter, the Company has increased its stake in Kenya JV from 31.90% to 37.50%.
On 2nd August 2013 our managing director Mr. Sandeep Engineer receivedâAMA-Atlas Dyechem Outstanding Entrepreneur (2012)âAward from Dr. C. Rangarajan, Chairmen, Economic Advisory Council to the Prime Minister at the function organized at Ahmedabad Management Association, Ahmedabad.