Astral Poly Technik delivers Consolidated top-line growth of 13% for H1 2016-17

Astral Poly Technik delivers Consolidated top-line growth of 13% for H1 2016-17

Ahmedabad, Gujarat- November 17, 2016 Astral Poly Technik Limited, pioneer & leaders in manufacturing of CPVC pipes & fittings announced the financial results for the Quarter and six months ended on September 30, 2016.

Overview of Consolidated Results for H1 2016-17 v/s H1 2015-16 & Q2 2016-17 v/s Q2 2015-16

 

(Rs in Mn)

Particulars

H1 2016-17

H1 2015-16

% Change

Q2 2016-17

Q2 2015-16

% Change

Sales

8,569

7,564

13.29%

4,365

3,961

10.20%

EBDITA

1,111

1,025

8.39%

565

522

8.24%

PBT

785

650

20.77%

427

322

32.61%

PAT

567

458

23.80%

301

213

41.31%

Cash Profit

814

655

24.27%

430

313

37.38%

Basic / Diluted EPS (In Rs.)

4.74

3.87

22.48%

2.51

1.80

39.44%

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 six months and quarter ended September 30, 2016 and September 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 H1 2016-17 v/s H1 2015-16 & Q2 2016-17 v/s Q2 2015-16

 

(Rs in Mn)

 

Particulars

H1 2016-17

H1 2015-16

% Change

Q2 2016-17

Q2 2015-16

% Change

 

Sales

6,512

5,785

12.57%

3,342

3,051

9.54%

 

EBDITA

833

811

2.71%

426

417

2.16%

 

PBT

558

470

18.72%

310

234

32.48%

 

PAT

378

300

26.00%

215

149

44.30%

 

Cash Profit

580

469

23.67%

319

235

35.74%

 

Basic / Diluted EPS (In Rs.)

3.16

2.54

24.41%

1.80

1.26

42.86%

 

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

127,762

102,371

 

127,762

102,371

 

 

Sales (in M.T.)

39,877

33,824

17.90%

20,522

17,856

14.93%

 

Key Highlights of Adhesives Business:

 

(Rs in Mn)

Particulars

H1 2016-17

H1 2015-16

% Change

Q2 2016-17

Q2 2015-16

% Change

Sales

2,224

1,931

15.17%

1,118

985

13.50%

EBDITA

292

219

33.33%

156

104

50.00%

EBDITA %

13.13%

11.34%

 

13.95%

10.56%

 

A new plant of Resinova Chemie Ltd at Santej- Gujarat has partially commissioned its operations during the month of October 2016. The plant will be operative at its full-fledged capacity from January 2017 onwards.

Astral Pipes Limited – a JV at Kenya, where the company has 37.5% stake, has recorded sales revenue of Rs. 126.63 Mn for the six months ended June 30, 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

hiranand@astralcpvc.com

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