{"id":65352,"date":"2016-05-28T04:27:02","date_gmt":"2016-05-28T04:27:02","guid":{"rendered":"http:\/\/www.abnewswire.com\/pressreleases\/?p=65352"},"modified":"2016-05-28T04:27:02","modified_gmt":"2016-05-28T04:27:02","slug":"astral-poly-technik-delivers-consolidated-topline-growth-of-20-and-ebdita-growth-of-22-for-the-year-20152016","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/astral-poly-technik-delivers-consolidated-topline-growth-of-20-and-ebdita-growth-of-22-for-the-year-20152016_65352.html","title":{"rendered":"Astral Poly Technik delivers Consolidated top-line growth of 20% and EBDITA growth of 22% for the year 2015-2016"},"content":{"rendered":"
\"\"<\/a><\/div>\n

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

 <\/span><\/strong><\/p>\n

Overview of Consolidated Results for Q4 & FY 2015-16 v\/s Q4 & FY 2014-15<\/span><\/strong><\/p>\n

 <\/span><\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n
 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n\n

(Rs in Mn)<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n

Particulars<\/strong><\/p>\n<\/td>\n

\n

Q4 2015-16<\/strong><\/p>\n<\/td>\n

\n

Q4 2014-15<\/strong><\/p>\n<\/td>\n

\n

% Change<\/strong><\/p>\n<\/td>\n

\n

2015-16<\/strong><\/p>\n<\/td>\n

\n

2014-15<\/strong><\/p>\n<\/td>\n

\n

% Change<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n

Sales<\/p>\n<\/td>\n

\n

     5,319.85<\/p>\n<\/td>\n

\n

     4,711.20<\/p>\n<\/td>\n

\n

12.92%<\/p>\n<\/td>\n

\n

     17,182.69<\/p>\n<\/td>\n

\n

     14,293.77<\/p>\n<\/td>\n

\n

20.21%<\/p>\n<\/td>\n<\/tr>\n

\n

EBDITA<\/p>\n<\/td>\n

\n

         650.81<\/p>\n<\/td>\n

\n

         544.67<\/p>\n<\/td>\n

\n

19.49%<\/p>\n<\/td>\n

\n

       2,051.44<\/p>\n<\/td>\n

\n

       1,682.93<\/p>\n<\/td>\n

\n

21.90%<\/p>\n<\/td>\n<\/tr>\n

\n

PBT<\/p>\n<\/td>\n

\n

         436.30<\/p>\n<\/td>\n

\n

         368.01<\/p>\n<\/td>\n

\n

18.56%<\/p>\n<\/td>\n

\n

       1,335.32<\/p>\n<\/td>\n

\n

       1,095.18<\/p>\n<\/td>\n

\n

21.93%<\/p>\n<\/td>\n<\/tr>\n

\n

PAT<\/p>\n<\/td>\n

\n

         405.44<\/p>\n<\/td>\n

\n

         223.09<\/p>\n<\/td>\n

\n

81.74%<\/p>\n<\/td>\n

\n

       1,016.07<\/p>\n<\/td>\n

\n

           781.75<\/p>\n<\/td>\n

\n

29.97%<\/p>\n<\/td>\n<\/tr>\n

\n

Cash Profit<\/p>\n<\/td>\n

\n

         517.96<\/p>\n<\/td>\n

\n

         311.75<\/p>\n<\/td>\n

\n

66.14%<\/p>\n<\/td>\n

\n

       1,439.54<\/p>\n<\/td>\n

\n

       1,145.94<\/p>\n<\/td>\n

\n

25.62%<\/p>\n<\/td>\n<\/tr>\n

\n

Basic \/ Diluted EPS<\/p>\n<\/td>\n

\n

             3.56<\/p>\n<\/td>\n

\n

             1.78<\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n

\n

                8.46<\/p>\n<\/td>\n

\n

                6.64<\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/strong><\/p>\n

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.<\/p>\n

 <\/p>\n

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. <\/p>\n

 <\/span><\/strong><\/p>\n

 <\/p>\n

Overview of Standalone Results for Q4 & FY 2015-16 v\/s Q4 & FY 2014-15<\/span><\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n\n

(Rs in Mn)<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n

Particulars<\/strong><\/p>\n<\/td>\n

\n

Q4 2015-16<\/strong><\/p>\n<\/td>\n

\n

Q4 2014-15<\/strong><\/p>\n<\/td>\n

\n

% Change<\/strong><\/p>\n<\/td>\n

\n

2015-16<\/strong><\/p>\n<\/td>\n

\n

2014-15<\/strong><\/p>\n<\/td>\n

\n

% Change<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n

Sales<\/p>\n<\/td>\n

\n

       4,284.2<\/p>\n<\/td>\n

\n

       3,751.6<\/p>\n<\/td>\n

\n

14.20%<\/p>\n<\/td>\n

\n

       13,323.4<\/p>\n<\/td>\n

\n

       12,521.1<\/p>\n<\/td>\n

\n

6.41%<\/p>\n<\/td>\n<\/tr>\n

\n

EBDITA<\/p>\n<\/td>\n

\n

           532.9<\/p>\n<\/td>\n

\n

           460.5<\/p>\n<\/td>\n

\n

15.70%<\/p>\n<\/td>\n

\n

          1,650.7<\/p>\n<\/td>\n

\n

          1,505.2<\/p>\n<\/td>\n

\n

9.67%<\/p>\n<\/td>\n<\/tr>\n

\n

PBT<\/p>\n<\/td>\n

\n

           340.7<\/p>\n<\/td>\n

\n

           305.1<\/p>\n<\/td>\n

\n

11.67%<\/p>\n<\/td>\n

\n

          1,033.6<\/p>\n<\/td>\n

\n

             966.0<\/p>\n<\/td>\n

\n

7.00%<\/p>\n<\/td>\n<\/tr>\n

\n

Cash Profit<\/p>\n<\/td>\n

\n

           334.4<\/p>\n<\/td>\n

\n

           239.9<\/p>\n<\/td>\n

\n

39.39%<\/p>\n<\/td>\n

\n

          1,079.1<\/p>\n<\/td>\n

\n

          1,018.5<\/p>\n<\/td>\n

\n

5.95%<\/p>\n<\/td>\n<\/tr>\n

\n

PAT<\/p>\n<\/td>\n

\n

           239.9<\/p>\n<\/td>\n

\n

           165.7<\/p>\n<\/td>\n

\n

44.78%<\/p>\n<\/td>\n

\n

             724.7<\/p>\n<\/td>\n

\n

             688.4<\/p>\n<\/td>\n

\n

5.27%<\/p>\n<\/td>\n<\/tr>\n

\n

Basic \/ Diluted EPS<\/p>\n<\/td>\n

\n

             2.02<\/p>\n<\/td>\n

\n

             1.40<\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n

\n

                6.09<\/p>\n<\/td>\n

\n

                6.03<\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n<\/tr>\n

\n

Production (In M.T.)<\/p>\n<\/td>\n

\n

22,620<\/p>\n<\/td>\n

\n

20,235<\/p>\n<\/td>\n

\n

11.79%<\/p>\n<\/td>\n

\n

77,909<\/p>\n<\/td>\n

\n

69,925<\/p>\n<\/td>\n

\n

11.42%<\/p>\n<\/td>\n<\/tr>\n

\n

Installed Capacity p.a.<\/p>\n

( In M.T.)<\/p>\n<\/td>\n

\n

1,27,762<\/p>\n<\/td>\n

\n

1,02,371<\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n

\n

1,27,762<\/p>\n<\/td>\n

\n

1,02,371<\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n<\/tr>\n

\n

Sales (in M.T.)<\/p>\n<\/td>\n

\n

25,521<\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n

\n

77,942<\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

During the Current year, company has maintained its CPVC:PVC Ratio to 55%:45% respectively.<\/p>\n

 <\/span><\/strong><\/p>\n

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

 <\/p>\n

Key Highlights of Adhesives Business ( Seal IT + Resinova):<\/span><\/strong><\/p>\n

 <\/span><\/strong><\/p>\n

The name of Advanced Adhesives Limited (AAL) was changed to ‘Resinova Chemie Limited’ in terms of  the Scheme of Amalgamation.<\/p>\n

 <\/span><\/strong><\/p>\n\n\n\n\n\n\n\n\n\n
 <\/td>\n <\/td>\n <\/td>\n\n

(Rs in Mn)<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/p>\n<\/td>\n

\n

Particulars<\/strong><\/p>\n<\/td>\n

\n

Q4 2015-16<\/strong><\/p>\n<\/td>\n

\n

FY 2015-16<\/strong><\/p>\n<\/td>\n

\n

FY 2014-15<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/p>\n<\/td>\n

\n

Sales<\/p>\n<\/td>\n

\n

  1,118.85<\/p>\n<\/td>\n

\n

    4,102.55<\/p>\n<\/td>\n

\n

3,847.00<\/p>\n<\/td>\n<\/tr>\n

\n

 <\/p>\n<\/td>\n

\n

EBDITA<\/p>\n<\/td>\n

\n

     126.94<\/p>\n<\/td>\n

\n

        419.96<\/p>\n<\/td>\n

\n

349.50<\/p>\n<\/td>\n<\/tr>\n

\n

 <\/p>\n<\/td>\n

\n

EBDITA %<\/p>\n<\/td>\n

\n

11.35%<\/p>\n<\/td>\n

\n

10.24%<\/p>\n<\/td>\n

\n

9.08%<\/p>\n<\/td>\n<\/tr>\n

\n

 <\/p>\n<\/td>\n

\n

PBT  ( * )<\/p>\n<\/td>\n

\n

    -267.10<\/p>\n<\/td>\n

\n

        -40.71<\/p>\n<\/td>\n

\n

283.80<\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

*  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.<\/p>\n

 <\/p>\n

A new plant of Resinova Chemie Ltd at Ahmedabad will start production in 2nd<\/sup> Quarter of FY 2016-17.   <\/p>\n

 <\/span><\/strong><\/p>\n

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

 <\/p>\n

 <\/p>\n

To view the results, please click on the link given below:<\/p>\n

 <\/p>\n

http:\/\/www.astralpipes.com\/investorrelation.aspx<\/a><\/p>\n

Media Contact Details<\/p>\n

Mr. Hiranand Savlani<\/p>\n

Chief Financial Officer<\/p>\n

079-66212000<\/p>\n

hiranand@astralcpvc.com<\/p>\n

Media Contact<\/span>
Company Name:<\/strong> Astral Poly Technik Limited
Contact Person:<\/strong> Mr. Hiranand Savlani – CFO
Email:<\/strong> co@astralpipes.com, hiranand@astralcpvc.com
Phone:<\/strong> +91-079-66212000
Address:<\/strong>207\/1, Astral House, B\/h. Rajpath Club, Off. S. G. Highway
City:<\/strong> Ahmedabad
State:<\/strong> Gujarat
Country:<\/strong> India
Website:<\/strong> www.astralpipes.com<\/a><\/p>\n

<\/object><\/p>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

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 … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[401],"tags":[],"class_list":["post-65352","post","type-post","status-publish","format-standard","hentry","category-Business"],"_links":{"self":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/65352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/comments?post=65352"}],"version-history":[{"count":0,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/65352\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/media?parent=65352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/categories?post=65352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/tags?post=65352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}