Ahmedabad, Gujarat – February 6, 2017 – Astral Poly Technik Limited, pioneer & leaders in manufacturing of CPVC pipes & fittings announced the financial results for the Quarter and nine months ended on December 31, 2016.
Overview of Consolidated Results for 9M 2016-17 v/s 9M 2015-16 & Q3 2016-17 v/s Q3 2015-16
(Rs in Mn)
|
Particulars |
9M 2016-17 |
9M 2015-16 |
% Change |
Q3 2016-17 |
Q3 2015-16 |
% Change |
||||||
|
Sales |
13,068 |
11,587 |
12.78% |
4,498 |
4,023 |
11.81% |
||||||
|
EBDITA |
1,745 |
1,428 |
22.20% |
634 |
403 |
57.32% |
||||||
|
PBT |
1,233 |
884 |
39.48% |
447 |
234 |
91.03% |
||||||
|
PAT (Before OCI) |
891 |
668 |
33.38% |
324 |
210 |
54.29% |
||||||
|
Cash Profit |
1,271 |
973 |
30.63% |
457 |
318 |
43.71% |
||||||
|
Basic / Diluted EPS (In Rs.) |
7.44 |
5.63 |
|
2.70 |
1.77 |
|
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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 Nine months and quarter ended December 31, 2016 and December 31, 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 9M 2016-17 v/s 9M 2015-16 & Q3 2016-17 v/s Q3 2015-16
(Rs in Mn)
|
Particulars |
9M 2016-17 |
9M 2015-16 |
% Change |
Q3 2016-17 |
Q3 2015-16 |
% Change |
||||||
|
Sales |
10,068 |
8,953 |
12.45% |
3,556 |
3,168 |
12.25% |
||||||
|
EBDITA |
1,349 |
1,134 |
18.96% |
516 |
324 |
59.26% |
||||||
|
PBT |
930 |
649 |
43.30% |
372 |
178 |
108.99% |
||||||
|
PAT ( Before OCI) |
625 |
452 |
38.27% |
247 |
152 |
62.50% |
||||||
|
Cash Profit |
934 |
712 |
31.18% |
354 |
243 |
45.68% |
||||||
|
Basic / Diluted EPS (In Rs.) |
5.22 |
3.81 |
37.01% |
2.06 |
1.28 |
60.94% |
||||||
|
Installed Capacity p.a. ( In M.T.) |
127,762 |
102,371 |
|
127,762 |
102,371 |
|
||||||
|
Sales (in M.T.) |
60,729 |
52,421 |
15.85% |
20,852 |
18,597 |
12.13% |
||||||
Key Highlights of Adhesives Business :
(Rs in Mn)
|
Particulars |
9M 2016-17 |
9M 2015-16 |
% Change |
Q3 2016-17 |
Q3 2015-16 |
% Change |
|
Sales |
3,256 |
2,856 |
14.01% |
1,032 |
925 |
11.57% |
|
EBDITA |
409 |
294 |
39.12% |
117 |
75 |
56.00% |
|
EBDITA % |
12.56% |
10.29% |
|
11.34% |
8.11% |
|
A new plant of Resinova Chemie Ltd at Santej – Gujarat will be fully operational by March, 2017.
Astral Pipes Limited – a JV at Kenya, where the company has 37.5% stake, has recorded sales revenue of Rs. 185.49 Mn for the nine months ended September 30, 2016.
To view the results, please click on the link given below:
http://www.astralpipes.com/investorrelation.aspx
Media Contact
Company Name: Astral Poly Technik Limited
Contact Person: Mr. Hiranand Savlani – CFO
Email: co@astralpipes.com, hiranand@astralcpvc.com
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