Astral Poly Technik delivers Consolidated top-line growth of 12% & PBT growth of 91% for Q3 2016-17

February 06 18:36 2017

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

 

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: 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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