AHMEDABAD, India, May 31, 2017 /PRNewswire/ --
Astral Poly Technik Limited, pioneer in manufacturing of CPVC pipes and fittings announced the financial results for the Quarter and year ended on March 31, 2017.
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Overview of Consolidated Results for Q4 2016-17 v/s Q4 2015-16 & 2016-17 v/s 2015-16
(Rs in Mn)
Particulars Q4 2016-17 Q4 2015-16 % Change 2016-17 2015-16 % Change
Revenue from operations (net) 5,816 5,187 12.13% 18,888 16,778 12.58%
EBDITA 917 631 45.32% 2,693 2,035 32.33%
EBDITA (in %) 15.77% 12.17% 14.26% 12.13%
PBT 793 466 70.17% 2,007 1,315 52.62%
PAT (Before OCI) 555 351 58.12% 1,446 1,019 41.90%
Cash Profit 677 464 45.91% 1,948 1,437 35.56%
Basic / Diluted EPS (In Rs.) 4.62 2.93 57.68% 12.08 8.49 42.29%
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 year ended and quarter ended March 31, 2017 and March 31,
2016 are in compliance with Ind AS and other accounting principles generally
accepted in India.
Overview of Standalone Results for Q4 2016-17 v/s Q4 2015-16 & 2016-17 v/s 2015-16
(Rs in Mn)
Particulars Q4 2016-17 Q4 2015-16 % Change 2016-17 2015-16 % Change
Revenue from operations (net) 4,675 4,224 10.68% 14,748 13,180 11.90%
EBDITA 765 532 43.80% 2,153 1,670 28.92%
EBDITA (in %) 16.36% 12.59% 14.60% 12.67%
PBT 662 391 69.31% 1,592 1,039 53.22%
PAT (Before OCI) 441 276 59.78% 1,066 729 46.23%
Cash Profit 550 371 48.25% 1,484 1,083 37.03%
Basic / Diluted EPS (In Rs.) 3.68 2.32 58.62% 8.90 6.12 45.42%
Installed Capacity p.a. ( In M.T.) 1,37,708 1,27,762 7.78% 1,37,708 1,27,762 7.78%
Sales (in M.T.) 28,720 25,521 12.53% 89,449 77,942 14.76%
Key Highlights of Adhesives Business:
(Rs in Mn)
% Change
Q4 2016-17 Q4 2015-16 of Total
PARTICULARS RESINOVA SEAL IT TOTAL RESINOVA SEAL IT TOTAL
SALES 937 352 1,289 735 349 1,084 18.91%
EBDITA 145 32 177 97 30 127 39.37%
EBDITA % 15.47% 9.09% 13.73% 13.20% 8.60% 11.72%
(Rs in Mn)
% Change
2016-17 2015-16 of Total
PARTICULARS RESINOVA SEAL IT TOTAL RESINOVA SEAL IT TOTAL
SALES 3,152 1,393 4,545 2,577 1,363 3,940 15.36%
EBDITA 509 77 586 289 132 421 39.19%
EBDITA % 16.15% 5.53% 12.89% 11.21% 9.68% 10.69%
Resinova's new plant at Santej has already started production.
US plant of Seal It Inc. has been shifted from Miami to Stanford (North Carolina) and has already started production at new location. Capacity enhancement will take place in 2nd Quarter of FY 2018.
Astral Pipes Limited - a JV at Kenya, where the company has 37.5% stake, has recorded sales revenue of Rs. 257.21 Mn for the year ended December 31, 2016.
To view the results, please click on the link given below:
http://www.astralpipes.com/investorrelation.aspx
About Astral:
Astral Poly Technik Limited was established in 1996 with the aim to manufacture pro-India plumbing and drainage systems in the country. While serving the plumbing needs of millions of houses, the company adds extra mileage to India’s developing real estate fraternity. Our contribution to the plumbing industry in the form of being pro-innovative bears the hallmark of unbeaten quality. Astral Poly Technik is equipped with three production facilities to manufacture Plumbing systems, Drainage systems, Agriculture, Industrial and Electrical Conduit Pipes with all kinds of necessary fittings.
We are also known as pro-customers’ company as we serve with an intention of taking excellence to new heights. Through our quality products and services, we have also achieved the benchmark of being Pro-India Company in numerous ways.
Astral has set a new benchmark in the adhesives industry, by acquiring adhesives companies in India, UK and US, to providing the right match for every requirement across residential, commercial and institutional segments. The facilities are equipped with modern features and state-of-the-art technology.
Media Contact:
Hiranand Savlani
CFO, Astral Poly Technik Ltd.
[email protected]
+91-7966212000
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