Source: Astral Polytechnik Limited 

(ASTRAL.NS)(ASTRAL.BO)
Friday, May 21, 2010 09:29 PM IST (03:59 PM GMT)
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Astral Poly Technik Deliver EPS of Rs.10.44 and Post a Robust 215% Growth in
PAT and 77% Growth in Top Line for Q-4

Ahmedabad, Gujarat, India, Friday, May 21, 2010 -- (Business Wire India)
Astral Poly
Technik Ltd.
Leaders in
manufacturing
of CPVC pipes
& fitting
announced
their financial
results for the
Quarter ended
on 31st
March, 2010.

Overview of
Q4 FY2010
v/s Q4
FY2009

• Company’s
sales from
operations
has increased
by 77%, to
Rs.102.08
Crore for the
FY 2010 (Q-4)
as against
Rs.57.81
Crore in FY
2009 (Q-4).
• PBT has
increased by
225% to Rs.
14.09 Crore
for FY 2010
(Q-4) as
against Rs.
4.34 Crore in
FY 2009 (Q-
4).
• Cash Profit
has increased
by 150% to
Rs. 14.03
Crore for FY
2010 (Q-4) as
against Rs.
5.61 Crore in
FY 2009 (Q-
4).
• Profit After
Tax (PAT)
has increased
by 214% to
Rs. 11.73
Crore for FY
2010 (Q-4) as
against Rs.
3.73 Crore in
FY 2009 (Q-
4).
• EBITA has
increased by
54% to Rs.
13.90 Crore
FY 2010 (Q-4)
as against Rs.
9.03 Crore in
FY 2009 (Q-
4).
• The
Company has
delivered an
Earning Per
Share (EPS)
of Rs. 10.44
for the
current
quarter.

During the
quarter
company is
able to
increase the
presence of
its new
products
range into the
various part
of the country
and due to
that company
is able to
utilize its
capacity more
during the
quarter.

During the
last quarter
company has
increased its
capacity from
25,968 MT
p.a. to
30,867 MT
p.a., Further
the capacity
utilization
during the full
year was
19,411 MT .
During the
last quarter
the capacity
utilization was
6,192 MT.

Company has
maintained its
growth
momentum
during the
current year
by growing
more than
50% on an
annualize
basis and not
only in topline
but in bottom
line also
company has
grown by
98% .

Since
company is
growing at
Appx. 45%
CAGR growth
since last 6
years
indirectly
company is
doubling its
size every two
years and this
time company
has proved
that it can
grow even at
a higher base
because of
wide
acceptability
of CPVC in
Indian Market
for new
construction
as well as in
replacement
market and
similar is the
case for
growth in the
new products
such as under
ground pipes ,
SWR pipes
and Foam
Core Pipes.

To continue
this growth
momentum
company has
decided to
further
increase its
capacity in
the year
2010-11.
Further
considering
this growth
momentum of
45% CAGR
and
continuous
addition in the
capacity
company has
purchased a
land at
Dholka 40 Km
from
Ahmedabad
having a size
of 36,729
Sqr. Meter.
Where
company will
come up with
its expansion
plan.

During the
first quarter
company is
going to
commercially
launch the
underground
Chambers and
Manholes in
the Indian
Market.

Our joint
venture
company in
Kenya has
already placed
the orders for
machineries
and we are
expecting the
production to
start by
August-2010
in Nairobi.

To view the
Quarterly
results, please
click on the
link given
below:
Quarterly
financial
results