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| Source : Astral Polytechnik Limited |
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Astral Polytechnik Posts 81% Jump in Topline for Q-1 (YOY)
Ahmedabad, Gujarat, India -- (Business Wire India) -- Friday, July 18, 2008 3:45:00 PM
Astral Polytechnik Ltd. manufacturer of CPVC pipes & fitting today announced their impressive financial results for the quarter ended June 2008.
Overview of Q-1 FY2008 v/s Q-1 FY2007
-- Company’s sales from operations has increased by 81 %, to Rs.4203 lacs for the Q-1 FY 2008 as against Rs.2320 lacs in Q-1 FY 2007.
-- Profit Before Tax (PBT) increased to Rs. 534 lacs in the current quarter as against Rs. 349 lacs last year in same quarter.
-- Profit After Tax (PAT) increased to Rs. 470 lacs as against Rs. 300 lacs last year in same quarter.
-- The Company has delivered a Earning Per Share (EPS) with expanded equity to Rs. 4.18 per share in Q-1.
Promoters of the company hold 63.82% of the equity shares and company is planning to complete its expansion capacity by Sep-08 which will increase its capacity from 11800 MT to 25968 MT.
Astral is a pioneer in manufacturing CPVC pipes & fitting since 1999 in Indian Plumbing Market and is the first company to introduce CPVC pipes in India. In the year 2004 company introduced first Lead Free PVC piping system and now company is coming with full range of product such as Under Ground Piping System, SWR Piping System, ABS Piping System, Blaze Master (Fire Sprinkler) Piping System & CPVC Aluminum CPVC pipes. Astral has its production facilities at Gujarat and Himachal Pradesh to manufacture plumbing systems from ˝ inch to 8 inch. The company has now come with its new manufacturing plant and that will be operational from the end of second quarter of current year.
Company is Licensee of LUBRIZOL –USA and forged associations with global players such as Tyco - Singapore; IPS -USA; Spears Manufacturing Company-USA; Harvel-USA; Hunter Plastics-UK.
About Astral Polytechnik
Astral Polytechnik Limited is the first licencee of Lubrizol of USA (formerly known as BF Goodrich a fortune 500 company) and has an equity joint venture with Specialty Process LLC of to manufacture and market the most advanced CPVC plumbing system for the first time in India.
Astral Polytechnik Limited was established in 1999 with a single minded purpose to manufacture absolutely the best plumbing systems in India. Astral today manufactures CPVC plumbing systems for both residential and industrial applications, and also ASTM solvent weld lead free PVC plumbing system.
The company has tie up with Specialty Process LLC of USA to incorporate latest technology and quality control programs which are widely accepted at global level and to develop CPVC plumbing systems as per Indian plumbing market.
To view the Financial Results, please click on the link given below:
Financial Results
Media Contact Details
Hiranand Savlani, Chief Financial Officer,
Astral Polytechnik Limited,
+91 (079) 30112100,
hiranand@astralcpvc.com
For pictures or documents illustrating this release click below:
Financial_results.pdf
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Saturday, August 30, 2008
