Astral Poly Technik Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
January 28, 2013 at 06:34 pm IST
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Astral Poly Technik Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net sales of INR 2,064.265 million against INR 1,608.044 million a year ago. Profit from operation before other income, finance costs and exceptional items was INR 151.159 million against INR 132.713 million a year ago. Profit before tax was INR 140.472 million against INR 59.267 million a year ago. Net profit was INR 106.066 million or INR 4.72 per basic and diluted share against INR 47.401 million or INR 2.11 per basic and diluted share a year ago.
For the nine months, the company reported net sales of INR 5,599.988 million against INR 3,972.786 million a year ago. Profit from operation before other income, finance costs and exceptional items was INR 501.011 million against INR 363.465 million a year ago. Profit before tax was INR 386.732 million against INR 258.230 million a year ago. Net profit was INR 303.055 million or INR 13.48 per basic and diluted share against INR 204.718 million or INR 9.11 per basic and diluted share a year ago.
Astral Limited is an India-based company, which is engaged in the manufacturing of chlorinated polyvinyl chloride (CPVC) pipes and fittings. The Company's segments include Plumbing, and Paints and Adhesives. The Company operates across seven sectors, encompassing pipes and fittings; water tanks; adhesives, construction chemicals and sealants; infrastructure; faucets and sanitaryware; paints, and specialized valves. In the pipes and fittings sector, the Company offers plumbing systems, drainage system, cable protection system, agriculture system, solvent cements and specialized fittings. In the water tanks sector, it offers roto molding tanks, blow molding tanks and loft tanks. In the infrastructure sector, it offers drainage, cable protection and PT duct system. In the faucets and sanitaryware sector, it offers faucets, sanitaryware, cisterns, showers and bathroom accessories. The Company offers protective coatings, industrial coatings and decorative coatings in the paint sector.