Quarterly Result: Astral Poly Technik Ltd
Bhagyashree Vivarekar / 17 Nov 2016
Astral Poly Technik Ltd., is currently trading at Rs. 405, up by 4.95 points or 1.24% from its earlier closing of Rs. 400.05 on the BSE. The company's net profit has soared 41.2% yoy to Rs 30.11 cr, triggered by 145% yoy rise in other income.
Technical View:
Astral Poly Technik Ltd., is currently trading at Rs. 405, up by 4.95 points or 1.24% from its earlier closing of Rs. 400.05 on the BSE.
The scrip has touched a high and low of Rs. 408 and Rs. 400.15 respectively, after opening at 401.85. In totality 7596(NSE+BSE) shares have been traded on the counter; and the stock is currently trading above its 100 DMA.
Consolidated Results Q2FY17:
Bloomberg estimates have been beaten by Astral Poly Technik Ltd.’s consolidated Q2FY17 results. Revenue has come in 1.7% above the estimate of Rs 430 cr. EBITDA stands 43.5% greater than the estimate of Rs 39 cr. Net profit is 9.5% above the estimated figure of Rs 28 cr.
The quarter's revenue has surged 10.2% yoy to Rs 436.7 cr, anchored by 9% and 14 % yoy upsurge in plastic and adhesive segment respectively.
Astral's EBITDA has jumped by 8.3% yoy to Rs 56.52 cr while EBITDA margins have depleted by 24 bps yoy at 12.9%.
The company's net profit has soared 41.2% yoy to Rs 30.11 cr, triggered by 145% yoy rise in other income.
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