Astral Poly posts weak quarter with 55.2% QoQ decline in PAT
DSIJ Intelligence / 08 Aug 2017
Total sales for this quarter, Q1FY18, came in at Rs. 440.2 crore. This represents a 32.86 per cent sequential decline and 6.64 per cent YoY decline.
Astral Poly Technik Ltd. reported its results for the quarter ended June 30, 2017 today.
Total sales for this quarter, Q1FY18, came in at Rs. 440.2 crore. This represents a 32.86 per cent sequential decline and 6.64 per cent YoY decline.
Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 48.5 crore and the EBIT margin stood at 11.02 per cent.
In terms of the bottom-line, the company reported a PAT figure of Rs. 24.84 crore which represents a sequential QoQ decline of 55.2 per cent and a YoY decline of 6.62 per cent.
Astral Poly Technik Limited is engaged in the production of plastic products. The company and its subsidiaries are engaged in the business of manufacturing and trading of pipes, fittings and adhesive solutions. Its product range includes pipe category for plumbing, industrial, drainage, fire protection, agriculture, electrical conduit and ancillary and adhesive category for construction, maintenance, wood care and automotive.
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