Astral Poly Technik’s Q4 Sales & Profits Rise

In its Q4FY13 results, Astral Poly Technik has seen a considerable growth in its topline and bottomline. During the quarter, the company's total income increased by almost 43% to Rs 261.10 crore as against Rs 182.75 crore in Q4FY12. On a consolidated basis, the total income increased by 41.21% to Rs 825.48 crore for FY13 against Rs 584.56 crore in FY12.

With a considerable increase in its sales, the cost of material consumed, employee expenses and other expenses also grew in same ratio. The company's total expenses stood at Rs 212.71 crore in Q4FY13, a growth of 46.66% from that of Rs 145.04 crore in Q4FY12. The company's EBITDA has increased by 36.42% on a yearly basis and 28.33% on a quarterly basis.

Astral Poly Technik’s net profit was boosted by more than 51% on quarterly basis and 53% on a yearly basis. This was only due to comparatively lower exceptional expenses during the last financial year. Its profit also went up due to the finance costs, which dropped by 30.78% during the quarter. The company has considerably reduced its debt burden from Rs 9.11 crore in FY12 to Rs 7.83 crore in FY13.

The company has announced a final dividend of Rs 0.75 per equity share in addition to the interim dividend of Rs 0.50 per share. The stock price has seen a positive impact after its result. The stock price is up by almost 17%. Further, the Board of Directors of the company has approved a stock split of the face value of Rs 5 each to Rs 2.

Considering the gain seen in its stock price on the day of results announcement, we suggest that readers book partial profits in this counter and hold the remaining quantity to garner better returns going forward.