Astral Poly Technik Ltd's Q2FY17 consolidated net profit rises 41.23% yoy to Rs.30.11 crore : Beats Estimates

India Infoline Research Team | November 17, 2016 16:56 IST

Astral Poly Technik Ltd Q2FY17

Consolidated Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 436.70 10.2
EDITDA 56.52 8.3
EBITDA Margin (%) 12.9 [24]
Net Profit (adjusted) 30.11 41.2
***EBITDA margin change is bps


Astral Poly Technik Ltd.’s consolidated Q2FY17 result beats Bloomberg estimates. Revenue came in 1.7% higher than the estimate of Rs 430 cr. EBITDA stood 43.5% higher than the estimate of Rs 39 cr. Net profit was 9.5% higher than the estimated figure of Rs 28 cr.

Revenue for the quarter increased 10.2% yoy to Rs 436.7 cr. This was led by 9% and 14 % yoy growth in plastic and adhesive segment respectively.

EBITDA increased by 8.3% yoy to Rs 56.52 cr while EBITDA margins fell by 24 bps yoy at 12.9%.

Reported net profit jumped by 41.2% yoy to Rs30.11 cr. This was led 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 previous closing of Rs. 400.05 on the BSE.
The scrip opened at Rs. 401.85 and has touched a high and low of Rs. 408 and Rs. 400.15 respectively. So far 7596(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 100 DMA.

BSE 395.05 [1.40] ([0.35]%)
NSE 396.50 [0.50] ([0.13]%)

***Note: This is a NSE Chart

 

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