Astral Poly Technik Ltd's Q3FY18 consolidated net profit rises 43.2% yoy to Rs46cr : Beats Estimates

The company’s consolidated revenue stood at Rs529cr, up 17.5% yoy and 1.7% qoq.

Feb 13, 2018 06:02 IST India Infoline Research Team

Astral Poly Technik Ltd Q3FY18

Consolidated Results Q3FY18: (Rs. in crore)

Q3FY18 YoY (%)
Revenue 528.54 17.5
EBITDA 73.68 16.1
EBITDA Margin (%) 13.9 [16]
Net Profit (adjusted) 46.31 43.2
***EBITDA margin change is bps


Reco. Price


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Astral Poly Technik reported better than expected numbers for Q3FY18 on the bottom-line front. Revenue grew by 17.5% yoy to Rs529cr against consensus estimate of Rs549cr. EBITDA came in at Rs74cr, up 16.1% yoy, against consensus estimate of Rs78cr. EBITDA margin contracted by 16bps yoy to 13.9%. PAT grew by 43.2% yoy to Rs46cr as against consensus estimate of Rs44cr.
  • Strong revenue growth was on account of 28% increase in volumes.
  • Raw material cost as a percentage of sales declined by 256bps yoy, while other expenses increased by 267bps yoy.
  • Other income increased from Rs1.4cr in Q3FY17 to Rs5.7cr in Q3FY17.
  • Interest expense declined by 13.2% yoy, while there was forex gain of Rs3.5cr vs. loss of Rs2.3cr in Q3FY17.

Technical View:

Astral Poly Technik Ltd ended at Rs. 784.30, down by 10.45 points or 1.31% from its previous closing of Rs. 794.75 on the BSE.
The scrip opened at Rs. 809.95 and touched a high and low of Rs. 809.95 and Rs. 774 respectively. A total of 28,649(NSE+BSE) shares were traded on the counter. The stock traded above its 50 DMA.

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