Results     19-May-15
Analysis
Styrolution ABS (India)
OP up by 109%
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 Styrolution ABS (India): Results
For the quarter ended Mar'15, net sales de grew by 10% to Rs 267.99 crore. OPM was up by 420 bps to 7.4%, on a low base of Mar'14 and thus lead the OP growth to 109% to Rs 19.90 crore. Other income was down by 93% to Rs 0.29 crore. Interest costs and depreciation costs were higher by 250% and 14% respectively to Rs 3.36 crore and Rs 4.67 crore. Thus, PBT was higher by 43% to Rs 12.16 crore. After providing total tax of Rs 2.95 crore, up by 18%, PAT for Mar'15 quarter stood at Rs 9.21 crore, up by 53% YoY.

Performance for 15 months ended March 2015

For the 15 months ended Mar'15, net sales stood at Rs 1463.29 crore. OPM at 5.5%, resulting in OP of Rs 81 crore. Other income stood at Rs 4.70 crore. Interest costs and depreciation stood at Rs 12.65 crore and Rs 21.32 crore respectively. After providing total tax of Rs 16.71 crore, PAT for 15 months ended Mar'15 stood at Rs 35.02 crore.

The company has approved the change in company's current financial year from Jan 2014 to Dec 2014 (12 months) to March 2015 (15 months). Accordingly subsequent financial years would be of 12 months from April to March.

The company has declared dividend of Rs 4 per share of face value of Rs 10 each for the period ended March 2015.

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