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The consolidated net sales for Q4 has increased by 11% to Rs 748.23 crore. It also includes other operating income of Rs 15.7 crore, a rise of 906% on account of industrial promotion subsidy from mega project at Gadegaon. The net profit has increased by 16% to Rs 60.26 crore.
The net sales for FY11 has increased by 22% to Rs 2469.46 crore on back of 21% growth in plastic business to Rs 2396.45 crore and 94% growth in the construction business to Rs 39.75 crore. The company has processed 2.24 lakh MT of polymers, a growth of 17%. The sales number also includes other operating income of Rs 33.25 crore, a rise of 264% on account of industrial promotion subsidy from mega project at Gadegaon. The net profit has increased by 26% to Rs 195.85 crore due to 88% rise in share of profit from associates.
Segmental revenue break up: - Industrial segment revenues stood at Rs 491.42 crore, consumer segment at Rs 253.55 crore, packaging segment at Rs 579.94 crore and Piping at Rs 1035 crore.
Volume growth in Plastic piping stood at 16%, Packaging segment stood at 23%, industrial segment stood at 17% and consumer segment stood at 24%.
Consolidated
Performance for the quarter ended June 2011 (Q4)
The net sales increased by 11% to Rs 748.23 crore. It also includes other operating income of Rs 15.7 crore, a rise of 906% on account of industrial promotion subsidy from mega project at Gadegaon.
The OPM has inclined by 21 basis points to 15.23% due fall in cost of traded goods and rise in other operating income. The fall in cost of traded goods was by 690 basis points to 4.1% of adjusted net sales. However, there was rise in raw material cost by 360 basis points to 60.3% and other expenditure by 320 basis points to 14.7% of adjusted net sales. The operating profit has increased by 13% to Rs 113.94 crore.
Other income stood at Rs 1.21 crore. The interest cost has increased by 113% to Rs 12.29 crore while depreciation cost inclined by 6% to Rs 16.11 crore. The company made a profit before tax of Rs 86.75 crore, a rise of 9%.
The total tax outgo has stood at Rs 32.73 crore, incline of 20%. The net profit after considering share of profit from associates (Supreme Petrochem) has increased by 16% to Rs 60.26 crore.
Performance for the year ended June 2011
The net sales has increased by 22% to Rs 2469.46 crore on back of 21% growth in plastic business to Rs 2396.45 crore and 94% growth in the construction business to Rs 39.75 crore. The company has processed 2.24 lakh MT of polymers, a growth of 17%. The sales number also includes other operating income of Rs 33.25 crore, a rise of 264% on account of industrial promotion subsidy from mega project at Gadegaon
Segmental revenue break up: - Industrial segment revenues stood at Rs 491.42 crore, consumer segment at Rs 253.55 crore, packaging segment at Rs 579.94 crore and Piping at Rs 1035 crore.
Volume growth in Plastic piping stood at 16%, Packaging segment stood at 23%, industrial segment stood at 17% and consumer segment stood at 24%.
Value growth in Plastic piping stood at 24%, Packaging segment stood at 27%, industrial segment stood at 29% and consumer segment stood at 11%.
OPM has decreased by 34 basis points to 14.47% due to rise in raw material cost of 220 basis points to 60.8% of adjusted net sales. The operating profit was up by 20% to Rs 357.39 crore.
The other income has increased by 7% to Rs 4.49 crore. The interest cost has increased by 29% to Rs 42.51 crore, whereas the depreciation increased by 17% to Rs 61.91 crore. The profit before tax stood at Rs 257.46 crore, a rise of 19%.
The total tax outgo stood at Rs 87.73 crore, rise of 17%. The effective tax rate stood at 34% The net profit after considering share of profit from associates has increased by 26% to Rs 195.85 crore due to 88% rise in share of profit from associates.
Other Developments
The board of director has recommended final dividend of Rs 3 per share.
Valuation
The scrip was trading at around Rs 208.55 on BSE.
The promoters holding in the company is at 49.62%.
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