Results     03-Feb-16
Analysis
Gulshan Polyols
Raw material cost increased due to draught conditions in maize growing area
Related Tables
 Gulshan Polyols results
Total revenue stands at Rs 109 crore as compared to Rs 115 crore of the corresponding quarter of the previous year; a fall of 5%

Operating Profit was at Rs 14.74 crore as compared to Rs 16.15 crore of the corresponding quarter of the previous year; a fall of 9%

Profit after tax (PAT) was at Rs 7.62 crore as compared to Rs 8.77 crore of the corresponding quarter of the previous year; a fall of 13%.

Performance for the quarter ended December 2015

For quarter ended December 2015, the overall top-line fell 5% to Rs 109.44 crore compared to corresponding previous year period. Operating margins of the company fell 60 bps to 13.5% as cost of raw material consumed as a percentage of net sales (net of stock adjustment) rose 380 bps to 46% due to draught conditions in maize growing area while employee expenses rose 100 bps to 3.9% limited by 10 bps decrease in purchase of stock in trade to 0%, 200 bps decrease in other expenses to 11.9% and 260 bps fall in manufacturing expenses. As a result operating profits fell 9% to Rs 14.74 crore.

Other income rose 15% to Rs 0.79 crore. Interest cost decreased by 11% to Rs 0.58 crore. Depreciation rose 9% to Rs 5.65 crore. PBT fell 16% to Rs 9.3 crore. Considering 230 bps fall in effective tax rate to 18.1% net profit fell 13% to Rs 7.62 crore.

Performance for nine months ended December 2015

For nine months ended December 2015, the overall top-line rose 6% to Rs 322.5 crore compared to corresponding previous year period. However company operating margins rose 50 bps to 13.8% as cost of material consumed as a percentage of net sales (net of stock adjustment) rose 280 bps to 44.7% and employee benefit expenses increased 60 bps to 3.8% while other expenses decreased 220 bps to 12.4% and manufacturing expenses decreased 190 bps to 25.4%. As a result operating profits grew 10% to Rs 44.39 crore.

Other income rose 101% to Rs 4.07 crore. Interest cost increased by 18% to Rs 2.75 crore. Depreciation rose 10% to Rs 17.19 crore. PBT as a result rose 16% to Rs 28.52 crore. Considering 80 bps fall in effective tax rate to 19.6% PAT rose 18% to Rs 22.94 crore.

The scrip closed Rs 390 at BSE

Previous News
  Board of Gulshan Polyols recommends final dividend
 ( Corporate News - 13-May-23   10:51 )
  Gulshan Polyols consolidated net profit rises 23.14% in the March 2023 quarter
 ( Results - Announcements 13-May-23   07:39 )
  Gulshan Polyols schedules board meeting
 ( Corporate News - 13-Jan-21   10:51 )
  Gulshan Polyols to discuss results
 ( Corporate News - 31-Jul-20   10:14 )
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 ( Analyst Meet / AGM - Conference Call 09-Nov-22   22:23 )
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 ( Results - Announcements 29-May-16   16:23 )
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 ( Corporate News - 18-May-21   12:01 )
  Gulshan Polyols standalone net profit declines 67.96% in the September 2022 quarter
 ( Results - Announcements 09-Nov-22   18:02 )
  Board of Gulshan Polyols recommends final dividend
 ( Corporate News - 01-Jun-16   09:48 )
  Gulshan Polyols net profit declines 30.62% in the December 2009 quarter
 ( Results - Announcements 02-Feb-10   18:13 )
  Gulshan Polyols climbs after HSBC sanctions term loan
 ( Hot Pursuit - 23-Dec-21   09:59 )
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