BHANSALI ENGINEERING POLYMERS has declared excellent Results for the third quarter ending December'2017. The results are here under.
BHANSALI has also chalked up impressive expansion plans for the future.
The company says the following in its Results :
1. The effort to tie up Technology and selecting the Port-based Green field project location is shaping up fast.
2.Captive manufacturing programme for HRG and Bulk SAN at this location will be based on state of the Art technology. substantial savings in logistic cost and benefit of economies of scale result in cost and quality competitiveness against International Giants in ABS manufacturing field.
3. This project is likely to be commissioned by 31.03.2021 (and not 2022 envisaged earlier).
4.At Abu Road, - capacity expansion will be - (i) 100 KTPA ABS capacity to be completed by 31.03.2018 at Rs.20 Crores. (ii) 137 KTPA by 31.12.2018 at Rs.30 Crores. Total Rs.50 Cr.
5. Growth momentum minimum at 15% CAGR beyond 2019 - through imports
6. R&D centre at Abu Road is likely to be completed by 31.12.2018 at Rs.20 cr. Later, it will be shifted to New R&D cemtre at Port based location.
All this indicates that company's expansions will be continuous and will cater to all domestic needs in future, import substitution and potentially, exports to other countries also later in the future.
|BHANSALI ENGG||Dec '17||Sep '17||Jun '17||Mar '17||Dec '16||YOY||QOQ|
|Other Operating Income||--||--||--||0.12||--|
|Increase in Stocks||-0.11||22.08||11.34||-13.8||-22.98||-99.52||-100.5|
|P/L Before Other Inc. , Int., Excpt. Items & Tax||41.76||36.27||28.01||20.55||7.74||439.53||15.14|
|P/L Before Int., Excpt. Items & Tax||47.32||38.32||28.84||26.94||8.18||478.48||23.49|
|P B T||45.08||35.83||27.73||24.33||5.9||664.07||25.82|
Note : This does not constitute a BUY / SELL / HOLD RECOMMENDATION
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