Sunday, August 26, 2012

Aditya Birla Chemicals (India) Ltd - First Quarter Results - Q1 FY 2013 - Net Sales up 76% YoY; Net Profits up 14% YoY


Aditya Birla Chemicals (India) Limited

First Quarter Results
Q1 fy 2013


ADITYA BIRLA CHEMICALS (INDIA) LIMITED has released its first quarter results for q/e June 2012.

HIGH LIGHTS


Net Sales for Q1 FY 13 stands at Rs.178.15 Cr; up by  7.1% from Q4 FY 12(Rs.166.34 Cr); and up by 76.45% from Q1 FY 12 (Rs.100.97 Cr).

Total Expenditure for Q1 FY 13 stands at Rs. 144.33 Cr; down by -3.27% from Q4 FY 12(Rs.          149.22 Cr); and up by 89.17% from Q1 FY 12 (Rs.76.30 Cr).

Profit before Interest, Dep. & Taxes        for Q1 FY 13 stands at Rs.33.81 Cr; up by 97.49% from Q4 FY 12(Rs.17.12 Cr); and up by 37.1% from Q1 FY 12 (Rs.24.66 Cr).

Net Profit  for Q1 FY 13 stands at Rs.7.77 Cr; up by 153.76% from Q4 FY 12 (Rs.3.06 Cr); and up by          13.57% from Q1 FY 12 (Rs.6.84 Cr).

Diluted EPS      for Q1 FY 13 stands at Rs.3.32 –against Rs.1.31 for Q4 FY 12; and Rs.2.92 for q1 FY 12.

2 week high/low price : Rs.109.75/63.00

Current MP : RS.81.55


QUARTERLY RESULTS TABLE

AB CHMICALS
30-Jun-12
QoQ % dif
31-Mar-12
YoY % dif
30-Jun-11
31-Dec-11
30-Sep-11
Net Sales
17814.98
7.1
16634.01
76.45
10096.58
17267.55
16899.11
Total Expenditure
14433.54
-3.27
14921.76
89.17
7630.12
14849.08
13179.75
Profit before Interest, Dep. & Taxes
3381.44
97.49
1712.25
37.1
2466.46
2418.47
3719.36
Net Profit
776.55
153.76
306.02
13.57
683.78
-618.81
58.96
Diluted EPS
3.32
153.44
1.31
13.7
2.92
-2.65
0.25
Net Sales
17814.98
7.1
16634.01
76.45
10096.58
17267.55
16899.11
Changes in inventories of FG/ WIP/ SIT
-143.83
-135.3
407.48
-57.59
-339.13
-391.03
1.29
Cost of materials
9839.01
-5.65
10427.79
84.63
5329.08
10713.65
8853.16
Purchases of SIT
449.25
1214.37
34.18
-
-
-
Employee benefits expense
1037.66
7.56
964.72
72.06
603.08
966.71
959.64
Depreciation
1472.41
3.19
1426.84
66.09
886.5
1596.39
1492.2
Other expenses
1779.04
7.12
1660.75
54.62
1150.59
1963.36
1873.46
Total expenses
14433.54
-3.27
14921.76
89.17
7630.12
14849.08
13179.75
Profit before tax
1726.52
-9215.73
-18.94
5.91
1630.11
-751.82
805.89
Tax Expenses
949.97
-392.33
-324.96
0.38
946.33
-133.01
746.93
Net Profit
776.55
153.76
306.02
13.57
683.78
-618.81
58.96
Face Value (Rs )
10
0
0
0
0
Paid-up Equity
2338.65
0
2338.65
0
2338.65
2338.65
2338.65
Diluted EPS
3.32
153.44
1.31
13.7
2.92
-2.65
0.25
Public holding (%)
44
0
44
0
44
44
44


ABOUT THE COMPANY :

Aditya Birla Chemicals (India) (ABCIL) is a unit of the Aditya Birla Group.

Commissioned in 1984 with an initial caustic soda capacity of 33,000 tpa, the company has since grown to become a leading caustic soda producer in the eastern region of the country. The company has a 30MW captive power plant, and has also converted to mercury cell technology. Currently, the installed capacity stands at 105,000 tpa.

For value addition and the effective utilisation of chlorine, ABCIL commissioned an aluminium chloride and stable bleaching powder (SBP) plant. Aluminium chloride is the principal catalyst used in the Friedel-Crafts reaction and widely used in pharmaceuticals, chemical intermediates, agrochemicals, dyestuffs and pigments, hydrocarbon resins, flavours and fragrances. SBP is used in textile mills for bleaching, sanitation, sewage systems, tanning process, organic synthesis and other applications.

The company acquired a major competitor unit in the eastern region, the Chloro Chemicals division of Renukoot-based Kanoria Chemicals, in May 2011, to enrich the portfolio of Aditya Birla Chemicals. With the addition of this unit, named Renukoot Chemical Division (RCD), Aditya Birla Chemicals ranks as one of the leading players in the chlor-alkali segment in India.

The acquisition added about 115,000 tpa to the existing 105,000 tpa caustic capacity of ABCIL. With the already existing captive power production capacity of 50MWh at RCD, the company has finalised brownfield expansion by an additional 145 tpd of caustic soda capacity.

RCD utilises most of the chlorine available for its value-added products such as SBP, poly aluminium chloride, chlorosulphonic acid, aluminium chloride and chlorinated paraffin wax


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