BHANSALI ENGINEERING POLYMERS LTD - CONSOLIDATED RESULTS FOR Q3 FY 2017-18 - Q E DEC 2017

BHANSALI ENGINEERING POLYMERS LTD

CONSOLIDATED RESULTS 

FOR Q3 FY 2017-18

Q/E DEC 2017

The third quarter results for Q/E December 2017 for SREELEATHERS Ltd are presented below.Net Sales have gone up 110 % YoY. Net Profit has gone up  850%. PE ratio stands at 24. Volume of transactions stands AT 196,079 on NSE.

 

BHANSALI ENGG	Dec '17	Sep '17	Dec '16	YOY	QOQ
Net Sales	257.93	247.94	122.95	109.78	4.03
Total Income	257.93	247.94	122.95	109.78	4.03
EXPENDITURE
Consumption of Raw Materials	147.31	142.53	113.44	29.86	3.35
Purchase of Traded Goods	35.99	13.68	--		163.08
Increase/Decrease in Stocks	-0.11	22.08	-22.98	-99.52	-100.5
Employees Cost	10.83	8.91	6.2	74.68	21.55
Depreciation	1.55	1.54	1.37	13.14	0.65
Other Expenses	20.61	22.93	17.18	19.97	-10.12
P.B.Other Inc. , Int., Excpt. Items & Tax	41.76	36.27	7.74	439.53	15.14
Other Income	5.56	2.04	0.44	1163.64	172.55
P.B. Int., Excpt. Items & Tax	47.32	38.32	8.18	478.48	23.49
Interest	2.25	2.48	2.29	-1.75	-9.27
P B T	45.08	35.83	5.9	664.07	25.82
Tax	16.02	10.73	2.84	464.08	49.3
Net Profit	29.06	25.1	3.06	849.67	15.78
Equity Share Capital	16.59	16.59	16.59	0	0
Basic EPS	1.75	1.51	0.18	872.22	15.89
Diluted EPS	1.75	1.51	0.18	872.22	15.89
MP	170
PE	24.29

Bhansali Engineering Polymers Limited (BEPL) is one of the two leading Petrochemical Companies in India involved in the manufacturing of ABS & SAN. BEPL is a vertically integrated petrochemical company that Manufactures ABS which acts as a raw material for leading companies in Automobiles, Home Appliances, Telecom, Luggage, Bus Body and various other multifaceted applications. The Company, with a view to expand its footprint in ABS Market, acquired two units of competitors viz. Polychem, Baroda & Rajasthan Polymers Resins Ltd (RPRL), Abu Road in the year 1999 & 2003 respectively and consolidated its entire ABS Production activities in Abu Road, Rajasthan and HRG at Satnoor, MP.

The company has now undertaken impressive expansion programs for ABS Compounding from 80 KTPA to 137 KTPA, and is setting up an R & D centre at Abu Road and so on. 

The company deems it prudent to augment ABS capacity at Abu Road to 137 KTPA by 31.12.2008. Upto 100 KTPA is likely to be finished by 31^st March 2018 itself. There are other expansions in store. It will be interesting to watch the fast completion of these expansions by the company.

We can expect impressive increases in sales and Net profits periodically in view of these periodical expansions. 

Note : This does not constitute a Buy/Sell/Hold Recommendation

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