Emmbi Polyarns FY10 PAT up by 38.73%

Emmbi Polyarns Limited (BSE code: 533161), one of the well established brands in the field of woven polyethylene and polypropylene product manufacturing industry, reported a robust growth in revenues and profit after tax for the year ended, March 31, 2010.

The company saw an increase in net sales by an impressive 30.44% from Rs. 39.73 Cr to Rs. 51.83 Cr during the same period for the last fiscal.  The profit after tax for the year ended March 31, 2010 stood at Rs. 1.76 Cr, resulting into an increase of 38.73%, as against Rs. 1.26 Cr in the corresponding period of the last fiscal.

Earnings per share went up to Rs. 2.04 as against Rs. 1.62 in the previous year recording an increase of about 25.92%.

Commenting on the results Mr. Makrand Appalwar – Managing Director, Emmbi Polyarns Ltd. said, “We have yet again produced good results. The figures have come in line with our expectations. We will continue striving hard to produce some excellent figures in the year ahead. There will be marked improvement in our PAT & EPS after the completion of the Expansion Project in the Year 2010-11”

About Emmbi Polyarns Limited:
Emmbi started the production of FIBC (Jumbo Bags) Geo-textiles, Canal Liners, Pond Liners, Flexible Tanks, Car Covers, Lumber Cover, PP Fibrillated Stitching Yarn, Container Liners, Protective irrigation system, etc back in 2006 & there has been no looking back since then.

They became among the first few companies in India to receive ISO Certification for the Management system in Woven Sack Industry. The Company is promoted by the first-generation entrepreneurs, Mr. Makrand Appalwar and Mrs. Rinku Appalwar from November 1994. Emmbi Polyarns is one of the well established brands in the field of woven polyethylene and polypropylene product manufacturing industry having a track record of business in the field of woven sacks and Flexible Intermediate Bulk Container (FIBC) container liners, Canal Liners, Protective Irrigation Systems, Flexi Tanks, Car Covers which find large scale application in the segments like cement and fertilizer. Geotextile are permeable fabrics which, when used in association with soil, have the ability to separate, filter, reinforce, protect, or drain. Typically made from polypropylene or polyester, Emmbi Polyarns is a pioneer in the production of these Geo-textile woven fabrics.

Their manufacturing unit is located out of Silvassa & have been awarded SME 2 rating by CRISIL Limited which indicates ‘High’ level of credit worthiness.