Emmbi Polyarns revenue up 33% to Rs 17.8 cr

For the Quarter

• Net sales increased by 32.6% to Rs 17.8 cr
• PAT increased by 3.81% to Rs 84.50 Lakh

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 33% rise in revenue to Rs. 17.8 cr for the quarter ended 30th Sept, 2010.

While the company saw its net profit touching Rs 84.50 Lakh for 2nd Quarter, its EPS rose to Rs. 0.51 for the reporting quarter.

The Managing Director, Mr. Makrand Appalwar, Emmbi Polyarns Ltd. commenting on the performance said, “We are seeing a strong demand environment across our industry verticals. This helped company to build top line with a steep increase over the past few months. This has also helped us expand our revenue, while there is a marginal growth in the profit because company has to employ lots of New employees in view of the completing expansion and also has to out source some of its production to supply the material to its market development  project.

We expect that the same trend will continue in the top line growth and there will be much better profitability to the company once the project is complete in the month of December 2010 .We hope to see a better set of numbers in the next quarter as well. We thank our shareholders for their continuous support & hope to receive the same in future as well.”

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.