Kemrock Industries Q1FY11 net sales up 62.36% at Rs 169.27 cr

Kemrock Industries and Exports Ltd., one of the leading manufacturers of reinforced polymer (FRP) composites, today announced the results for the period ended September 30, 2010.

Net sales grew by 62.36 per cent at Rs 169.27crore for the quarter ended September 30, 2010 compared to Rs 104.25 crore in the corresponding quarter last year. EBDITA grew by 70.19 per cent to Rs 47.10 crore compared to Rs 27.68 crore in the corresponding period under review last year. Net profit during the quarter grew by 60.79 per cent to Rs 13.76 crore. On equity capital of Rs 16.75 crore, the earning per share (fully diluted) for the quarter ended September 30, 2010 stood at Rs 7.89

For the 15-months period ended June 30, 2010, the company had posted net sales of Rs 607.83 crore and a net profit of Rs 52.69 crore.

On announcing the results, Mr Kalpesh Patel, CMD, Kemrock Industries & Exports Ltd., said, “Our performance reflects our leadership established in the Indian composite industry across verticals. Going forward, we are looking establishing our footprints in the global market. The current growth momentum indicates that the company is prepared to move to the next level.”

About Kemrock Industries and Exports Ltd
(BSE: 526015; NSE: KEMROCK; LuxSE US4884721014)
Headquartered in Vadodara, Kemrock Industries and Exports Ltd., is India’s leading producer of FRP/GRP composites, offering a fully integrated range of raw materials and engineered composites products.  Established in 1981 as a small start-up and incorporated in 1991, the company offers world-class integrated solutions – from design to delivery - in its state-of-the-art manufacturing unit at Vadodara, which houses most of the processes at a single location. The company provides the largest portfolio of composite products and delivers both ready and customised solutions, which are ideal replacements for traditional materials prone to corrosion & maintenance. The company’s product range includes Thermo-setting Resins & Composite Products such as Windmill Blade, Rail Coach Interiors & Exteriors, Cable Management Systems, Pultruded profiles, Gratings, Piping Systems, Lighting Poles, Access Systems  and now  Carbon Fibre.

Kemrock Industries has established a prominent position across domestic and international markets, including product presence in over 50 countries. The company’s securities are listed on the Bombay Stock Exchange, National Stock Exchange and Luxembourg Stock Exchange.