Atul Ltd 2011-12

1 Formed Atul Elkay Polymers Ltd, a 51-49 JV with Elkay Kimyasal Maddeler San ve Tic A.S., to market stone care chemicals (to be manufactured by Atul) 2011-12 in Retrospect Macro-economic environment remained tumultuous ...  World output grew at 2.7% against 3.9% in 2010  Crude oil fluctuated between US$ 75 and US$ 114 per barrel  Indian ` vacillated between 43.95 and 54.24 against the US$ Profitability of Atul dampened, but not its resolve ...  Sales grew by 17% to ` 1761 cr  EBITDA margin came down from 13% to 12%  PBT before exceptional items declined from ` 129 cr to ` 116 cr ... and the Company built new foundations to grow better and faster  converted a major liquid effluent stream into a saleable product  introduced a process to significantly improve recovery of solvents  enhanced ERP for better decision making  completed or is in the process of completing capex of about ` 160 cr  first time acquired a majority stake in an operating company abroad  established two joint ventures in India with foreign companies Acquired 88% stake in DPD Ltd, one of the oldest companies engaged in micro propagation of tissue cultured date palms Formed Rudolf Atul Chemicals Ltd, a 50-50 JV with Rudolf GmbH, to manufacture and market textile chemicals in India