APAR INDUSTRIES Announces Quarterly Results (1QFY20); Net Profit Up 51.0%

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APAR INDUSTRIES Announces Quarterly Results (1QFY20); Net Profit Up 51.0%
Tue, 13 Aug

APAR INDUSTRIES has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

APAR INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m14,04624,64619,816-19.6%41.1%
Other incomeRs m454241-1.0%-7.4%
TurnoverRs m14,09124,68719,857-19.6%40.9%
ExpensesRs m13,00123,29218,445-20.8%41.9%
Gross profitRs m1,0451,3531,3711.3%31.2%
DepreciationRs m14117619912.8%41.1%
InterestRs m52551456910.6%8.3%
Profit before taxRs m424705644-8.5%52.1%
TaxRs m150267232-13.2%54.2%
Profit after taxRs m273437412-5.7%51.0%
Gross profit margin%7.45.56.9
Effective tax rate%35.537.936.0
Net profit margin%1.91.82.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 41.1% on a year-on-year (YoY) basis. The expenses were up by 41.9% YoY during the same period.
  • The company's operating profit increased by 31.2% YoY during the quarter. Consequently, operating profit margins remained same and stood at 6.9% in 1QFY20.
  • Depreciation charges increased by 41.1% and finance costs increased by 8.3% YoY, respectively.
  • Other income declined by 7.4% YoY during the quarter.
  • Net profit for the quarter increased by 51.0% YoY. Net profit margins during the quarter increased from 1.9% in 1QFY19 to 2.1% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 19.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 20.8% QoQ during the same period.
  • The company's operating profit increased by 1.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.9% in 1QFY20 as against 5.5% in 4QFY19.
  • Net profit for the quarter declined by 5.7% QoQ, while net profit margins increased from 1.8% in 4QFY19 to 2.1% in 1QFY20.

To see how APAR INDUSTRIES has performed over the last eight quarters,please visit here.

APAR INDUSTRIES Share Price Performance

Over the last one year,APAR INDUSTRIES share price has moved down from Rs 561.9 to Rs 530.8, registering a Loss of Rs 31.1 or around 5.5%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,102.1 (down 1.2%). Over the last one year it has moved down from 18,029.9 to 17,102.1, a gain of 928 points (down 5.1%).

Overall, the S&P BSE SENSEX is down 1.3% over the year.

Current Valuations

At the current price of Rs 530.8, the price to earnings (P/E) ratio of APAR INDUSTRIES stands at 13.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.9 times.

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