APAR INDUSTRIES Announces Quarterly Results (3QFY20); Net Profit Up 5.6%

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APAR INDUSTRIES Announces Quarterly Results (3QFY20); Net Profit Up 5.6%
Mon, 27 Jan

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

APAR INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m21,19118,29118,3660.4%-13.3%
Other incomeRs m311814-22.9%-55.9%
TurnoverRs m21,22218,30818,3800.4%-13.4%
ExpensesRs m20,04717,19617,135-0.4%-14.5%
Gross profitRs m1,1441,0951,23112.5%7.6%
DepreciationRs m1712172253.4%31.2%
InterestRs m417674518-23.1%24.3%
Profit before taxRs m587222502126.5%-14.5%
TaxRs m240-117136-43.5%
Profit after taxRs m3473393678.1%5.6%
Gross profit margin%5.46.06.7
Effective tax rate%40.9-52.927.0
Net profit margin%1.61.92.0
* 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 fell 13.3% on a year-on-year (YoY) basis. The expenses were down by 14.5% YoY during the same period.
  • The company's operating profit increased by 7.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.7% in 3QFY20 as against 5.4% in 3QFY19.
  • Depreciation charges increased by 31.2% and finance costs increased by 24.3% YoY, respectively.
  • Other income declined by 55.9% YoY during the quarter.
  • Net profit for the quarter increased by 5.6% YoY. Net profit margins during the quarter increased from 1.6% in 3QFY19 to 2.0% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 0.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.4% QoQ during the same period.
  • The company's operating profit increased by 12.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.7% in 3QFY20 as against 6.0% in 2QFY19.
  • Net profit for the quarter increased by 8.1% QoQ, while net profit margins increased from 1.9% in 2QFY19 to 2.0% in 3QFY20.

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

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APAR INDUSTRIES Share Price Performance

Over the last one year,APAR INDUSTRIES share price has moved down from Rs 615.9 to Rs 412.8, registering a Loss of Rs 203.1 or around 33.0%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,694.7 (down 0.2%). Over the last one year it has moved up from 17,174.3 to 17,694.7, a gain of 520 points (up 3.0%).

Overall, the S&P BSE SENSEX is up 14.2% over the year.

Current Valuations

At the current price of Rs 412.8, the price to earnings (P/E) ratio of APAR INDUSTRIES stands at 10.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.4 times.

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