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

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.