APOLLO TYRES Announces Quarterly Results (1QFY21); Net Profit Down 195.1%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

APOLLO TYRES Announces Quarterly Results (1QFY21); Net Profit Down 195.1%
Thu, 20 Aug

APOLLO TYRES has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

APOLLO TYRES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m43,31336,10128,734-20.4%-33.7%
Other incomeRs m275-24268-2.2%
TurnoverRs m43,58836,07729,003-19.6%-33.5%
ExpensesRs m38,56431,35126,362-15.9%-31.6%
Gross profitRs m4,7494,7502,373-50.0%-50.0%
DepreciationRs m2,6733,1373,091-1.4%15.7%
InterestRs m5849121,17228.4%100.7%
Profit before taxRs m1,767677-1,622-339.4%-191.8%
TaxRs m351-101-276-178.6%
Profit after taxRs m1,416779-1,346-272.8%-195.1%
Gross profit margin%11.013.28.3
Effective tax rate%19.9-14.917.0
Net profit margin%3.22.2-4.6
* 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 33.7% on a year-on-year (YoY) basis. The expenses were down by 31.6% YoY during the same period.
  • The company's operating profit declined by 50.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.3% in 1QFY21 as against 11.0% in 1QFY20.
  • Depreciation charges increased by 15.7% and finance costs increased by 100.7% YoY, respectively.
  • Other income declined by 2.2% YoY during the quarter.
  • Net profit for the quarter declined by 195.1% YoY. Net profit margins during the quarter declined from 3.2% in 1QFY20 to -4.6% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 20.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 15.9% QoQ during the same period.
  • The company's operating profit declined by 50.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.3% in 1QFY21 as against 13.2% in 4QFY20.
  • Net profit for the quarter declined by 272.8% QoQ, while net profit margins declined from 2.2% in 4QFY20 to -4.6% in 1QFY21.

To see how APOLLO TYRES has performed over the last eight quarters,please visit here.

New Research: Our #1 Stock Pick Right Now

APOLLO TYRES Share Price Performance

Over the last one year,APOLLO TYRES share price has moved down from Rs 165.1 to Rs 129.3, registering a Loss of Rs 35.8 or around 21.7%.

Overall, the S&P BSE SENSEX is up 2.4% over the year.

Current Valuations

At the current price of Rs 129.3, the price to earnings (P/E) ratio of APOLLO TYRES stands at 32.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.7 times.

Equitymaster requests your view! Post a comment on "APOLLO TYRES Announces Quarterly Results (1QFY21); Net Profit Down 195.1%". Click here!

  

Related Views on News

APOLLO TYRES Announces Quarterly Results (3QFY21); Net Profit Up 155.2% (Quarterly Result Update)

Feb 5, 2021 | Updated on Feb 5, 2021

For the quarter ended December 2020, APOLLO TYRES has posted a net profit of Rs 4 bn (up 155.2% YoY). Sales on the other hand came in at Rs 52 bn (up 17.1% YoY). Read on for a complete analysis of APOLLO TYRES's quarterly results.

APOLLO TYRES Announces Quarterly Results (2QFY21); Net Profit Up 140.8% (Quarterly Result Update)

Nov 6, 2020 | Updated on Nov 6, 2020

For the quarter ended September 2020, APOLLO TYRES has posted a net profit of Rs 2 bn (up 140.8% YoY). Sales on the other hand came in at Rs 43 bn (up 7.4% YoY). Read on for a complete analysis of APOLLO TYRES's quarterly results.

More Views on News

Most Popular

Is Intraday Trading For You?(Fast Profits Daily)

May 13, 2021

Do you think you have what it takes to be an intraday trader? Find out in this video.

My Secret to Find Breakthrough Stocks(Fast Profits Daily)

May 7, 2021

I've used this trading technique for many years with great success. I'm sharing it with you today.

Are the Stock Markets Deaf to Covid Agony?(Profit Hunter)

May 6, 2021

Why are markets discounting the economic impact of Covid?

The Key to Profit from India's EV Revolution(Profit Hunter)

May 7, 2021

Stocks you must consider investing in before buying your first electric vehicle.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

APOLLO TYRES SHARE PRICE


May 14, 2021 (Close)

TRACK APOLLO TYRES

  • Track your investment in APOLLO TYRES with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

APOLLO TYRES 8-QTR ANALYSIS

COMPARE APOLLO TYRES WITH

MARKET STATS