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

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 (3QFY21); Net Profit Up 155.2%
Fri, 5 Feb

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

APOLLO TYRES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m43,99742,82751,53820.3%17.1%
Other incomeRs m17838563665.3%257.1%
TurnoverRs m44,17543,21152,17420.7%18.1%
ExpensesRs m38,66235,87941,64416.1%7.7%
Gross profitRs m5,3356,8889,83942.8%84.4%
DepreciationRs m2,8303,3083,273-1.1%15.7%
InterestRs m6731,1671,049-10.1%55.9%
Profit before taxRs m2,0112,7976,153119.9%205.9%
TaxRs m2727981,715114.9%530.1%
Profit after taxRs m1,7392,0004,438121.9%155.2%
Gross profit margin%12.116.119.1
Effective tax rate%13.528.527.9
Net profit margin%3.94.68.5
* 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 17.1% on a year-on-year (YoY) basis. The expenses were up by 7.7% YoY during the same period.
  • The company's operating profit increased by 84.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.1% in 3QFY21 as against 12.1% in 3QFY20.
  • Depreciation charges increased by 15.7% and finance costs increased by 55.9% YoY, respectively.
  • Other income increased by 257.1% YoY during the quarter.
  • Net profit for the quarter increased by 155.2% YoY. Net profit margins during the quarter increased from 3.9% in 3QFY20 to 8.5% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 20.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 16.1% QoQ during the same period.
  • The company's operating profit increased by 42.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.1% in 3QFY21 as against 16.1% in 2QFY20.
  • Net profit for the quarter increased by 121.9% QoQ, while net profit margins increased from 4.6% in 2QFY20 to 8.5% in 3QFY21.

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

Revealed: 3 Stocks for Potentially Massive Gains

APOLLO TYRES Share Price Performance

Over the last one year, APOLLO TYRES share price has moved up from Rs 168.4 to Rs 241.0, registering a Gain of Rs 72.6 or around 43.1%.

Overall, the S&P BSE SENSEX is up 27.3% over the year.

Current Valuations

At the current price of Rs 241.0, the price to earnings (P/E) ratio of APOLLO TYRES stands at 20.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.3 times.

Equitymaster requests your view! Post a comment on "APOLLO TYRES Announces Quarterly Results (3QFY21); Net Profit Up 155.2%". Click here!

  

Related Views on News

BALKRISHNA INDUSTRIES Share Price Down by 5%; BSE 500 Index Down 3.0% (Market Updates)

Apr 12, 2021 | Updated on Apr 12, 2021

BALKRISHNA INDUSTRIES share price is trading down by 5% and its current market price is Rs 1,640. The BSE 500 is down by 3.0%. The top gainers in the BSE 500 Index are GSK CONSUMER (up 5.1%) and LAKSHMI VILAS BANK (up 4.8%). The top losers are BALKRISHNA INDUSTRIES (down 4.9%) and BAJAJ FINANCE (down 5.3%).

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.

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

Aug 20, 2020 | Updated on Aug 20, 2020

For the quarter ended June 2020, APOLLO TYRES has posted a net profit of Rs 1 bn (down 195.1% YoY). Sales on the other hand came in at Rs 29 bn (down 33.7% YoY). Read on for a complete analysis of APOLLO TYRES's quarterly results.

More Views on News

Most Popular

A Critical Update on the Market(Fast Profits Daily)

Mar 30, 2021

In this video, I'll tell you why I am recommending caution in the market at this time.

My Recent Recommendation Will Profit from the Global Supply Chain Crisis(Profit Hunter)

Mar 31, 2021

A tiny chemical company, started in the Licence Raj era, is a great example of a new wealth creating opportunity.

My Stock Trading Strategy(Fast Profits Daily)

Mar 31, 2021

In this video I'll show you exactly how I go about picking stocks for trading.

What You Need to Find Hundred Baggers(Profit Hunter)

Mar 30, 2021

100 baggers of the last decade share this common trait. Here's how to use it to nail future multibaggers.

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


Apr 12, 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