APOLLO TYRES Announces Quarterly Results (4QFY20); Net Profit Down 7.3%

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APOLLO TYRES Announces Quarterly Results (4QFY20); Net Profit Down 7.3%
Thu, 21 May

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

APOLLO TYRES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m42,73743,99736,101-17.9%-15.5%
Other incomeRs m485178-24-113.5%-104.9%
TurnoverRs m43,22244,17536,077-18.3%-16.5%
ExpensesRs m38,49138,66231,351-18.9%-18.5%
Gross profitRs m3,2465,3354,750-11.0%46.3%
DepreciationRs m2,3142,8303,13710.9%35.6%
InterestRs m43467391235.6%110.2%
Profit before taxRs m9842,011677-66.3%-31.1%
TaxRs m144272-101-137.2%-170.4%
Profit after taxRs m8401,739779-55.2%-7.3%
Gross profit margin%7.612.113.2
Effective tax rate%14.613.5-14.9
Net profit margin%1.93.92.2
* 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 15.5% on a year-on-year (YoY) basis. The expenses were down by 18.5% YoY during the same period.
  • The company's operating profit increased by 46.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.2% in 4QFY20 as against 7.6% in 4QFY19.
  • Depreciation charges increased by 35.6% and finance costs increased by 110.2% YoY, respectively.
  • Other income declined by 104.9% YoY during the quarter.
  • Net profit for the quarter declined by 7.3% YoY. Net profit margins during the quarter increased from 1.9% in 4QFY19 to 2.2% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 17.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 18.9% QoQ during the same period.
  • The company's operating profit declined by 11.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.2% in 4QFY20 as against 12.1% in 3QFY19.
  • Net profit for the quarter declined by 55.2% QoQ, while net profit margins declined from 3.9% in 3QFY19 to 2.2% in 4QFY20.

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

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APOLLO TYRES Share Price Performance

Over the last one year,APOLLO TYRES share price has moved down from Rs 182.1 to Rs 92.0, registering a Loss of Rs 90.1 or around 49.5%.

Overall, the S&P BSE SENSEX is down 21.4% over the year.

Current Valuations

At the current price of Rs 92.0, the price to earnings (P/E) ratio of APOLLO TYRES stands at 9.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.5 times.

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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)

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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.

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