APL APOLLO TUBES Announces Quarterly Results (4QFY21); Net Profit Up 121.1%

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APL APOLLO TUBES Announces Quarterly Results (4QFY21); Net Profit Up 121.1%
Thu, 8 Jul

APL APOLLO TUBES has announced its results for the quarter ended March 2021. Here is a detailed performance review of the same:

APL APOLLO TUBES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-20*
3
Dec-20*
3
Mar-21*
QoQ ChangeYoY Change
Net SalesRs m18,88526,00925,870-0.5%37.0%
Other incomeRs m838312651.6%51.7%
TurnoverRs m18,96826,09325,996-0.4%37.1%
ExpensesRs m17,68623,68823,8050.5%34.6%
Gross profitRs m1,1992,3212,065-11.1%72.2%
DepreciationRs m2552622755.0%8.0%
InterestRs m241147144-2.3%-40.4%
Profit before taxRs m7861,9951,772-11.2%125.4%
TaxRs m178507428-15.6%140.2%
Profit after taxRs m6081,4881,344-9.7%121.1%
Gross profit margin%6.38.98.0
Effective tax rate%22.725.424.2
Net profit margin%3.25.75.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 37.0% on a year-on-year (YoY) basis. The expenses were up by 34.6% YoY during the same period.
  • The company's operating profit increased by 72.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 8.0% in 4QFY21 as against 6.3% in 4QFY20.
  • Depreciation charges increased by 8.0% and finance costs declined by 40.4% YoY, respectively.
  • Other income increased by 51.7% YoY during the quarter.
  • Net profit for the quarter increased by 121.1% YoY. Net profit margins during the quarter increased from 3.2% in 4QFY20 to 5.2% in 4QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.5% QoQ during the same period.
  • The company's operating profit declined by 11.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.0% in 4QFY21 as against 8.9% in 3QFY20.
  • Net profit for the quarter declined by 9.7% QoQ, while net profit margins declined from 5.7% in 3QFY20 to 5.2% in 4QFY21.

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

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APL APOLLO TUBES Share Price Performance

Over the last one year, APL APOLLO TUBES share price has moved up from Rs 342.7 to Rs 1,582.9, registering a Gain of Rs 1,240.2 or around 361.9%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 18,559.8 (down 2.5%). Over the last one year it has moved up from 7,434.3 to 18,559.8, a gain of 11,126 points (up 149.7%).

Overall, the S&P BSE SENSEX is up 43.9% over the year.

Current Valuations

At the current price of Rs 1,582.9, the price to earnings (P/E) ratio of APL APOLLO TUBES stands at 48.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 14.7 times.

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