APM INDUSTRIES Announces Quarterly Results (1QFY19); Net Profit Down 82.7%

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APM INDUSTRIES Announces Quarterly Results (1QFY19); Net Profit Down 82.7%
Wed, 8 Aug

APM INDUSTRIES has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

APM INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m79361770714.6%-10.9%
Other incomeRs m284410-78.2%-65.8%
TurnoverRs m8216607178.5%-12.7%
ExpensesRs m73259867913.4%-7.3%
Gross profitRs m61182954.9%-53.6%
DepreciationRs m1213135.6%15.7%
InterestRs m1012121.7%24.5%
Profit before taxRs m683713-66.5%-81.6%
TaxRs m1864-34.5%-78.5%
Profit after taxRs m50329-72.4%-82.7%
Gross profit margin%7.73.04.0
Effective tax rate%26.115.530.4
Net profit margin%6.14.81.2
* 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 10.9% on a year-on-year (YoY) basis. The expenses were down by 7.3% YoY during the same period.
  • The company's operating profit declined by 53.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.0% in 1QFY19 as against 7.7% in 1QFY18.
  • Depreciation charges and finance costs increased by 15.7% YoY and 24.5% YoY, respectively.
  • Other income declined by 65.8% YoY during the quarter.
  • Net profit for the quarter declined by 82.7% YoY. Net profit margins during the quarter declined from 6.1% in 1QFY18 to 1.2% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 14.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 13.4% QoQ during the same period.
  • The company's operating profit increased by 54.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 4.0% in 1QFY19 as against 3.0% in 4QFY18.
  • Net profit for the quarter declined by 72.4% QoQ, while net profit margins declined from 4.8% in 4QFY18 to 1.2% in 1QFY19.

To see how APM INDUSTRIES has performed over the last eight quarters, please visit here.

APM INDUSTRIES Share Price Performance

Over the last one year, APM INDUSTRIES share price has moved up from Rs 57.0 to Rs 48.5, registering a Loss of Rs 8.5 or around 14.9%.

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 48.5, the price to earnings (P/E) ratio of APM INDUSTRIES stands at 12.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

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Related Views on News

APM INDUSTRIES Announces Quarterly Results (4QFY19); Net Profit Down 19.7% (Quarterly Result Update)

Jun 26, 2019 | Updated on Jun 26, 2019

For the quarter ended March 2019, APM INDUSTRIES has posted a net profit of Rs 25 m (down 19.7% YoY). Sales on the other hand came in at Rs 566 m (down 8.2% YoY). Read on for a complete analysis of APM INDUSTRIES's quarterly results.

APM INDUSTRIES Announces Quarterly Results (3QFY19); Net Profit Up 3.2% (Quarterly Result Update)

Feb 13, 2019 | Updated on Feb 13, 2019

For the quarter ended December 2018, APM INDUSTRIES has posted a net profit of Rs 29 m (up 3.2% YoY). Sales on the other hand came in at Rs 654 m (down 7.7% YoY). Read on for a complete analysis of APM INDUSTRIES's quarterly results.

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