APM INDUSTRIES Announces Quarterly Results (2QFY19); Net Profit Up 20.1%

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APM INDUSTRIES Announces Quarterly Results (2QFY19); Net Profit Up 20.1%
Mon, 12 Nov

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

APM INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m63970777810.0%21.7%
Other incomeRs m10105-48.4%-52.9%
TurnoverRs m6507177839.3%20.5%
ExpensesRs m5936797297.4%23.0%
Gross profitRs m46294971.6%5.6%
DepreciationRs m1213141.5%16.4%
InterestRs m91210-22.1%4.4%
Profit before taxRs m361331146.4%-14.4%
TaxRs m21412223.7%-40.3%
Profit after taxRs m15919112.6%20.1%
Gross profit margin%7.24.06.3
Effective tax rate%57.230.439.9
Net profit margin%2.41.22.4
* 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 21.7% on a year-on-year (YoY) basis. The expenses were up by 23.0% YoY during the same period.
  • The company's operating profit increased by 5.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.3% in 2QFY19 as against 7.2% in 2QFY18.
  • Depreciation charges increased by 16.4% and finance costs increased by 4.4% YoY, respectively.
  • Other income declined by 52.9% YoY during the quarter.
  • Net profit for the quarter increased by 20.1% YoY. Net profit margins during the quarter declined from 2.4% in 2QFY18 to 2.4% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 10.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.4% QoQ during the same period.
  • The company's operating profit increased by 71.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.3% in 2QFY19 as against 4.0% in 1QFY18.
  • Net profit for the quarter increased by 112.6% QoQ, while net profit margins increased from 1.3% in 1QFY18 to 2.4% in 2QFY19.

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 71.7 to Rs 46.4, registering a Loss of Rs 25.3 or around 35.2%.

Overall, the S&P BSE SENSEX is up 5.9% over the year.

Current Valuations

At the current price of Rs 46.4, the price to earnings (P/E) ratio of APM INDUSTRIES stands at 11.5 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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