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

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APM INDUSTRIES Announces Quarterly Results (3QFY19); Net Profit Up 3.2%
Wed, 13 Feb

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

APM INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m708778654-16.0%-7.7%
Other incomeRs m7552.0%-27.5%
TurnoverRs m715783659-15.9%-7.9%
ExpensesRs m654729600-17.8%-8.3%
Gross profitRs m55495410.4%-1.5%
DepreciationRs m1314140.7%6.3%
InterestRs m10109-1.1%-5.1%
Profit before taxRs m39313616.9%-7.7%
TaxRs m11127-44.7%-36.4%
Profit after taxRs m28192957.8%3.2%
Gross profit margin%7.76.38.3
Effective tax rate%27.439.918.9
Net profit margin%4.02.44.4
* 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 fell 7.7% on a year-on-year (YoY) basis. The expenses were down by 8.3% YoY during the same period.
  • The company's operating profit declined by 1.5% YoY during the quarter. Consequently, operating profit margins remained same and stood at 8.3% in 3QFY19.
  • Depreciation charges increased by 6.3% and finance costs declined by 5.1% YoY, respectively.
  • Other income declined by 27.5% YoY during the quarter.
  • Net profit for the quarter increased by 3.2% YoY. Net profit margins during the quarter increased from 4.0% in 3QFY18 to 4.4% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 16.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 17.8% QoQ during the same period.
  • The company's operating profit increased by 10.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 8.3% in 3QFY19 as against 6.3% in 2QFY18.
  • Net profit for the quarter increased by 57.8% QoQ, while net profit margins increased from 2.3% in 2QFY18 to 4.4% in 3QFY19.

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 62.5 to Rs 39.2, registering a Loss of Rs 23.3 or around 37.3%.

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 39.2, the price to earnings (P/E) ratio of APM INDUSTRIES stands at 9.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.5 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 (2QFY19); Net Profit Up 20.1% (Quarterly Result Update)

Nov 12, 2018 | Updated on Nov 12, 2018

For the quarter ended September 2018, APM INDUSTRIES has posted a net profit of Rs 18 m (up 20.1% YoY). Sales on the other hand came in at Rs 778 m (up 21.7% YoY). Read on for a complete analysis of APM INDUSTRIES's quarterly results.

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