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

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APM INDUSTRIES Announces Quarterly Results (4QFY19); Net Profit Down 19.7%
Wed, 26 Jun

APM INDUSTRIES has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

APM INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m617654566-13.4%-8.2%
Other incomeRs m44523368.0%-46.2%
TurnoverRs m660659590-10.5%-10.7%
ExpensesRs m598600552-7.9%-7.8%
Gross profitRs m185414-73.5%-22.3%
DepreciationRs m1314141.5%9.5%
InterestRs m1291333.0%4.2%
Profit before taxRs m373611-68.3%-69.4%
TaxRs m67-14-304.4%-339.7%
Profit after taxRs m322925-13.4%-19.7%
Gross profit margin%3.08.32.5
Effective tax rate%15.518.9-121.9
Net profit margin%4.84.44.3
* 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 8.2% on a year-on-year (YoY) basis. The expenses were down by 7.8% YoY during the same period.
  • The company's operating profit declined by 22.3% YoY during the quarter. Consequently, operating profit margins remained same and stood at 2.5% in 4QFY19.
  • Depreciation charges increased by 9.5% and finance costs increased by 4.2% YoY, respectively.
  • Other income declined by 46.2% YoY during the quarter.
  • Net profit for the quarter declined by 19.7% YoY. Net profit margins during the quarter declined from 4.8% in 4QFY18 to 4.3% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 13.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.9% QoQ during the same period.
  • The company's operating profit declined by 73.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2.5% in 4QFY19 as against 8.3% in 3QFY18.
  • Net profit for the quarter declined by 13.4% QoQ, while net profit margins declined from 4.4% in 3QFY18 to 4.3% in 4QFY19.

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 39.0 to Rs 23.9, registering a Loss of Rs 15.1 or around 38.7%.

Overall, the S&P BSE SENSEX is up 11.6% over the year.

Current Valuations

At the current price of Rs 23.9, the price to earnings (P/E) ratio of APM INDUSTRIES stands at 6.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.3 times.

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