ASTRAL POLY TECHNICK Announces Quarterly Results (1QFY21); Net Profit Down 55.6%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

ASTRAL POLY TECHNICK Announces Quarterly Results (1QFY21); Net Profit Down 55.6%
Fri, 21 Aug

ASTRAL POLY TECHNICK has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

ASTRAL POLY TECHNICK Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m6,0666,2894,039-35.8%-33.4%
Other incomeRs m681393800.0%-42.6%
TurnoverRs m6,1346,2904,078-35.2%-33.5%
ExpensesRs m5,1355,1633,496-32.3%-31.9%
Gross profitRs m9311,126543-51.8%-41.7%
DepreciationRs m244289285-1.4%16.8%
InterestRs m7318159-67.4%-19.2%
Profit before taxRs m682657238-63.8%-65.1%
TaxRs m20213525-81.5%-87.6%
Profit after taxRs m480522213-59.2%-55.6%
Gross profit margin%15.317.913.4
Effective tax rate%29.620.510.5
Net profit margin%7.88.35.2
* 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 33.4% on a year-on-year (YoY) basis. The expenses were down by 31.9% YoY during the same period.
  • The company's operating profit declined by 41.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.4% in 1QFY21 as against 15.3% in 1QFY20.
  • Depreciation charges increased by 16.8% and finance costs declined by 19.2% YoY, respectively.
  • Other income declined by 42.6% YoY during the quarter.
  • Net profit for the quarter declined by 55.6% YoY. Net profit margins during the quarter declined from 7.8% in 1QFY20 to 5.2% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 35.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 32.3% QoQ during the same period.
  • The company's operating profit declined by 51.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.4% in 1QFY21 as against 17.9% in 4QFY20.
  • Net profit for the quarter declined by 59.2% QoQ, while net profit margins declined from 8.3% in 4QFY20 to 5.2% in 1QFY21.

To see how ASTRAL POLY TECHNICK has performed over the last eight quarters,please visit here.

New Opportunity: India's #1 Defence Stock

ASTRAL POLY TECHNICK Share Price Performance

Over the last one year,ASTRAL POLY TECHNICK share price has moved down from Rs 1,246.9 to Rs 1,229.3, registering a Loss of Rs 17.7 or around 1.4%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 14,188.7 (up 0.9%). Over the last one year it has moved down from 16,651.1 to 14,188.7, a gain of 2,462 points (down 14.8%).

Overall, the S&P BSE SENSEX is up 3.2% over the year.

Current Valuations

At the current price of Rs 1,229.3, the price to earnings (P/E) ratio of ASTRAL POLY TECHNICK stands at 64.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 14.3 times.

Equitymaster requests your view! Post a comment on "ASTRAL POLY TECHNICK Announces Quarterly Results (1QFY21); Net Profit Down 55.6%". Click here!

  

Related Views on News

ASTRAL POLY TECHNICK Announces Quarterly Results (4QFY20); Net Profit Down 16.4% (Quarterly Result Update)

May 29, 2020 | Updated on May 29, 2020

For the quarter ended March 2020, ASTRAL POLY TECHNICK has posted a net profit of Rs 522 m (down 16.4% YoY). Sales on the other hand came in at Rs 6 bn (down 18.8% YoY). Read on for a complete analysis of ASTRAL POLY TECHNICK's quarterly results.

ASTRAL POLY TECHNICK Announces Quarterly Results (3QFY20); Net Profit Up 30.9% (Quarterly Result Update)

Feb 17, 2020 | Updated on Feb 17, 2020

For the quarter ended December 2019, ASTRAL POLY TECHNICK has posted a net profit of Rs 685 m (up 30.9% YoY). Sales on the other hand came in at Rs 7 bn (up 4.8% YoY). Read on for a complete analysis of ASTRAL POLY TECHNICK's quarterly results.

Mazagon Dock Shipbuilders IPO: Should You Apply? (IPO)

Sep 29, 2020

Should you bet on this public sector defence shipbuilder?

ASTRAL POLY 2017-18 Annual Report Analysis (Annual Result Update)

Mar 6, 2019 | Updated on Mar 6, 2019

Here's an analysis of the annual report of ASTRAL POLY for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of ASTRAL POLY. Also includes updates on the valuation of ASTRAL POLY.

More Views on News

Most Popular

My Latest Stock Recommendation(Fast Profits Daily)

Oct 9, 2020

How I picked an exciting stock using trends from both the commodity and equity markets.

The 'Seedhi Baat, No Bakwaas' View on ITC(Profit Hunter)

Oct 12, 2020

Is ITC an investment or a speculation at current levels?

How to Shortlist the Best Stocks for Trading(Fast Profits Daily)

Oct 7, 2020

In this video, I'll show you how to identify a confluence of factors in the market which will point you to the best stocks to trade.

The Inflection Point for Defence Stocks is Getting Closer(Profit Hunter)

Oct 9, 2020

Few Indian defence companies could use their engineering capabilities to eventually become global leaders.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

ASTRAL POLY TECHNICK SHARE PRICE


Oct 20, 2020 (Close)

TRACK ASTRAL POLY TECHNICK

  • Track your investment in ASTRAL POLY TECHNICK with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON ASTRAL POLY TECHNICK

ASTRAL POLY TECHNICK - RESPONSIVE INDUSTRIES COMPARISON

COMPARE ASTRAL POLY TECHNICK WITH

MARKET STATS