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

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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.

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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.

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Related Views on News

ASTRAL POLY TECHNICK Announces Quarterly Results (1QFY22); Net Profit Up 252.6% (Quarterly Result Update)

Aug 9, 2021 | Updated on Aug 9, 2021

For the quarter ended June 2021, ASTRAL POLY TECHNICK has posted a net profit of Rs 751 m (up 252.6% YoY). Sales on the other hand came in at Rs 7 bn (up 73.3% YoY). Read on for a complete analysis of ASTRAL POLY TECHNICK's quarterly results.

ASTRAL POLY TECHNICK Announces Quarterly Results (4QFY21); Net Profit Up 238.1% (Quarterly Result Update)

Jul 8, 2021 | Updated on Jul 8, 2021

For the quarter ended March 2021, ASTRAL POLY TECHNICK has posted a net profit of Rs 2 bn (up 238.1% YoY). Sales on the other hand came in at Rs 11 bn (up 79.3% YoY). Read on for a complete analysis of ASTRAL POLY TECHNICK's quarterly results.

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