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

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ASTRAL POLY TECHNICK Announces Quarterly Results (1QFY22); Net Profit Up 252.6%
Mon, 9 Aug

ASTRAL POLY TECHNICK has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

ASTRAL POLY TECHNICK Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m4,03911,2787,001-37.9%73.3%
Other incomeRs m395043-14.0%10.3%
TurnoverRs m4,07811,3287,044-37.8%72.7%
ExpensesRs m3,5078,7335,707-34.7%62.7%
Gross profitRs m5322,5451,294-49.2%143.2%
DepreciationRs m2852923064.8%7.4%
InterestRs m481146318.2%-4.2%
Profit before taxRs m2382,292985-57.0%313.9%
TaxRs m25527234-55.6%836.0%
Profit after taxRs m2131,765751-57.5%252.6%
Gross profit margin%13.222.618.5
Effective tax rate%10.523.023.8
Net profit margin%5.215.610.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 73.3% on a year-on-year (YoY) basis. The expenses were up by 62.7% YoY during the same period.
  • The company's operating profit increased by 143.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.5% in 1QFY22 as against 13.2% in 1QFY21.
  • Depreciation charges increased by 7.4% and finance costs declined by 4.2% YoY, respectively.
  • Other income increased by 10.3% YoY during the quarter.
  • Net profit for the quarter increased by 252.6% YoY. Net profit margins during the quarter increased from 5.2% in 1QFY21 to 10.7% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 37.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 34.7% QoQ during the same period.
  • The company's operating profit declined by 49.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.5% in 1QFY22 as against 22.6% in 4QFY21.
  • Net profit for the quarter declined by 57.5% QoQ, while net profit margins declined from 15.6% in 4QFY21 to 10.7% in 1QFY22.

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 up from Rs 786.7 to Rs 2,160.0, registering a Gain of Rs 1,373.3 or around 174.6%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 23,588.1 (down 0.8%). Over the last one year it has moved up from 12,975.1 to 23,588.1, a gain of 10,613 points (up 81.8%).

Overall, the S&P BSE SENSEX is up 44.4% over the year.

Current Valuations

At the current price of Rs 2,160.0, the price to earnings (P/E) ratio of ASTRAL POLY TECHNICK stands at 92.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 28.9 times.

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Related Views on News

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.

ASTRAL POLY TECHNICK Announces Quarterly Results (3QFY21); Net Profit Up 82.6% (Quarterly Result Update)

Feb 5, 2021 | Updated on Feb 5, 2021

For the quarter ended December 2020, ASTRAL POLY TECHNICK has posted a net profit of Rs 1 bn (up 82.6% YoY). Sales on the other hand came in at Rs 9 bn (up 35.1% YoY). Read on for a complete analysis of ASTRAL POLY TECHNICK's quarterly results.

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