APAR INDUSTRIES Announces Quarterly Results (4QFY19); Net Profit Up 23.0%
Mon, 10 Jun

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

APAR INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m16,95421,19124,64616.3%45.4%
Other incomeRs m26314233.2%58.6%
TurnoverRs m16,98021,22224,68716.3%45.4%
ExpensesRs m15,77020,04723,29216.2%47.7%
Gross profitRs m1,1841,1441,35318.3%14.3%
DepreciationRs m1321711763.0%33.5%
InterestRs m52441751423.4%-1.9%
Profit before taxRs m55458770520.0%27.2%
TaxRs m19824026711.3%34.9%
Profit after taxRs m35634743725.9%23.0%
Gross profit margin%7.05.45.5
Effective tax rate%35.840.937.9
Net profit margin%2.11.61.8
* 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 grew 45.4% on a year-on-year (YoY) basis. The expenses were up by 47.7% YoY during the same period.
  • The company's operating profit increased by 14.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.5% in 4QFY19 as against 7.0% in 4QFY18.
  • Depreciation charges increased by 33.5% and finance costs declined by 1.9% YoY, respectively.
  • Other income increased by 58.6% YoY during the quarter.
  • Net profit for the quarter increased by 23.0% YoY. Net profit margins during the quarter declined from 2.1% in 4QFY18 to 1.8% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 16.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 16.2% QoQ during the same period.
  • The company's operating profit increased by 18.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 5.5% in 4QFY19 as against 5.4% in 3QFY18.
  • Net profit for the quarter increased by 25.9% QoQ, while net profit margins increased from 1.6% in 3QFY18 to 1.8% in 4QFY19.

To see how APAR INDUSTRIES has performed over the last eight quarters, please visit here.

APAR INDUSTRIES Share Price Performance

Over the last one year, APAR INDUSTRIES share price has moved up from Rs 709.1 to Rs 650.0, registering a Loss of Rs 59.1 or around 8.3%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 19,777.0 (up 1.1%). Over the last one year it has moved up from 18,501.9 to 19,777.0, a gain of 1,275 points (up 6.9%).

Overall, the S&P BSE SENSEX is up 12.6% over the year.

Current Valuations

At the current price of Rs 650.0, the price to earnings (P/E) ratio of APAR INDUSTRIES stands at 18.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.3 times.