Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Apollo Pipes Limited Q1 FY2020 PAT higher by 12% to Rs. 10 crore

Posted On: 2019-08-12 22:02:11

Apollo Pipes Limited, among the top 10 leading piping solution providing Company in India, announced its financial results for the quarter ended June 30, 2019.

Financial Performance Highlights

Performance Review for Q1 FY20 vs. Q1 FY19

- Sales Volume greater by 20% to 13,953 tons from 11,639 tons
- Net Revenues higher by 16% to Rs. 117 crore compared to Rs. 101 crore
- EBITDA increases by 16%, at Rs. 15 crore
- Net Profit after Tax up by 12% to Rs. 10 crore compared to Rs. 9 crore

Commenting on the Company's performance for Q1 FY2020, Mr. Sameer Gupta, Managing Director, Apollo Pipes said, "We have begun the year on an encouraging note despite a subdued marco operating environment. During the quarter, our sales volume grew by 20% to 13,953 MTPA. The growth was primarily driven by healthy demand for uPVC, HDPE products and cPVC pipes. Furthermore, increased contribution from the high-margin Fittings segment also assisted sales and profitability performance during the quarter.

On the operational front, I am happy to share that we have concluded the strategic acquisition of Kisan Mouldings Ltd's manufacturing unit based in Bengaluru. The plant is equipped with manufacturing lines for both our key product segments of uPVC and cPVC pipes. Spread over 7 acres, the facility further offers scope for future expansion. In sync with this, we are currently evaluating plans to expand manufacturing operations of our other value-added product segment of 'Fittings' at this facility. Manufacturing of our three key product segments at this facility, we believe, will help us address and capture demand in the high-potential southern markets, while also strengthening our brand and distribution reach. We are also making healthy progress and are on-track with our brownfield expansion plans in facilities in Dadri, UP and Ahmedabad, Gujarat.

Overall, we believe, with steady improvement in macros, we are well positioned to capitalize on the enormous growth potential across the Indian market. Further, the planned capacity additions at existing facilities and the latest facility in south should enable us to deliver a strong sales momentum in fiscal year 2020."

Shares of Apollo Pipes Ltd was last trading in BSE at Rs.371.35 as compared to the previous close of Rs. 345.4. The total number of shares traded during the day was 5829 in over 149 trades.

The stock hit an intraday high of Rs. 373.5 and intraday low of 340.05. The net turnover during the day was Rs. 2108144.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Operations disrupted at Hitech Corporation Ltd's Baddi unit

Allen Solly launches its First Ever Jeans campaign

MoU signed between HCL and Maharashtra Airport Development Company for expansion of MIHAN campus

INOX Leisure Ltd opens 3 screens multiplex at Umrao Mall, Lucknow

Tech Mahindra Ltd divests 73.38% stake in FixStream Networks Ine., USA

Ajmera Realty and Infra India Ltd awarded Developer of the Year - Residential category award

CARE reaffirms ratings of Chaman Lal Setia Exports Ltd

Hon'ble NCLAT upholds the Resolution Plan of MBL Infra

Avana's Water Conservation Solution Becomes Best CSR Idea Of The Year

Coffee Day Enterprises Ltd update On Debt Position

Mahindra inaugurates its 1st automotive assembly plant in Sri Lanka, expands global footprint

TVS Motor Singapore invests US$ 3.2 Million in Predictronics Corporation

NACL Industries Ltd reports financial results for Q1 FY20

Precision Camshafts Limited - Q1 FY2020 results

SREI Equipment Finance Ltd's NCD issue opens on Aug 16, 2019

Transform Banking with Newgen at FIBAC 2019

Hero MotoCorp surpasses milestone of 1000 women employees

Sun Pharma and China Medical System Holdings Enter into Licensing Agreement for Generic Products in Mainland China

IFIN & RCFL initiate proceedings against SKIL Infrastructure Ltd

Kridhan Infra Limited - VNC wins new orders worth INR 145 Crores

Ram Ratna Wires Ltd fixes Aug 30, 2019 as record date for dividend

Himatsingka Seide Ltd clarifies on certain media reports

Master Trust Ltd fixes Aug 27, 2019 as record date for sub-division of equity shares

Advik Laboratories Ltd Board to consider sale of manufacturing unit

CARE downgrades ratings of Walchandnagar Industries Ltd

Super Crop Safe Limited announces Financial Results for Q1FY20

Info Edge India Ltd to invest in Shopkirana

Hinduja Ventures Ltd board to consider reorganizaiton of businesses on Aug 23, 2019

Voltas launches new Brand Shop at Gajuwaka, Visakhapatnam

CRISIL downgrades ratings of DCM Ltd

Lupin receives U.S. FDA approval for Hydrocortisone Valerate Cream

Birlasoft Wins Two Oracle Excellence Awards for 2019

TCS Interactive Wins 2019 Red Dot: Best of the Best Award in Brands and Communication Design

Blue Star Ltd - Financial Highlights for Q1 FYF20

Hindustan Foods Ltd - Q1-FY20 Performance Highlights

Omaxe Ltd Consolidated PAT for Q1 FY19-20 at Rs 14.91 cr

QGO Finance Ltd board to consider NCD issue on Aug 21, 2019

Mindteck reports financial results for Q1 2019-20

Ramkrishna Forgings Ltd's resolution plan for ACIL Ltd accepted

KNR Constructions Ltd to sell stake in SPV for Rs. 95.79 crores

Panacea Biotec announces Q1 FY20 results

IOB offers Retail Loans through the online portal PSB Loans in 59 minutes.com

Travel Money with YES BANK to launch Forex Card on Visa network

Mishtann Foods reports 22.1% increase in Q1FY2020 PAT at INR 3.14 crore

India Ratings assigns 'Ind AA- / Negative' For Indian Overseas Bank Bonds

YES BANK raises Rs. 1,930 crores through Qualified Institutions Placement route

Hero MotoCorp Ltd updates on closure of production facilities

Voltas Beko launches India's first 5 Star rated Washing Machines

Titagarh Wagons Ltd consortium bags order for Pune Metro Rail project

PVR launches sub-brand PVR UTSAV in Satna







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019