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The Anup Engineering Ltd Q2FY21 net profit at Rs. 11.66 crore

Posted On: 2020-10-31 01:24:27


The Anup Engineering Ltd. has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.87.50 crores during the period ended September 30, 2020 as compared to Rs.30.95 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.11.66 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.5.19 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.11.31 for the period ended September 30, 2020 as compared to Rs.5.08 for the period ended June 30, 2020.

FinancialsQ2 FY20-21Q1 FY20-21% Change
Total Income₹ 87.50 crs₹ 30.95 crsUp Tick 182.71%
Net Profit₹ 11.66 crs₹ 5.19 crsUp Tick 124.66%
EPS₹ 11.31₹ 5.08Up Tick 122.64%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.87.50 crores during the period ended September 30, 2020 as compared to Rs.62.82 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.11.66 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.12.82 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.11.31 for the period ended September 30, 2020 as compared to Rs.12.48 for the period ended September 30, 2019.

FinancialsQ2 FY20-21Q2 FY19-20% Change
Total Income₹ 87.50 crs₹ 62.82 crsUp Tick 39.29%
Net Profit₹ 11.66 crs₹ 12.82 crsDown Tick -9.05%
EPS₹ 11.31₹ 12.48Down Tick -9.38%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.118.45 crores during the 6 months period ended September 30, 2020 as compared to Rs.100.87 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.16.86 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.20.76 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.16.39 for the 6 months period ended September 30, 2020 as compared to Rs.20.21 for the 6 months period ended September 30, 2019.

FinancialsHalf-Year Ended FY20-21Half-Year Ended FY19-20% Change
Total Income₹ 118.45 crs₹ 100.87 crsUp Tick 17.43%
Net Profit₹ 16.86 crs₹ 20.76 crsDown Tick -18.79%
EPS₹ 16.39₹20.21Down Tick -18.9%

- Revenues grew 40% for Q2 FY21 as compared to corresponding Q2 FY20
- H1 FY21 revenue at 117 cr, beating difficult times of COVID-19.
- EBITDA margin at 23% for H1 FY21

Commenting on the quarterly results, Mr. Rishi Roop Kapoor, CEO, The Anup Engineering Ltd said, "This was one of the most challenging periods in terms of meeting our commitment to all stakeholders whilst ensuring a safe work environment for our entire team be it in the office space or on the factory floors. Our performance in this quarter is a testimony to the untiring efforts, complete commitment and a steely determination to collectively keep going under such trying circumstances, demonstrated by our team members. Thanks to this team effort, we have been able to recover most of the capacity lost in Q1 through excellent execution and also made rapid strides in booking significant orders with a product mix strategically pursued by the company."

Outlook

On CAPEX front, company will restart the revamp of the old bay at Odhav to handle exotic metallurgy equipment and Phase -1 of Kheda project and at the same time maintaining strong liquidity.

Shares of The Anup Engineering Ltd. was last trading in BSE at Rs. 597.95 as compared to the previous close of Rs. 585.50. The total number of shares traded during the day was 565 and the deliverable quantity was 490.

The stock hit an intraday high of Rs. 600 and intraday low of Rs. 582.


Source: Equity Bulls

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