Apollo Tricoat Tubes Ltd Q2FY21 net profit zooms to Rs. 23.80 crore

Apollo Tricoat Tubes 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.331.12 crores during the period ended September 30, 2020 as compared to Rs.153.93 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.23.80 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.9.42 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.7.83 for the period ended September 30, 2020 as compared to Rs.3.10 for the period ended June 30, 2020.

Financials	Q2 FY20-21	Q1 FY20-21	% Change
Total Income	₹ 331.12 crs	₹ 153.93 crs	115.11%
Net Profit	₹ 23.80 crs	₹ 9.42 crs	152.65%
EPS	₹ 7.83	₹ 3.10	152.58%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.331.12 crores during the period ended September 30, 2020 as compared to Rs.171.28 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.23.80 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.8.96 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.7.83 for the period ended September 30, 2020 as compared to Rs.2.95 for the period ended September 30, 2019.

Financials	Q2 FY20-21	Q2 FY19-20	% Change
Total Income	₹ 331.12 crs	₹ 171.28 crs	93.32%
Net Profit	₹ 23.80 crs	₹ 8.96 crs	165.62%
EPS	₹ 7.83	₹ 2.95	165.42%

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

The company has reported total income of Rs.502.40 crores during the 6 months period ended September 30, 2020 as compared to Rs.205.89 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.32.77 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.13.11 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.10.78 for the 6 months period ended September 30, 2020 as compared to Rs.4.32 for the 6 months period ended September 30, 2019.

Financials	Half-Year Ended FY20-21	Half-Year Ended FY19-20	% Change
Total Income	₹ 502.40 crs	₹ 205.89 crs	144.01%
Net Profit	₹ 32.77 crs	₹ 13.11 crs	149.96%
EPS	₹ 10.78	₹4.32	149.54%

Commenting on the Company's performance for Q2FY21, Mr. Rahul Gupta, Chairman, Apollo TriCoat said, "Apollo Tricoat Tubes Ltd has established dominant leadership in product categories where it launched four brands since Q1FY20. These innovative products were successfully launched and well accepted in the markets. We started Q2FY21 on strong momentum from May-June 2020. The sales got boost from strong rural demand and stabilization of urban markets. The company has increased its annual capacity to 350,000 ton from 250,000 ton.

I am proud of the way Team Tricoat has executed a strong business continuity plan focused on Health, Cost and Cash. With our continuous focus on working capital and cost efficiencies, the company will emerge stronger from COVID-19 pandemic."

Shares of Apollo Tricoat Tubes Ltd was last trading in BSE at Rs.617.2 as compared to the previous close of Rs. 609.85. The total number of shares traded during the day was 58722 in over 847 trades.

The stock hit an intraday high of Rs. 625 and intraday low of 601.2. The net turnover during the day was Rs. 36388571.

Source : Equity Bulls

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