APL Apollo Tubes Ltd posts Rs. 119.22 crores consolidated PAT in Q4FY21

APL APOLLO TUBES LTD. has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.2599.61 crores during the period ended March 31, 2021 as compared to Rs.2609.26 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.119.22 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.132.04 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.9.52 for the period ended March 31, 2021 as compared to Rs.10.54 for the period ended December 31, 2020.

Financials	Q4 FY20-21	Q3 FY20-21	% Change
Total Income	₹ 2599.61 crs	₹ 2609.26 crs	-0.37%
Net Profit	₹ 119.22 crs	₹ 132.04 crs	-9.71%
EPS	₹ 9.52	₹ 10.54	-9.68%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.2599.61 crores during the period ended March 31, 2021 as compared to Rs.1896.83 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.119.22 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.56.82 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.9.52 for the period ended March 31, 2021 as compared to Rs.4.53 for the period ended March 31, 2020.

Financials	Q4 FY20-21	Q4 FY19-20	% Change
Total Income	₹ 2599.61 crs	₹ 1896.83 crs	37.05%
Net Profit	₹ 119.22 crs	₹ 56.82 crs	109.82%
EPS	₹ 9.52	₹ 4.53	110.15%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.8535.69 crores during the 12 months period ended March 31, 2021 as compared to Rs.7745.41 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.360.16 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.237.97 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.28.81 for the 12 months period ended March 31, 2021 as compared to Rs.19.26 for the 12 months period ended March 31, 2020.

Financials	Year Ended FY20-21	Year Ended FY19-20	% Change
Total Income	₹ 8535.69 crs	₹ 7745.41 crs	10.2%
Net Profit	₹ 360.16 crs	₹ 237.97 crs	51.35%
EPS	₹ 28.81	₹19.26	49.58%

Commenting on the Company's performance for Q4FY21, Mr. Sanjay Gupta, Chairman, APL Apollo, said, APL Apollo Tubes Ltd is the dominant leader in Indian structural steel tube industry. FY21 was the most challenging year in our history due to COVID-19 pandemic. I feel proud of the way Team APL Apollo has executed a strong business continuity plan focused on Health, Cost and Cash throughout FY21. With our continuous focus on working capital and cost efficiencies, the company has emerged stronger from this situation. We performed better on all fronts in FY21: 1) EBITDA increased 42% and Net profit increased 51% despite flat sales volume growth, 2) Net debt declined 80% to Rs1.6bn and, 3) Net working capital cycle improved to 8days from 25days. The fiscal FY22 started on a strong note but was immediately hit by pandemic once again and brought our country to halt by Mid-April. However, the situation has started to improve slowly which gives good visibility for the rest of FY22.

Shares of APL APOLLO TUBES LTD. was last trading in BSE at Rs.1282.35 as compared to the previous close of Rs. 1297.8. The total number of shares traded during the day was 6297 in over 971 trades.

The stock hit an intraday high of Rs. 1311.8 and intraday low of 1262. The net turnover during the day was Rs. 8062931.

Source : Equity Bulls

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