Apollo Tricoat Tubes Ltd posts net profit of Rs. 47.69 crores in Q1FY22

APOLLO TRICOAT TUBES LIMITED has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.582.05 crores during the period ended June 30, 2021 as compared to Rs.468.38 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.47.69 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.34.35 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.15.69 for the period ended June 30, 2021 as compared to Rs.11.30 for the period ended March 31, 2021.

Financials	Q1 FY2021-22	Q4 FY20-21	% Change
Total Income	₹ 582.05 crs	₹ 468.38 crs	24.27%
Net Profit	₹ 47.69 crs	₹ 34.35 crs	38.84%
EPS	₹ 15.69	₹ 11.30	38.85%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.582.05 crores during the period ended June 30, 2021 as compared to Rs.171.29 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.47.69 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.8.97 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.15.69 for the period ended June 30, 2021 as compared to Rs.2.95 for the period ended June 30, 2020.

Financials	Q1 FY2021-22	Q1 FY2020-21	% Change
Total Income	₹ 582.05 crs	₹ 171.29 crs	239.8%
Net Profit	₹ 47.69 crs	₹ 8.97 crs	431.66%
EPS	₹ 15.69	₹ 2.95	431.86%

Commenting on the Company's performance for Q1FY22, Mr. Rahul Gupta, Chairman, Apollo TriCoat said, "Apollo Tricoat Tubes Ltd created its dominant leadership in two product categories, Home Beautification and Door Solutions. These innovative products were successfully launched and well accepted in the markets. I am proud of the way Team Tricoat has executed a strong business continuity plan focused on Health, Cost and Cash since COVID-19 pandemic hit our country. With our continuous focus on working capital and cost efficiencies, the company is emerging stronger quarter on quarter."

Shares of APOLLO TRICOAT TUBES LIMITED was last trading in BSE at Rs. 1626.6 as compared to the previous close of Rs. 1650. The total number of shares traded during the day was 16843 in over 2141 trades.

The stock hit an intraday high of Rs. 1669 and intraday low of 1600.15. The net turnover during the day was Rs. 27425662.

Source : Equity Bulls

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