APL Apollo 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.2544.51 crores during the period ended June 30, 2021 as compared to Rs.2599.61 crores during the period ended March 31, 2021.
The company has posted net profit / (loss) of Rs.147.35 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.119.22 crores for the period ended March 31, 2021.
The company has reported EPS of Rs.11.76 for the period ended June 30, 2021 as compared to Rs.9.52 for the period ended March 31, 2021.
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Total Income | ₹ 2544.51 crs | ₹ 2599.61 crs | -2.12% |
Net Profit | ₹ 147.35 crs | ₹ 119.22 crs | 23.6% |
EPS | ₹ 11.76 | ₹ 9.52 | 23.53% |
Financial Results (Q1 FY 2021-22) - YoY ComparisonThe company has reported total income of Rs.2544.51 crores during the period ended June 30, 2021 as compared to Rs.1114.68 crores during the period ended June 30, 2020.
The company has posted net profit / (loss) of Rs.147.35 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.16.78 crores for the period ended June 30, 2020.
The company has reported EPS of Rs.11.76 for the period ended June 30, 2021 as compared to Rs.1.34 for the period ended June 30, 2020.
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Total Income | ₹ 2544.51 crs | ₹ 1114.68 crs | 128.27% |
Net Profit | ₹ 147.35 crs | ₹ 16.78 crs | 778.13% |
EPS | ₹ 11.76 | ₹ 1.34 | 777.61% |
Commenting on the Company's performance for Q1FY22, Mr. Sanjay Gupta, Chairman, APL Apollo, said, APL Apollo Tubes Ltd is the dominant leader in Indian structural steel tube industry. Q1FY22 was again impacted from the second wave of COVID-19 pandemic. I feel proud of the way Team APL Apollo again executed a strong business continuity plan focused on Health, Cost and Cash and demonstrated all round performance. With our continuous focus on working capital and cost efficiencies, we performed better on all fronts: 1) EBITDA increased 23% and Net profit increased 24% despite decline in sales owing to lockdown in April-May 2021, 2) Net working capital cycle sustained at 7days. The pandemic situation has started to improve from late July which gives good visibility for the rest of FY22. Although a few states in India are still hit from the pandemic. Henceforth we are monitoring on-ground situation very closely.
Shares of APL Apollo Tubes Limited was last trading in BSE at Rs. 1724.8 as compared to the previous close of Rs. 1727.05. The total number of shares traded during the day was 16911 in over 1949 trades.
The stock hit an intraday high of Rs. 1740 and intraday low of 1681.5. The net turnover during the day was Rs. 28990444.
Source : Equity Bulls
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