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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 9.45 % in the past year, substantial increase in net sales/revenue by 4.38 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 14.03 %. Marginal increase in other income during this quarter, up by 33.06%.
- Profit over the Year and quarter: Challenges in sustaining profitability for APL Apollo Tubes Limited. Profit dropped by -0.23 % Year to Year, APL Apollo Tubes Limited’s profitability increased by 13.34 % in this quarter.
- EPS over the Year and quarter: EPS declined by -0.29 % Year to Year. EPS increased by 13.36 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 4544.9 Cr | Rs. 4765.74 Cr | Rs. 4974.3 Cr | + 4.38 % | + 9.45 % |
Expenses | Rs. 4237.66 Cr | Rs. 4485.37 Cr | Rs. 4672.65 Cr | + 4.18 % | + 10.26 % |
Operating Profit | Rs. 307.24 Cr | Rs. 280.37 Cr | Rs. 301.65 Cr | + 7.59 % | -1.82 % |
OPM % | 6.76 % | 5.88 % | 6.06 % | + 0.18 % | -0.7 % |
Other Income | Rs. 21.67 Cr | Rs. 18.57 Cr | Rs. 24.71 Cr | + 33.06 % | + 14.03 % |
Interest | Rs. 27.14 Cr | Rs. 31.13 Cr | Rs. 27.84 Cr | -10.57 % | + 2.58 % |
Depreciation | Rs. 40.92 Cr | Rs. 46.59 Cr | Rs. 46.5 Cr | -0.19 % | + 13.64 % |
Profit before tax | Rs. 260.85 Cr | Rs. 221.22 Cr | Rs. 252.02 Cr | + 13.92 % | -3.39 % |
Tax % | 25.77 % | 22.95 % | 23.35 % | + 0.4 % | -2.42 % |
Net Profit | Rs. 193.62 Cr | Rs. 170.44 Cr | Rs. 193.17 Cr | + 13.34 % | -0.23 % |
EPS in Rs | Rs. 6.98 | Rs. 6.14 | Rs. 6.96 | + 13.36 % | -0.29 % |
Today, we’re looking at APL Apollo Tubes Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 9.45 %. However, it did see a marginal increase of 4.38 % from the previous quarter. Expenses ticked up slightly by 4.18 % quarter-on-quarter, aligning with the annual rise of 10.26 %. Operating profit, while down -1.82 % compared to last year, faced a quarter-on-quarter increase of 7.59 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.7 %, but an expansion of 0.18 % sequentially. Other income rose by 33.06 % compared to the last quarter, despite an annual growth of 14.03 %. Interest expenses dropped significantly by -10.57 % from the previous quarter, yet the year-over-year increase remains at a moderate 2.58 %. Depreciation costs fell by -0.19 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 13.64 %. Profit before tax declined annually by -3.39 % but saw an increase from the preceding quarter by 13.92 %.
Tax expenses as a percentage of profits decreased slightly by -2.42 % compared to last year, with a more notable quarter-on-quarter increase of 0.4 %. Net profit fell by -0.23 % year-on-year but experienced a 13.34 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -0.29 % but a quarterly rise of 13.36 %. In summary, APL Apollo Tubes Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 4544.9 Cr | Rs. 4765.74 Cr | Rs. 4974.3 Cr | + 4.38 % | + 9.45 % |
Expenses | Rs. 4237.66 Cr | Rs. 4485.37 Cr | Rs. 4672.65 Cr | + 4.18 % | + 10.26 % |
Operating Profit | Rs. 307.24 Cr | Rs. 280.37 Cr | Rs. 301.65 Cr | + 7.59 % | -1.82 % |
Net Profit | Rs. 193.62 Cr | Rs. 170.44 Cr | Rs. 193.17 Cr | + 13.34 % | -0.23 % |
EPS in Rs | Rs. 6.98 | Rs. 6.14 | Rs. 6.96 | + 13.36 % | -0.29 % |
In reviewing APL Apollo Tubes Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 9.45 % year-on-year growth, however, there was a minor increase of 4.38 % from the previous quarter. Expenses rose by 10.26 % compared to the previous year, with a 4.18 % increase quarter-on-quarter. Operating Profit dropped by -1.82 % annually, and saw a 7.59 % increase from the last quarter.
Net Profit showed yearly decrease of -0.23 %, and experienced a 13.34 % increase from the previous quarter. Earnings Per Share (EPS) fell by -0.29 % annually, however rose by 13.36 % compared to the last quarter. In essence, while APL Apollo Tubes Limited faces strong annual decline indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.