The Anup Engineering's revenue up by 11% at Rs. 245 Crore for FY2020

The Anup Engineering Limited (ANUP) today announced its fourth quarter (Q4FY20) and full year (FY20) results for the period ended March 31st, 2020. FY 2019-2020 ended with a good performance & growth is achieved in a challenging year. The company reported highest ever EBIDTA and PAT.

Strong Balance Sheet & Order Book helped in transitioning through the uncertain times.

Financial Performance

12M FY19-20 review (Y/Y %)

1. Sales stood at Rs.245 Crs, up 11% versus Rs.221 Crs* of last year.
2. EBITDA stood at Rs.69 Crs, up 13% versus Rs.61 Crs of last year.
3. EBITDA Margin improved to 28% versus 27% of last year.
4. Net profit is Rs.43 Crs, up 10% versus Rs.39 Crs of last year.

* (For comparative purpose, sales excludes trading income of Rs.22.88 Crs for FY19)

Q4FY20 review (Y/Y %)

1. Sales stood at Rs.70 Crs, up 8% versus Rs.65 Crs* during Q4 of last year.
2. EBITDA stood at Rs.16 Crs, down 11% versus Rs.18 Crs during Q4 of last year.
3. Net profit is Rs.9 Crs, down 18% versus Rs.11Crs during Q4 of last year.
* (For comparative purpose, sales excludes trading income of Rs. 0.40 Crs for Q4, FY19)

Dividend:

The Board has recommended a dividend at 70 % i.e. Rs. 7/- per Equity Share of Rs. 10/- each of the Company for the year ended on 31st March, 2020.

Commenting on the results, Mr. Rishi Roop Kapoor, Chief Executive Officer, said: "The Financial Year 2019-2020 closed on a positive note barring the impact of Covid19. We are closely monitoring the emerging situation to recalibrate our strategic growth plans. We are very hopeful that the position will improve continuously as more and more sectors open up. We are seeing strong growth in business enquiries with healthy opportunities, for us to book orders in coming 2 quarters. We continue to progress our strategic direction of enhancing scale and strengthening cost competitiveness. We are simultaneously ensuring a sound financial, healthy cash generation and strong liquidity to ensure that we continue to meet all our obligations and commitments in timely manner. We are also working on utilizing the learnings of this period to further strengthen our operations including customer engagements, operating practices, supply chain, cost structures, working capital cycle, etc. on a sustained basis.

Source : Equity Bulls

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