APL Apollo Tubes Ltd Q2 consolidated PAT at Rs. 92.12 crore in FY21

APL APOLLO TUBES LTD. has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.2212.14 crores during the period ended September 30, 2020 as compared to Rs.1114.68 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.92.12 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.16.78 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.36.80 for the period ended September 30, 2020 as compared to Rs.6.72 for the period ended June 30, 2020.

Financials	Q2 FY20-21	Q1 FY20-21	% Change
Total Income	₹ 2212.14 crs	₹ 1114.68 crs	98.46%
Net Profit	₹ 92.12 crs	₹ 16.78 crs	448.99%
EPS	₹ 36.80	₹ 6.72	447.62%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.2212.14 crores during the period ended September 30, 2020 as compared to Rs.1651.90 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.92.12 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.55.12 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.36.80 for the period ended September 30, 2020 as compared to Rs.23.91 for the period ended September 30, 2019.

Financials	Q2 FY20-21	Q2 FY19-20	% Change
Total Income	₹ 2212.14 crs	₹ 1651.90 crs	33.91%
Net Profit	₹ 92.12 crs	₹ 55.12 crs	67.13%
EPS	₹ 36.80	₹ 23.91	53.91%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.3326.82 crores during the 6 months period ended September 30, 2020 as compared to Rs.3728.05 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.108.90 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.106.89 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.43.52 for the 6 months period ended September 30, 2020 as compared to Rs.44.84 for the 6 months period ended September 30, 2019.

Financials	Half-Year Ended FY20-21	Half-Year Ended FY19-20	% Change
Total Income	₹ 3326.82 crs	₹ 3728.05 crs	-10.76%
Net Profit	₹ 108.90 crs	₹ 106.89 crs	1.88%
EPS	₹ 43.52	₹44.84	-2.94%

Commenting on the Company's performance for Q2 FY21, Mr. Sanjay Gupta, Chairman, APL Apollo, said, APL Apollo Tubes Ltd has created its dominant leadership in structural steel tube industry. The Q2FY21 performance was significantly better than Q1FY21, which was partially impacted due to disruption from COVID-19. We have seen strong demand revival across all segments during the quarter.

I am proud of the way Team APL Apollo has executed a strong business continuity plan focused on Health, Cost and Cash. The company has fully resumed its operations with strict health and safety protocols. With our continuous focus on working capital and cost efficiencies, I am confident that the company will emerge stronger from this situation.

Shares of APL APOLLO TUBES LTD. was last trading in BSE at Rs.3106.05 as compared to the previous close of Rs. 3068.4. The total number of shares traded during the day was 10940 in over 2422 trades.

The stock hit an intraday high of Rs. 3195.45 and intraday low of 3022.75. The net turnover during the day was Rs. 34184068.

Source : Equity Bulls

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