Apollo Tricoat Tubes Ltd Q3FY21 PAT surges to Rs. 37.89 crore

Apollo Tricoat Tubes Ltd has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.503.81 crores during the period ended December 31, 2020 as compared to Rs.331.12 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.37.89 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.23.80 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.12.46 for the period ended December 31, 2020 as compared to Rs.7.83 for the period ended September 30, 2020.

Financials	Q3 FY20-21	Q2 FY20-21	% Change
Total Income	₹ 503.81 crs	₹ 331.12 crs	52.15%
Net Profit	₹ 37.89 crs	₹ 23.80 crs	59.2%
EPS	₹ 12.46	₹ 7.83	59.13%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.503.81 crores during the period ended December 31, 2020 as compared to Rs.229.04 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.37.89 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.18.01 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.12.46 for the period ended December 31, 2020 as compared to Rs.5.93 for the period ended December 31, 2019.

Financials	Q3 FY20-21	Q3 FY19-20	% Change
Total Income	₹ 503.81 crs	₹ 229.04 crs	119.97%
Net Profit	₹ 37.89 crs	₹ 18.01 crs	110.38%
EPS	₹ 12.46	₹ 5.93	110.12%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.1006.22 crores during the 9 months period ended December 31, 2020 as compared to Rs.434.94 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.70.66 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.31.13 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.23.24 for the 9 months period ended December 31, 2020 as compared to Rs.10.35 for the 9 months period ended December 31, 2019.

Financials	9 Months ended FY20-21	9 Months ended FY19-20	% Change
Total Income	₹ 1006.22 crs	₹ 434.94 crs	131.35%
Net Profit	₹ 70.66 crs	₹ 31.13 crs	126.98%
EPS	₹ 23.24	₹10.35	124.54%

Commenting on the Company's performance for Q3FY21, 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. The Q3FY21 performance is the result 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 in March 2020. With our continuous focus on working capital and cost efficiencies, the company is emerging stronger quarter on quarter."

Shares of Apollo Tricoat Tubes Ltd was last trading in BSE at Rs.944.8 as compared to the previous close of Rs. 935.5. The total number of shares traded during the day was 24494 in over 2078 trades.

The stock hit an intraday high of Rs. 945 and intraday low of 927.1. The net turnover during the day was Rs. 22979994.

Source : Equity Bulls

Keywords