APL Apollo Tubes Ltd Q3FY21 consolidated PAT higher at Rs. 132.04 crore

APL APOLLO 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.2609.26 crores during the period ended December 31, 2020 as compared to Rs.2212.14 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.132.04 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.92.12 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.10.54 for the period ended December 31, 2020 as compared to Rs.7.36 for the period ended September 30, 2020.

Financials	Q3 FY20-21	Q2 FY20-21	% Change
Total Income	₹ 2609.26 crs	₹ 2212.14 crs	17.95%
Net Profit	₹ 132.04 crs	₹ 92.12 crs	43.33%
EPS	₹ 10.54	₹ 7.36	43.21%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.2609.26 crores during the period ended December 31, 2020 as compared to Rs.2120.53 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.132.04 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.74.26 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.10.54 for the period ended December 31, 2020 as compared to Rs.6.70 for the period ended December 31, 2019.

Financials	Q3 FY20-21	Q3 FY19-20	% Change
Total Income	₹ 2609.26 crs	₹ 2120.53 crs	23.05%
Net Profit	₹ 132.04 crs	₹ 74.26 crs	77.81%
EPS	₹ 10.54	₹ 6.70	57.31%

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

The company has reported total income of Rs.5936.08 crores during the 9 months period ended December 31, 2020 as compared to Rs.5848.58 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.240.94 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.181.15 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.19.27 for the 9 months period ended December 31, 2020 as compared to Rs.15.88 for the 9 months period ended December 31, 2019.

Financials	9 Months ended FY20-21	9 Months ended FY19-20	% Change
Total Income	₹ 5936.08 crs	₹ 5848.58 crs	1.5%
Net Profit	₹ 240.94 crs	₹ 181.15 crs	33.01%
EPS	₹ 19.27	₹15.88	21.35%

Commenting on the Company's performance for Q3FY21, Mr. Sanjay Gupta, Chairman, APL Apollo, said, APL Apollo Tubes Ltd is the dominant leader in Indian structural steel tube industry. The demand continued to witness a strong recovery across products, spread over key markets in 3QFY21. The momentum which was gained in 2QFY21 persisted for us in 3QFY21 driven by uptick in construction activity in both urban and rural markets. I feel proud of the way Team APL Apollo has executed a strong business continuity plan focused on Health, Cost and Cash throughout FY21. With our continuous focus on working capital and cost efficiencies, the company has emerged stronger from this situation.

Shares of APL APOLLO TUBES LTD. was last trading in BSE at Rs.945 as compared to the previous close of Rs. 962.8. The total number of shares traded during the day was 4050 in over 457 trades.

The stock hit an intraday high of Rs. 989.95 and intraday low of 930.2. The net turnover during the day was Rs. 3858133.

Source : Equity Bulls

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