Its standalone core operating profit of Rs. 82.02 crore for the quarter, clocked growth of 205.93% yoy and 30.58% qoq. Operating profit margin for the current quarter at 6.91% expanded by 485 bps yoy and 189 bps qoq.
For nine months ended December 31, 2015, the company reported standalone net profit of Rs. 120.10 crore, clocking three-folds jump yoy. Its standalone revenue for the period stood at Rs. 3,684.91 crore, registering marginal growth of 0.32% yoy.
Apar Industries' core operating profit stood at Rs. 264.87 crore, recording growth of 34.58% yoy. Operating margin for the current period at 7.18% expanded by 183 bps yoy.
Result Highlights: (Rs. in crore)
|Reported Results||IIFL Estimates||Variance (%)|
|Standalone Net Profit||68.02||25.60||165.70|
Standalone EPS for the quarter stood at Rs. 17.67.
Bloomberg estimated the company’s standalone net profit at Rs. 17.83 crore.
Apar Industries Ltd ended at Rs. 498, up by 15.5 points or 3.21% from its previous closing of Rs. 482.5 on the BSE.
The scrip opened at Rs. 490 and touched a high and low of Rs. 536.25 and Rs. 490 respectively. A total of 263354(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1857.47 crore.
The BSE group 'B' stock of face value Rs. 10 touched a 52 week high of Rs. 541.6 on 21-Dec-2015 and a 52 week low of Rs. 320.3 on 09-Jun-2015. Last one week high and low of the scrip stood at Rs. 488.75 and Rs. 441.75 respectively.
The promoters holding in the company stood at 62.46 % while Institutions and Non-Institutions held 15.29 % and 22.26 % respectively.
The stock traded below its 50 DMA.