APL Apollo Tubes Q1FY18 consolidated net profit declines 11.3% yoy

India Infoline Research Team | September 09, 2017 17:11 IST

APL Apollo Tubes Ltd Q1FY18

Consolidated Results Q1FY18: (Rs. in crore)

Q1FY18 YoY (%)
Revenue 1,264.6 19.7
EBITDA 54.4 [20]
EBITDA Margin (%) 4.3 [213]
Net Profit (adjusted) 38.8 [11.3]
***EBITDA margin change is bps
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Reco. Price

1643

Last updated on

08-Sep-2017




Apl Apollo Tubes Ltd consolidated revenue for the quarter came in at Rs. 1264.6 crore, registering 19.7% yoy increase.

EBITDA for the quarter fell by 20% yoy to Rs. 54.4 crore with a corresponding margin contraction of 213 bps. EBITDA margin for the quarter stood at 4.3%. This margin contraction was driven by 36% yoy increase in cost of raw materials consumed.
 
The PAT for the quarter came in at Rs. 38.8 crore, yoy decline of 11.3%. This was due to 19.6% yoy increase in depreciation.

Technical View:

APL Apollo Tubes Ltd ended at Rs. 1,650.50, up by 44.7 points or 2.78% from its previous closing of Rs. 1,605.80 on the BSE.
The scrip opened at Rs. 1,605 and touched a high and low of Rs. 1,650.50 and Rs. 1,605 respectively. A total of 12,395(NSE+BSE) shares were traded on the counter. The stock traded below its 50 DMA.

BSE 1,935.00 27.85 (1.46%)
NSE 1,932.00 19.05 (1%)

***Note: This is a NSE Chart

 

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