Anup Engineering tumbles over 16% after Q3 PAT falls 33% yoy to Rs6.1cr

18 Jan 2022 , 03:41 PM

Anup Engineering Limited (ANUP), announced its unaudited financial results for the quarter & nine months ended on December 31, 2021. Revenue of Q3FY22 stood at Rs47.2cr compared to Rs29.48cr in Q3FY21. Profit After Tax (PAT) of Rs6.1cr fell 33% yoy compared to 9.08cr. EBIDTA stood at Rs11cr.

Revenue of 9MFY22 at Rs188cr up by 29% as compared to the corresponding Rs146.37cr in 9MFY21. EBITDA margin at 24.5% for 9MFY22.  PAT at Rs29.7cr up by 14% for 9MFY22 as compared to corresponding Rs25.97cr in 9MFY21.

The order book stood at Rs283.5cr as of December 31, 2021. Further order worth Rs17.8cr has been received in January till date.

The company stock tumbled on Tuesday post earnings and towards close of trade was at Rs990.15 per share down Rs197 or 16.59% on the BSE.

Outlook
Company is well prepared to deal with 3rd wave of COVID‐19 and has taken all preemptive measures to vaccinate 100% employees including staff and workmen with strict protocols reinstated in full. With healthy WIP as on 31st December 2021 and operation levels holding well and improving, company is poised to achieve strong execution levels and sales in coming quarters.

Order Book & Capex 
The order book as well as enquiry inflows continue to remain strong and encouraging. On the CAPEX front, the clean room project at Odhav is about to complete in Q4. The project got impacted due to COVID impact in supply chain. The construction activities is going strong and as planned at Kheda project.