APL Apollo Tubes Q3 PAT down -63.4% at Rs75.62cr on sharp spike in power, fuel and transport costs

26 Jan 2022 , 07:34 PM

APL Apollo Tubes reported 24.20% growth yoy in total revenues for the Dec-21 quarter on consolidated basis at Rs3,230.38cr. On a sequential basis, the revenues were higher for the quarter by 4.75%.

During the quarter, the company witnessed -17% decline in volumes at 403,000 tonnes, but better pricing allowed them to report improvement in sales.

ON a sequential basis, there was lower EBITDA per tonne reported. The company has been able to pass on some part of the rise in input costs via higher prices to customers.

The consolidated Profit after tax (PAT) for the Dec-21 quarter was down -12.43% at Rs115.63cr on higher revenues offset by higher input costs.

Overall EBITDA fell by 13% yoy in the quarter. However, EBITDA per tonne was 55 higher at Rs5,023. The net debt to EBITDA has fallen sharply to 0.2X.

Net margins tapered from 5.08% in the Dec-20 quarter to 3.58% in the Dec-21 quarter. Net margins were also lower sequentially.

Financial highlights for Dec-21 compared yoy and sequentially

	APL Apollo
Rs in Crore	Dec-21	Dec-20	YOY	Sep-21	QOQ
Total Income (Rs cr)	₹ 3,230.38	₹ 2,600.92	24.20%	₹ 3,083.93	4.75%
Net Profit (Rs cr)	₹ 115.63	₹ 132.04	-12.43%	₹ 131.30	-11.93%
Diluted EPS (Rs)	₹ 4.60	₹ 5.27		₹ 5.24
Net Margins	3.58%	5.08%		4.26%