APL Apollo Tubes Q4FY22 PAT up 36.73% at Rs163 crore on 2% increase in EBITDA per tonne

15 May 2022 , 06:38 PM

APL Apollo Tubes Ltd reported 62.88% growth in sales revenues yoy for the Q4FY22 quarter on consolidated basis at Rs4,080.40 crore. On a sequential basis, revenues were higher for the quarter by 30.62%.

For full year FY22, the revenues were higher by 53.7% at Rs12,625 crore. For Q4FY22, APL reported 27% growth in sales volumes at 552K tonnes and for FY22, sales volumes grew 7% at 1,755K tonnes.

For Q4FY22, the EBITDA per tonne increased by 2% at Rs4,823 while for full year FY22 EBITDA per tonne was up 30% at Rs5,386.

For FY22, its ROE stood at 28.8% while the ROCE stood at a healthy 34.5%, sharply up yoy basis.

The consolidated net profit for Q4FY22 was up 36.73% at Rs163 crore while it was up on a sequential basis by 40.98%.

Profits could have been better but for input cost pressures. EBITDA increased 29% yoy for the fourth quarter at Rs270 crore while the interest cost fell by 30% yoy on debt reduction program.

However, full year EBITDA saw 39% fall to Rs950 crore on input cost and working capital pressures. Net margins were 3.99% in Q4FY22 quarter compared to 4.79% in Q4FY21. NPM was higher against 3.70% in Q3FY22.

Financial highlights for Mar-22 compared yoy and sequentially

	APL Apollo Tubes
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 4,080.40	₹ 2,505.14	62.88%	₹ 3,123.94	30.62%
Net Profit (Rs cr)	₹ 163.01	₹ 119.22	36.73%	₹ 115.63	40.98%
Diluted EPS (Rs)	₹ 6.51	₹ 4.76		₹ 4.60
Net Margins	3.99%	4.76%		3.70%