Powered by: Motilal Oswal
26/07/2021 5:21:57 PM | Source: Angel Broking Ltd
Quote on Apollo Pipes 1QFY22 Result Update By Mr. Amarjeet Maurya, Angel Broking Ltd
News By Tags | #5795 #5948 #6606 #607
Quote on Apollo Pipes 1QFY22 Result Update By Mr. Amarjeet Maurya, Angel Broking Ltd

Below is quote on Apollo Pipes - 1QFY22 - Result Update by Mr. Amarjeet Maurya, AVP - Mid Caps, Angel Broking Ltd

For 1QFY2022, Apollo Pipes Ltd (APL)’s top-line reported growth of ~49% yoy to Rs138cr primarily due to healthy volumes growth in building material segment and overall improvement in realisation. On the EBITDA front, EBITDA up by ~182% YoY to Rs. 17cr on back of cost optimization measures and improved contribution from the high-margin fittings segment. On the bottom-line front, PAT grew by ~338% to Rs9cr due to strong sales and better operating margin. Going ahead, the various pro-growth measures undertaken by the Government, especially in the rural, infrastructure and agricultural space should lead to better demand and consumption of APL products in the domestic market over the medium-to-longer term. Overall 1Q results were in line with expectation.We are positive on stock.

 

Above views are of the author and not of the website kindly read disclaimer

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here