Published on 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

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel 

Download Telegram App before Joining the Channel

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