Published on 4/05/2021 5:16:53 PM | Source: Angel Broking Ltd
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndia
Download Telegram App before Joining the Channel
Below are Views On Apollo Pipes Ltd - Q4 FY21 Result Update by Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd
For Q4FY21, Apollo Pipes Ltd (APL)’s net sales grew by ~85% to Rs174cr on back of strong volume growth of 34% yoy to 12,987 tons. The revenue growth was driven by a healthy contribution from the cPVC, HDPE pipe and value-added product segment of Fittings. During the quarter, EBITDA stood at ~Rs27cr and EBITDA margins (at 15.5%) improved by 434 bps on back of high margin sales and cost-optimization measures. Net Profit is grew by ~169% to Rs17cr due to strong sales and better operting margin. Overall 4QFY21, results are above expectation. Hence, we are positive on stock.
Above views are of the author and not of the website kindly read disclaimer
