Quarterly Results: Apar Industries Ltd
Bhagyashree Vivarekar / 08 Nov 2016
Apar Industries Ltd., ended at Rs. 575.75, up by 5 points or 0.88% from its earlier closing of Rs. 570.75 on the BSE. The company's net profit has climbed 84% yoy to Rs 46 cr due to a 44% yoy drop in finance cost.
Technical View:
Apar Industries Ltd., ended at Rs. 575.75, up by 5 points or 0.88% from its earlier closing of Rs. 570.75 on the BSE.
The scrip touched a high and low of Rs. 575.75 and Rs. 572.05 respectively, after opening at 574.95. Altogether 14228(NSE+BSE) shares were traded on the counter; and the stock is trading below its 50 DMA.
Standalone Results Q2FY17: (Rs. in crore)
***EBITDA margin change in bps
Apar Industries’ Q2FY17 standalone numbers have come in mixed in comparison with street estimates. Net revenue for the period has come in 3% above our estimate of Rs 1,341 cr. EBITDA margin has missed our estimate of 8% by 74 bps. Net profit for the period has come in 16.4% lesser than the estimate of Rs 55 cr.
The quarter's net revenue has jumped 1.7% yoy to Rs 1,382 cr.
Apar's reported EBITDA has surged 12.4% yoy to Rs 100 cr driven by an EBITDA margin growth of 69 bps yoy to 7.2%. This can be majorly attributed to a 10% yoy drop in cost of materials consumed.
The company's net profit has climbed 84% yoy to Rs 46 cr due to a 44% yoy drop in finance cost.
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