Tuesday, October 26, 2021

Apollo Pipes PAT up 48% yoy at Rs14.1cr in Q2fy22 | Stock Impact


Apollo Pipes PAT up 48% yoy at Rs14.1cr in Q2fy22 | Stock Impact

Apollo Pipes Limited, among the top 10 leading piping solution providing Company in India, announced its financial results for the quarter and full year ended Sept 30, 2021.

Performance Review for Q2FY22 vs. Q2FY21
• Sales Volume higher by 18% to 14,518 tons from 12,268 tons
• Revenue higher by 69% to Rs. 208.2 crore compared to Rs.123.3 crore
• EBITDA higher by 67% to Rs. 26 crore as compared to Rs.15.5 crore
• Net Profit after Tax up by 48% to Rs. 14.1 crore compared to Rs. 9.5 crore

Impact on Stock

Stock already shown the pre result rally and reacted negatively on result announcement. Now the stock will remain sideways till Dec 21 , in the price range of  2024 - 1566 . As stock is nearly at the bottom of the range , so accumulation can be done in small quantity .for the levels of 1988  in short term. Long term still intact.

Disclaimer- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader, user and company that are mention on this website. We are not SEBI registered financial advisor or analyst.

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