APL Apollo Tubes Q1 Results Live: Profit Falls by 0.23% YOY

APL Apollo Tubes Q1 Results Live : APL Apollo Tubes declared their Q1 results on 10 Aug, 2024. The topline increased by 9.45% year-over-year, while the profit saw a slight decline of 0.23% YoY. Compared to the previous quarter, the revenue grew by 4.38% and the profit increased by 13.34%.

However, the company faced rising costs as Selling, General & Administrative (SG&A) expenses rose by 14.32% quarter-over-quarter and increased significantly by 32.5% year-over-year. This increase in expenses impacted the overall profitability of the company.

The operating income also saw mixed results; it was up by 9.14% quarter-over-quarter but decreased by 4.19% year-over-year. This indicates a strong performance in the recent quarter, but a decline when compared to the same period last year.

APL Apollo Tubes reported Earnings Per Share (EPS) of ₹6.96 for Q1, which marks a decrease of 0.29% year-over-year. Despite the slight dip, the company's performance remains relatively stable.

In terms of stock performance, APL Apollo Tubes has delivered a -2.75% return in the last week, a 3.42% return in the last six months, and a -6.59% Year-to-Date (YTD) return. The stock has experienced fluctuations but has shown some resilience over the six-month period.

Currently, APL Apollo Tubes has a market capitalization of ₹39837.26 Cr. The company's 52-week high and low stand at ₹1800 and ₹1305 respectively, showcasing a significant range in stock price over the past year.

Analyst sentiment towards APL Apollo Tubes remains positive. As of 11 Aug, 2024, out of 13 analysts covering the company, 1 analyst has given a Sell rating, 1 analyst has given a Hold rating, 4 analysts have given a Buy rating, and 7 analysts have given a Strong Buy rating.

The consensus recommendation as of 11 Aug, 2024, is to Strong Buy, reflecting strong confidence in the company's future performance despite the mixed quarterly results.