*APL Apollo Tubes Ltd.* | *CMP* Rs. 853 | *M Cap* Rs. 21306 Cr | *52 W H/L* 1050/273
(Nirmal Bang Retail Research)
*Result inline with expectation*
Revenue from Operations came at Rs. 3083.9 Cr (21.7% QoQ, 40% YoY) vs expectation of Rs. 2858.7 Cr, QoQ Rs. 2534.3 Cr, YoY Rs. 2202.1 Cr
EBIDTA came at Rs. 222.2 Cr (-12.7% QoQ, 31.4% YoY) vs expectation of Rs. 222.6 Cr, QoQ Rs. 254.7 Cr, YoY Rs. 169.1 Cr
EBITDA Margin came at 7.2% vs expectation of 7.8%, QoQ 10%, YoY 7.7%
Adj. PAT came at Rs. 131.3 Cr vs expectation of Rs. 126.4 Cr, QoQ Rs. 147.4 Cr, YoY Rs. 92.1 Cr
Quarter EPS is Rs. 5.3
Share is trading at P/E of 30.5x FY23E EPS