#NSE0035– Q4-FY23 Results Updates on 11/05/2024
APL Apollo Tubes
APL Apollo Tubes had a mixed performance in their Q4 results. While their revenue increased by 7.6% year-on-year (YoY), reaching Rs 4,765.7 Cr compared to Rs 4,431 Cr in the previous year, their net profit declined by 15.6% YoY to Rs 170.4 Cr from Rs 201.8 Cr. Additionally, their EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased by 13.2% YoY to Rs 280.3 Cr from Rs 323 Cr. This resulted in a decrease in margin from 7.3% to 5% YoY.
The decline in net profit and EBITDA, along with the reduction in margin, might indicate increased costs or other operational challenges impacting the company’s bottom line despite the growth in revenue. It would be essential to delve deeper into the company’s financial statements and management discussions to understand the specific factors contributing to these changes.
APL Apollo Tubes Ltd (#APLAPOLLO) is recommending a final dividend of ₹5.5 per share for FY24.
Control Print
#ControlPrint’s Q4 results show a mixed performance compared to the previous year. While their consolidated net profit decreased from 160 million rupees to 125 million rupees year-on-year (YoY), their revenue increased from 884 million rupees to 1 billion rupees YoY. The EBITDA also saw an improvement, rising from 209 million rupees to 230 million rupees YoY.
However, despite the increase in revenue and EBITDA, there was a slight decline in the EBITDA margin from 23.63% to 22.84% YoY.
It’s noteworthy that Control Print declared a dividend of 5 rupees per share, which could be a positive signal to investors regarding the company’s financial stability and commitment to shareholders.
D-Link India
#DLinkIndia seems to have delivered strong financial performance in Q4FY24. Here are the key highlights from their results:
Revenue increased to 333 crore rupees from 313 crore rupees in the same period last year, showing growth from the previous quarter’s revenue of 294 crore rupees.
Profit Before Tax (PBT) rose to 33.5 crore rupees from 27.5 crore rupees in the previous year, with an increase from the Q3 figure of 31 crore rupees.
Profit After Tax (PAT) also showed a significant improvement, reaching 25 crore rupees compared to 20 crore rupees in the same period last year. This is an increase from the Q3 figure of 23 crore rupees.
Earnings Per Share (EPS) surged to Rs 6.93 from Rs 5.55, indicating growth in profitability on a per-share basis.
Operating Cash Flow (OCF) witnessed a substantial increase, reaching 120 crore rupees compared to 6 crore rupees in the previous year.
Additionally, it’s noteworthy that the company has increased its dividend from 10 rupees in August’23 to 13 rupees, resulting in a total dividend yield of 23 rupees on a 200 rupees per share investment. This increase in dividend payout could be seen as a positive sign for investors, reflecting the company’s confidence in its financial position and its commitment to rewarding shareholders.
Savita Oil Technologies
#Savita Oil Technologies Their Q3FY24 results demonstrate impressive growth and performance:
Q3FY24 net profit soared to 68 crore rupees, marking a substantial increase from the previous quarter’s net profit of 48 crore rupees and an even more remarkable surge from Q3FY23’s net profit of 29 crore rupees.
The net profit growth of 42% quarter-on-quarter (QOQ) and an astonishing 134% year-on-year (YOY) showcase the company’s robust expansion and efficiency in operations.
With a forward Price-to-Earnings (PE) ratio of 10, #SavitaOilTechnologies appears to be attractively valued, potentially offering an appealing investment opportunity to shareholders.
The company’s decision to recommend a final dividend of ₹4 per share for FY24 reflects its commitment to rewarding shareholders and confidence in its financial stability and future prospects.
Overall, Savita Oil Technologies’ stellar Q3FY24 results, coupled with its attractive valuation and dividend recommendation, highlight its strong performance and may instill confidence among investors in the company’s growth trajectory.
Advanced Enzyme
#AdvancedEnzyme’s Q4 results show a mixed performance compared to the previous year:
Net Profit decreased by 11.6% year-on-year (YoY) to Rs 28.3 Cr from Rs 32 Cr.
Revenue increased by 13.8% YoY, reaching Rs 157.8 Cr compared to Rs 138.7 Cr in the previous year.
EBITDA saw a significant improvement, rising by 25.4% YoY to Rs 55.3 Cr from Rs 44.3 Cr.
The EBITDA margin also increased to 35% from 32% YoY, indicating improved profitability.
Additionally, the company declared an interim dividend of ₹4 per share for FY25, which could be seen as a positive gesture towards shareholders.
The increase in revenue and EBITDA, along with the improved margin, reflects positively on Advanced Enzyme’s operational performance. However, the decline in net profit suggests potential factors impacting the bottom line that may require further investigation.
Hi-Tech Pipes
#HiTechPipes had a solid performance in Q3FY24, with several key metrics showing positive growth:
Revenue increased by 10.7% year-on-year (YoY) to 630 Cr.
EBITDA rose by 12.5% YoY to 31.57 Cr.
Profit After Tax (PAT) saw a 10% YoY increase, reaching 14.3 Cr.
Volumes also showed healthy growth, up by 8% YoY to 98,512 MT.
The company’s upcoming plans include the commissioning of a new plant with a capacity of 1.7 MT at Sanand by Q4, which is expected to contribute to a strong performance in the next quarter. With a total current capacity of 5,80,000 MTPA, the company aims for a 20-25% increase in volume, focusing on increasing the share of value-added products from 31% in Q3FY24 to 50% by FY26.
Despite the positive performance, it’s worth noting that the company’s valuations appear to be on the higher side, with a P/E ratio of 41. Additionally, while there was an improvement in EPS, the net cash flow from operating activities decreased to (70.53) Cr from 56.14 Cr, albeit with a flat improvement on a consolidated basis.
Sheetal Cool Products
#SheetalCoolProducts seems to have delivered an impressive performance in Q4FY24, with significant growth both quarter-on-quarter (QoQ) and year-on-year (YoY):
Revenue surged to 85 crore rupees from 61 crore rupees, indicating robust growth compared to the previous year and the previous quarter.
Profit Before Tax (PBT) saw a substantial increase, reaching 9.6 crore rupees from 5 crore rupees, with a significant improvement from the Q3 figure of 4.2 crore rupees.
Profit After Tax (PAT) also showed remarkable growth, rising to 7.1 crore rupees from 3.7 crore rupees, marking a significant increase from the Q3 figure of 2.6 crore rupees.
Operating Cash Flow (OCF) witnessed a notable improvement, reaching 30 crore rupees compared to 18 crore rupees in the previous period.
Overall, Sheetal Cool Products’ Q4FY24 results reflect strong performance across key financial metrics, indicating efficient operations and potential growth opportunities.
Disclaimer-
It’s important to note that discussions like are for informational purposes only and should not be taken as specific We are not SEBI registered investment advisor. Whether analyzing a company’s financial health, examining market trends, or discussing technical chart patterns, the goal is to provide insights and perspectives that can help you make more informed decisions according to your own research and investment strategy. Always consider consulting with a financial advisor or conducting thorough personal research before making any investment decisions.
