👉Andhra Petro has reported it’s Q1 FY 2018-19 Numbers .
👉Company has reported Very Strong Set of Numbers with Exponential growth in bottomline and High growth in Topline
(All figures in Rs Crs) Q1FY19 Vs Q1 FY18
Topline
165 cr Vs 115cr
PAT : 31.47 cr Vs 0.67cr
👉Earnings Per share is Rs 3.70 for Q1 Compared to 5.47 for full year ending March 2018.
👉This Quater Profit is almost 67 % of the full Year Profit of whole year FY 18 and still 3 more Quaters Left.
👉It seems like possitive Pricing Momentum for Oxo Alcohols to continue and company can Report 80-100 Crs PAT for current year on MCAP of Just 552 Crs( CMP:65)
👉It is also interesting to note that Company has Halved it’s Debt profile so the impact of lower interest cost is also wissible from approx 4 crs to 2 crs. This is a good sign as management is keen to reduce its debt and thus increase its free cash flows further.
👉Due to Earnings Momentum we @ wealthcreatures feel It can Cross Rs 100 very easily in near future.
Also read our last report on Andhra petro Reco@ 42 & Stock had gained 82% in just 3 months & Again stock has given chance last month to Accmulate bwt 38-42 Zone.
https://wealthcreatures.com/?s=Andhra+petro
Disc – All Views expresses are for Study purpose only. consult your financial Advisor before taking any position.
WealthCreatures 