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APL Apollo Tubes Ltd Q2FY24; 35% rise in Profits

APL Apollo Tubes Limited (APL Apollo) is one of India’s leading branded steel products manufacturers. Headquartered at Delhi NCR, the Company runs 10 manufacturing facilities churning out over 1,500 varieties of MS Black Pipes, Galvanised Tubes, Pre-Galvanised Tubes, Structural ERW Steel Tubes and Hollow Sections to serve industry applications like urban infrastructures, housing, irrigation, solar plants, greenhouses and engineering.

Financial Results:

APL Apollo Tubes Ltd reported Revenues for Q2FY24 of ₹4,630.00 Crores up from ₹3,969.00 Crore year on year, a rise of 16.65%.

Total Expenses for Q2FY24 of ₹4,373.00 Crores up from ₹3,779.00 Crores year on year, a rise of 15.72%.

Consolidated Net Profit of ₹203.00 Crores up 35.33% from ₹150.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹7.32, up 22.00% from ₹6.00 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: pipes
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