Gujarat Apollo Industries Ltd is an equipment or machinery manufacturing company primarily engaged in the manufacturing of different types of Mining & Road Construction and Maintenance Machineries catering to the needs of the majority of the mining companies in India and many parts of the world.
The Company is considered to pioneer several construction technologies especially Asphalt road construction equipment
Financial Results:
- Gujarat Apollo Industries Ltd reported Revenues for Q1FY24 of ₹13.21 Crores down from ₹29.19 Crore year on year, a fall of 54.74%.
- Total Expenses for Q1FY24 of ₹15.31 Crores down from ₹31.93 Crores year on year, a fall of 52.05%.
- Consolidated Net Profit of ₹3.24 Crores up 9.83% from ₹2.95 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹2.75, up 10.00% from ₹2.50 in the same quarter of the previous year.