APL Apollo Tubes Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 27, 2024 at 05:51 am EST
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APL Apollo Tubes Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported revenue was INR 41,927.8 million compared to INR 43,364 million a year ago. Net income was INR 1,655.1 million compared to INR 1,691.8 million a year ago. Basic earnings per share from continuing operations was INR 5.97 compared to INR 6.76 a year ago. Diluted earnings per share from continuing operations was INR 5.97 compared to INR 6.1 a year ago.
For the nine months, revenue was INR 134,093.6 million compared to INR 117,640.8 million a year ago. Net income was INR 5,620 million compared to INR 4,400.4 million a year ago. Basic earnings per share from continuing operations was INR 20.26 compared to INR 17.58 a year ago. Diluted earnings per share from continuing operations was INR 20.26 compared to INR 15.87 a year ago.
APL Apollo Tubes Limited is a producer of structural steel tubes in India. The Company is engaged in the business of production of electric resistance welded (ERW) steel tubes. Its multi-product offerings include over 1,100 varieties of pre- galvanized tubes, structural steel tubes, galvanized tubes, MS black pipes and hollow sections. The Company offers its products under various brands, which include Apollo Fabritech, Apollo Build, Apollo DFT, Apollo Column, Apollo Coastguard, Apollo Bheem, Apollo Green, Apollo Z+, Apollo Standard, Apollo Agri, Apollo Elliptical, Apollo Oval, Apollo D Section, Apollo Narrow, and Apollo Chaukhat, among others. Its products are used in various applications, which include agricultural and plumbing, firefighting, furniture, metros, railings, solar panels, balcony grills, sheds, greenhouse structures, plumbing and lighting poles, among others. The Company has manufacturing units in Uttar Pradesh, Tamilnadu, Chhattisgarh, Maharashtra, and Telangana.
APL APOLLO TUBES LIMITED 
