Intel Details

India: APL Apollo's net profit at INR 150 crore in Q1FY'22

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6 Aug 2021, 19:28 IST
Steel Mint Intel

APL Apollo Tubes Ltd, India's leading structural steel tube manufacturer with 50% market share, has announced financial results for Q1FY'22 and the full year ended 30 Jun'21.

Highlights:

  • EBITDA grew 23% to INR 250 crore in Q1.
  • Net profit stood at INR 150 crore in Q1 in contrast to INR 121 crore in Q4FY'21.
  • Sales stood at 373,124 t in Q1, down by 14% q-o-q against 435,000 t in Q4FY'21.

Sanjay Gupta, Chairman, APL Apollo, said:"The pandemic situation has started to improve from late July which gives good visibility for the rest of FY'22."

6 Aug 2021, 19:28 IST
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