APL Apollo Tubes has reported results for third quarter ended December 31, 2019.
The company has reported over 14-fold jump in its net profit at Rs 42.25 crore for the quarter under review as compared to Rs 2.94 crore for the same quarter in the previous year. Total income of the company increased by 16.85% at Rs 1610.07 crore for Q3FY20 as compared Rs 1377.91 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported over 5-fold jump in its net profit attributed to the owners at Rs 74.26 crore for the quarter under review as compared to Rs 12.87 crore for the same quarter in the previous year. Total income of the company increased by 25.15% at Rs 2120.53 crore for Q3FY20 as compared Rs 1694.44 crore for the corresponding quarter previous year.
