APL Apollo Tubes Limited Reports Earnings Results for the Second Quarter Ended September 30, 2020
October 28, 2020 at 05:48 am EDT
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APL Apollo Tubes Limited announced earnings results for the second quarter ended September 30, 2020. For the second quarter, the company announced total revenue was INR 22,121.4 million compared to INR 16,519 million a year ago. Net income was INR 921.2 million compared to INR 551.2 million a year ago. Basic earnings per share from continuing operations was INR 37.01 compared to INR 24.67 a year ago. Diluted earnings per share from continuing operations was INR 36.8 compared to INR 23.91 a year ago. For the half year, total revenue was INR 33,268.2 million compared to INR 37,280.5 million a year ago. Net income was INR 1,089 million compared to INR 1,068.9 million a year ago. Basic earnings per share from continuing operations was INR 43.77 compared to INR 46.21 a year ago. Diluted earnings per share from continuing operations was INR 43.52 compared to INR 44.84 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.