Apollo Pipes Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 2,215.64 million compared to INR 2,366.8 million a year ago. Revenue was INR 2,226.51 million compared to INR 2,367.03 million a year ago. Net income was INR 90.79 million compared to INR 48.65 million a year ago. Basic earnings per share from continuing operations was INR 2.31 compared to INR 1.24 a year ago. Diluted earnings per share from continuing operations was INR 2.26 compared to INR 1.24 a year ago.
For the nine months, sales was INR 7,313.51 million compared to INR 6,625.88 million a year ago. Revenue was INR 7,349.27 million compared to INR 6,638.34 million a year ago. Net income was INR 359.23 million compared to INR 88.87 million a year ago. Basic earnings per share from continuing operations was INR 9.13 compared to INR 2.26 a year ago. Diluted earnings per share from continuing operations was INR 8.93 compared to INR 2.26 a year ago.