APL Apollo Tubes Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
November 09, 2022 at 04:43 am
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APL Apollo Tubes Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported revenue was INR 39,808.1 million compared to INR 30,952.8 million a year ago. Net income was INR 1,501.9 million compared to INR 1,460.7 million a year ago. Basic earnings per share from continuing operations was INR 6 compared to INR 5.85 a year ago. Diluted earnings per share from continuing operations was INR 5.41 compared to INR 5.27 a year ago.
For the six months, revenue was INR 74,276.8 million compared to INR 56,397.9 million a year ago. Net income was INR 2,708.6 million compared to INR 3,144.9 million a year ago. Basic earnings per share from continuing operations was INR 10.82 compared to INR 12.59 a year ago. Diluted earnings per share from continuing operations was INR 9.76 compared to INR 11.35 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 
