Apollo Pipes Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2021
October 22, 2021 at 05:19 am
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Apollo Pipes Limited reported earnings results for the second quarter and six months ended September 30, 2021. For the second quarter, the company reported sales was INR 2,081.65 million compared to INR 1,233.03 million a year ago. Revenue was INR 2,082.89 million compared to INR 1,252.38 million a year ago. Net income was INR 140.54 million compared to INR 95.05 million a year ago. Basic earnings per share from continuing operations was INR 3.57 compared to INR 2.4167 a year ago. Diluted earnings per share from continuing operations was INR 3.57 compared to INR 2.4167 a year ago.
For the six months, sales was INR 3,457.75 million compared to INR 2,158.11 million a year ago. Revenue was INR 3,473.25 million compared to INR 2,198.82 million a year ago. Net income was INR 228.05 million compared to INR 115.05 million a year ago. Basic earnings per share from continuing operations was INR 5.7933 compared to INR 2.9233 a year ago. Diluted earnings per share from continuing operations was INR 5.7933 compared to INR 2.9233 a year ago.
Apollo Pipes Limited is an India-based company, which is engaged in the business of piping and fittings, and water management solutions. The Company is engaged in the manufacturing and trading of plastic pipes, fittings and allied products. The Company's product portfolio includes a range of over 1600 stock keeping units (SKUs) of chlorinated polyvinyl chloride (cPVC), unplasticized polyvinyl chloride (uPVC) and high-density polyethylene (HDPE) pipes, water storage tanks, polyvinyl chloride (PVC) taps, fittings and solvents. Its pipe products range from 15 millimeter (mm) to 400 mm in diameter. Its borewell system products include column pipes and casing pipes. Its bath fitting products include faucets, showers, health faucets, cisterns and accessories. Its agricultural products include agricultural pipes and fittings, HDPE pipes and coils and sprinkler system. The Company serves various industries, such as agriculture, construction, infrastructure and telecom ducting segments.
APOLLO PIPES LIMITED 
