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APL Apollo Q3 net up 54% to Rs 13 cr

Press Trust of India  |  New Delhi 

Steel tube manufacturer APL Apollo Tubes today reported a 54.7 per cent rise in its consolidated net profit for the quarter ended December 31, 2010 at Rs 13.01 crore on higher operational revenues.

The city-headquartered firm had clocked Rs 8.41 crore net profit during the October-December quarter of the last fiscal, it said in a communique to the Bombay Stock Exchange (BSE).

Operational revenue of APL Apollo increased by 72.1 per cent during the quarter to Rs 250.32 crore compared to Rs 145.4 crore in the same quarter last fiscal.

APL Apollo has five manufacturing units across South, North and West India with a total manufacturing capacity of 4.9 lakh tonnes per annum.

The scrip of the company was down by 2.67 per cent to Rs 131 apiece at around 1347 hours on the BSE.

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First Published: Tue, February 01 2011. 15:13 IST