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Shares of Apollo Tricoat Tubes surged 6 per cent to Rs 350 on the BSE on Tuesday after it reported an impressive 86 per cent quarter-on-quarter (QoQ) jump in its net profit at Rs 17.5 crore for December quarter of the current fiscal year (Q3FY20). The home improvement innovation company had posted profit of Rs 9.4 crore in the September quarter (Q2FY20).
The company registered a healthy 49 per cent growth in revenues at Rs 229 crore backed by a strong sales volume of 47,148 MTPA. On a sequential basis, volumes improved by 71 per cent in Q3FY20.
The company registered a healthy 49 per cent growth in revenues at Rs 229 crore backed by a strong sales volume of 47,148 MTPA. On a sequential basis, volumes improved by 71 per cent in Q3FY20.
