APL Apollo Tubes - 4QFY21 Result Update by Mr. Amarjeet Maurya, Angel Broking Ltd
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below are Quote On APL Apollo Tubes -4QFY21 Result Update by Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd
For 4QFY2021, APL Apollo Tubes (APL)’s net sales grew by ~37% to Rs2,587cr (volume increased by 8.5% yoy). On the operating front, the company reported margin improvement (up by 163bp YoY to 8%), primarily on account better price realization. The reported net profit grew by ~110% YoY to Rs119cr due to higher taxes. Overall results are in-line with expectation.
Above views are of the author and not of the website kindly read disclaimer
