APL Apollo Tubes - 4QFY21 Result Update by Mr. Amarjeet Maurya, Angel Broking Ltd
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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.
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