APL Apollo Tubes declines on reporting 16% fall in Q4 consolidated net profit
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
APL Apollo Tubes is currently trading at Rs. 1530.55, down by 3.75 points or 0.24% from its previous closing of Rs. 1534.30 on the BSE.
The scrip opened at Rs. 1494.65 and has touched a high and low of Rs. 1534.00 and Rs. 1437.85 respectively. So far 38422 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1806.20 on 06-Sep-2023 and a 52 week low of Rs. 1046.55 on 22-May-2023.
Last one week high and low of the scrip stood at Rs. 1613.05 and Rs. 1437.85 respectively. The current market cap of the company is Rs. 42475.13 crore.
The promoters holding in the company stood at 29.44%, while Institutions and Non-Institutions held 44.75% and 25.81% respectively.
APL Apollo Tubes has reported 62.24% fall in its net profit at Rs 57.34 crore for the fourth quarter (Q4) ended March 31, 2024 as compared to Rs 151.86 crore for the same quarter in the previous year. Total income of the company decreased by 9.28% at Rs 3353.66 crore for Q4FY24 as compared Rs 3696.76 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 15.54% fall in its net profit at Rs 170.44 crore for fourth quarter ended March 31, 2024 as compared to Rs 201.81 crore for the same quarter in the previous year. However, total income of the company increased by 7.54% at Rs 4,784.31 crore for Q4FY24 as compared Rs 4,449.05 crore for the corresponding quarter previous year.
For the year ended March 31, 2024, the company has reported 11.37% fall in net profit at Rs 453.71 crore as compared to Rs 511.92 crore for the previous year. Total income of the company decreased by 2.83% at Rs 13,915.48 crore for year under review as compared to Rs 14,321.20 crore for year ended March 31, 2023.
For the year ended March 31, 2024, on the consolidated basis, the company has reported 14.11% rise in its net profit at Rs 732.44 crore as compared to Rs 641.86 crore for the previous year. Total income of the company increased by 12.21% at Rs 18,193.67 crore for year under review as compared to Rs 16,213.13 crore for year ended March 31, 2023.
