APL Apollo Tubes Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 28, 2017 at 11:04 am
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APL Apollo Tubes Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, on standalone basis, the company reported net sales from operations of INR 7,306.4 million against INR 8,132.2 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 296.7 million against INR 177.3 million a year ago. Profit before tax was INR 161.9 million against INR 58.4 million a year ago. Net profit after tax was INR 100.6 million against INR 37.3 million a year ago. Basic and diluted earnings per share were INR 4.28 against INR 1.59 a year ago.
For the nine months, on standalone basis, the company reported net sales from operations of INR 19,996.2 million against INR 21,041.0 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 714.1 million against INR 557.9 million a year ago. Profit before tax was INR 358.1 million against INR 193.2 million a year ago. Net profit after tax was INR 227.8 million against INR 173.7 million a year ago. Basic and diluted earnings per share were INR 9.69 against INR 7.41 a year ago.
For the quarter, on consolidated basis, the company reported net sales from operations of INR 11,158.4 million against INR 9,209.7 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 667.5 million against INR 624.6 million a year ago. Profit before tax was INR 475.2 million against INR 466.3 million a year ago. Net profit after tax was INR 295.6 million against INR 311.4 million a year ago. Basic and diluted earnings per share were INR 12.58 against INR 13.29 a year ago.
For the nine months, on consolidated basis, the company reported net sales from operations of INR 31,359.6 million against INR 29,566.7 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 2,118.0 million against INR 1,731.4 million a year ago. Profit before tax was INR 1,619.3 million against INR 1,101.9 million a year ago. Net profit after tax was INR 1,046.6 million against INR 730.6 million a year ago. Basic and diluted earnings per share were INR 44.54 against INR 31.17 a year ago.
APL Apollo Tubes Limited is a producer of structural steel tubes in India. The Company is engaged in the business of production of electric resistance welded (ERW) steel tubes. Its multi-product offerings include over 1,100 varieties of pre- galvanized tubes, structural steel tubes, galvanized tubes, MS black pipes and hollow sections. The Company offers its products under various brands, which include Apollo Fabritech, Apollo Build, Apollo DFT, Apollo Column, Apollo Coastguard, Apollo Bheem, Apollo Green, Apollo Z+, Apollo Standard, Apollo Agri, Apollo Elliptical, Apollo Oval, Apollo D Section, Apollo Narrow, and Apollo Chaukhat, among others. Its products are used in various applications, which include agricultural and plumbing, firefighting, furniture, metros, railings, solar panels, balcony grills, sheds, greenhouse structures, plumbing and lighting poles, among others. The Company has manufacturing units in Uttar Pradesh, Tamilnadu, Chhattisgarh, Maharashtra, and Telangana.
APL APOLLO TUBES LIMITED 
