APL Apollo at new high

APL Apollo Tubes had hit a new 52-week high in Friday at Rs.2070 and today too, it went on to hit another new high at Rs.2216.95. It continues to trade in the green at Rs.2136 levels, up over 5%.

The market is obviously very pleased its performance for Q3FY20. On 52% (YoY) rise in sales volume, the company posted a 25% rise in net revenue at Rs.2116 crore.

Operating profit rose by a huge 164% at Rs.165 crore; EBITDA per ton was at Rs.3440/ton.

PBT came in 463% higher at Rs.111 crore and net profit was at Rs.74 crore, higher 475%.

The company is a steel products manufacturer. Headquartered at Delhi NCR, the Company operates 10 manufacturing facilities with a total capacity of 2.5 Million MTPA. It has a PAN-Indian presence with units strategically located in Sikandarabad, Dujana, Bangalore, Hosur, Raipur, Hyderabad and Murbad. APL Apollo’s multiproduct offerings include over 1,100 varieties of structural steel tubes.