Apollo Pipes Q3 PAT spurts 145% YoY to Rs 16 cr
Apollo Pipes reported 145% jump in net profit to Rs 16.33 crore in Q3 FY21 as against Rs 6.66 crore in Q3 FY20. Sales volume rose 7% to 11,445 tons in Q3 December 2020 as against Rs 10,712 tons in Q3 December 2019. Revenue from operations during the quarter increased by 28% year-on-year (YoY) to Rs 128.1 crore. EBITDA surged 138% to Rs 25.5 crore in the third quarter from Rs 10.7 crore in the same period last year. EBITDA margin was at 20% in Q3 December 2020 as against 11% in Q3 December 2019. Profit before tax in Q3 FY21 stood at Rs 22.29 crore, up by 163% from Rs 8.47 crore in Q3 FY20. Ta...
Source: business-standard.com