India’s APL Apollo Tubes Limited, a manufacturer of structural steel tubes, achieved a net profit of INR 2.17 billion ($25 million) in the third quarter (October-December) of the fiscal year 2024-25, a rise of 30.70 percent year on year, according to a company statement on Thursday, January 23.
The company reported total operational revenues of INR 54.32 billion ($627.25 million) in the given quarter, up 30 percent year on year.
The company said that its sales during the third quarter totaled 828,000 mt, a rise of 37 percent over the corresponding quarter of the previous fiscal year. For the first nine months (April-December) of the fiscal year 2024-25, it achieved total cumulative sales of 2.308 million mt, a rise of 19 percent year on year.