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APL Apollo Tubes shares in news today on Q1 earnings

APL Apollo Tubes shares in news today on Q1 earnings

APL Apollo Tubes shares ended flat at Rs 1426.80 on Friday against the previous close of Rs 1432.85 on BSE.

Aseem Thapliyal
Aseem Thapliyal
  • Updated Aug 12, 2024 9:27 AM IST
APL Apollo Tubes shares in news today on Q1 earnings   APL Apollo Tubes stock has fallen 6.23% in 2024 and lost 7.83% in a year.

Shares of APL Apollo Tubes are in news today after the firm announced its earnings on August 10. APL Apollo Tubes profit came at Rs 193.2 crore in Q1 compared with Rs 193.6 crore in the corresponding quarter last year. Profit rose 13% compared to the preceding quarter.

Revenue rose 9.4% on a year on year basis. Earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at Rs 301.6 crore, falling 2% year-over-year but rising 8% compared to the March quarter.

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APL Apollo Tubes shares ended flat at Rs 1426.80 on Friday against the previous close of Rs 1432.85 on BSE. Market cap of the firm stood at Rs 39,589 crore. Total 6,409 shares of the firm changed hands amounting to a turnover of Rs 92.14 crore on BSE today.

APL Apollo Tubes stock has fallen 6.23% in 2024 and lost 7.83% in a year. APL Apollo Tubes is engaged in the business of production of ERW steel tubes.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

ABOUT THE AUTHOR

Aseem Thapliyal
Aseem Thapliyal

A journalist with over 12 years' experience, who tracks trends in the share market and writes stock market stories. An active follower of Sensex and Nifty, I capture stocks in news and analysis by share market experts and brokerages on their outlook and price targets. I cover company news/earnings leading to a rally or crash in particular stocks or stock market indices. Also track impact of global stock markets on their Indian peers. I have worked with Live Mint and NDTV Profit in previous stints. My hobbies are exploring new places, travelling, watching movies, spending time with friends and family, watching web series, playing cricket and football. I have completed graduation from Delhi University along with a PG Diploma in journalism from IIMC. I can be reached easily via social media platforms.

Published on: Aug 12, 2024 9:27 AM IST