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Steel tube manufacturer APL Apollo Tubes has reported a 54.7 per cent rise in its consolidated net profit for the third quarter ended December 31, 2010 at Rs 13.01 crore on higher operational revenues.
The city-headquartered firm had clocked Rs 8.41-crore net profit during the October-December quarter of the previous fiscal, it said in a communique to the Bombay Stock Exchange.
Operational revenue increased by 72.1 per cent during the quarter under review to Rs 250.32 crore compared with Rs 145.4 crore in the same quarter last fiscal.
APL Apollo has five manufacturing units across South, North and West India with a total manufacturing capacity of 4.9 lakh tonnes per annum.
The company shares were down by 2.67 per cent to Rs 131 apiece in the afternoon trade on the BSE.
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