700 Per Cent Returns: Multibagger Stock Reports 31 Per Cent PAT Growth, Revenue Up 30 Per Cent
The company witnessed a significant 31.09 per cent year on year growth in net profit.
APL Apollo Tubes Ltd, one of India’s largest manufacturers of branded steel products, has reported impressive financial results for the third quarter of the financial year 2024-25 (Q3FY25). The company witnessed a significant 31.09 per cent year on year growth in net profit. Following the results, APL Apollo Tubes' stock saw a 3.35 per cent rise in today’s intraday trading, reaching an intraday high of Rs 1,587.35.
Financial Performance
APL Apollo Tubes reported a consolidated net profit of Rs 216.97 crore for Q3FY25, marking a 31.09 per cent YoY increase compared to Rs 165.51 crore in Q3FY24. The company’s revenue from operations stood at Rs 5,432.73 crore, reflecting a robust 30.03 per cent growth from Rs 4,177.76 crore posted in the same quarter last year. Sales volume also demonstrated impressive growth, rising by 37.08 per cent YoY, with 828 thousand tons sold in Q3FY25 compared to 604 thousand tons in Q3FY24.
Meanwhile, EBITDA grew by 23.60 per cent to Rs 345.60 crore. However, the EBITDA per ton saw a slight dip of 9.88 per cent, standing at Rs 4,173 for the December quarter.
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Stock Price Performance
Over the past year, the company’s stock has delivered a 3.44 per cent return. However, it has generated 695 per cent returns over the past five years, making it a multibagger stock. The company’s market capitalization currently stands at Rs 44,052.86 crore.
About the Company
APL Apollo Tubes Ltd holds the distinction of being India’s largest producer of structural steel tubes. The company boasts a vast distribution network, with warehouses and branch offices in 29 cities across India. It serves both domestic and international markets, reaching customers in 20 countries. APL Apollo offers a wide array of products, including over 1,100 varieties of pre-galvanized tubes, structural steel tubes, galvanized tubes, MS black pipes, and hollow sections. This diverse product portfolio has cemented APL Apollo’s leadership in the Indian steel manufacturing sector.
Disclaimer: This article is for informational purposes only and not investment advice.