Apollo Tricoat Tubes rises on reporting 3-fold jump in Q4 net profit

Apollo Tricoat Tubes is currently trading at Rs. 1272.85, up by 10.60 points or 0.84% from its previous closing of Rs. 1262.25 on the BSE.

The scrip opened at Rs. 1274.95 and has touched a high and low of Rs. 1297.00 and Rs. 1265.00 respectively. So far 56818 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1,297.00 on 04-May-2021 and a 52 week low of Rs. 283.40 on 06-May-2020.

Last one week high and low of the scrip stood at Rs. 1,297.00 and Rs. 1220.10 respectively. The current market cap of the company is Rs. 3868.55 crore.

The promoters holding in the company stood at 55.82%, while Institutions and Non-Institutions held 3.12% and 41.06% respectively.

Apollo Tricoat Tubes has reported 3-fold jump in its net profit at Rs 34.35 crore for the quarter ended March 31, 2021 as compared to Rs 11.13 crore for the same quarter in the previous year. Total income of the company reported 2-fold jump at Rs 468.38 crore for Q4FY21 as compared Rs 229.45 crore for the corresponding quarter previous year.

For the year ended March 31, 2021, the company has reported 2-fold jump in its net profit at Rs 105.01 crore as compared to Rs 42.26 crore for the previous year. Total income of the company reported 2-fold jump at Rs 1474.61 crore for year under review as compared to Rs 664.39 crore for year ended March 31, 2020.