With a capacity to produce 2.5 million tonnes per annum, APL Apollo Tubes is the largest producer of structural steel tubes in India. It has a distribution network of warehouses and branch offices in 29 cities across the country catering to domestic as well as 20 countries worldwide.
The company's consolidated net profit jumped 67.1% to Rs 92.12 crore on a 34.5% rise in net sales to Rs 2130.30 crore in Q2 FY21 over Q2 FY20.
The scrip jumped 4.73% to Rs 3722.25 on the Friday. The stock has soared 263.15% from its 52-week low of Rs 1,025 hit on 19 March 2020.
