India: APL Apollo registers profitable organic growth in Q3 FY21

The leading structural steel tube brand – APL Apollo Tubes Limited, has reported sales volume at 4,86,000 t in Q3, up 1% y-o-y against 4,80,000 t in the previous quarter. The company’s net profit increased to INR 1.3 bn, up 78% y-o-y while EBITDA posted a growth of 45% y-o-y at INR 2.3 bn. APL Apollo witnessed robust demand backed by new construction and renovation across markets and increased penetration in smaller towns and a higher rural reach.