APL Apollo came up with Q3 results last week and had a conference call on 18th Feb. Below is the snapshot from the results and notes from the conference call. APL Apollo is part of our Capitalmind Long Term Multicap Portfolio.
As can be seen from the above table, sales growth has been impressive - recording growth of 29%. However on the profitability front the company has taken a beating. Gross profits have declined by 14%. The company saw inventory losses of Rs 42 Cr during the quarter due to fall in steel prices . . .