Gujarat Apollo Industries is the largest and most trusted manufacturer of construction & mining industry equipment in India  reported a 27.84% decline in consolidated net profit to Rs  24.80 million for the quarter ended December 2020. The company had posted a net profit of Rs  34.37 million in the corresponding quarter last year.

Revenue from operations grew 348.27% to Rs 220.73 million in December 2020 from Rs 49.24 million in December 2019.

Total expenses increased 216% to Rs 264.75 million from Rs  83.78 million in the same quarter previous fiscal.

Gujarat Apollo Industries EPS increased to Rs 3.33 in December 2020 from Rs 1.21 in December 2019.

 Shares of the company declined Rs 20.25, or 8.55%, to settle  at  Rs 216.50.  The total volume of shares traded  was  6,157 at  the BSE (Monday).