New Delhi, Oct 29 (PTI) APL Apollo Tubes Ltd (APL Apollo) has reported a 71.5 per cent rise in its consolidated profit at Rs 102.63 crore for the quarter ended September.

The company had reported a consolidated profit of Rs 59.83 crore in the year-ago period, the company said in a BSE filing on Wednesday.

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Its total income for the second quarter of the current fiscal also increased to Rs 2,212.14 crore, as compared to Rs 1,651.90 crore in the year-ago period, it said.

"The Q2FY21 performance was significantly better than Q1FY21, which was partially impacted due to disruption from COVID-19. We have seen strong demand revival across all segments during the quarter...The company has fully resumed its operations with strict health and safety protocols.

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"With our continuous focus on working capital and cost efficiencies, I am confident that the company will emerge stronger from this situation," APL Apollo Chairman Sanjay Gupta said.

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