Gujarat Apollo Industries Reports Q1 Results, Announces Expansion into Road Construction Equipment
Gujarat Apollo Industries Limited reported mixed Q1 results with standalone profit after tax at ₹9.77 lakhs, down from ₹69.50 lakhs year-on-year. Consolidated profit after tax decreased to ₹128.50 lakhs from ₹423.24 lakhs, while consolidated revenue increased to ₹1,108.06 lakhs from ₹853.47 lakhs. The company announced expansion into road construction equipment and material handling equipment, with planned investments of ₹50 crores and ₹15 crores respectively over the next few years. The 38th AGM is scheduled for September 30, with a dividend record date of September 23.
11Jul 25
Ashish Kacholia Acquires 1.06% Stake in Gujarat Apollo Industries
Renowned investor Ashish Kacholia has purchased a 1.06% stake in Gujarat Apollo Industries, a key player in the industrial machinery sector. The company specializes in manufacturing construction and mining equipment such as crushers, screeners, and asphalt drum mix plants. This investment by Kacholia, known for identifying high-growth potential stocks, may attract increased market attention to Gujarat Apollo Industries.