Apollo Pipes Limited reports Sales Volume of 12,987 ton in Q4FY21, +34% YoY

Apollo Pipes Limited, among the top 10 leading piping solution providing Company in India, today announced its sales performance for the quarter and year ended March 31, 2021. The Company reported a sales volume of 12,987 ton in Q4FY21, an increase of 34% as compared to 9,721 ton in Q4FY20. This growth was driven by contribution from across product categories including value-added products.

The Company registered sales volume of 47,333 ton, an increase of 6% compared to 44,692 ton in FY20, despite Covid-19 disruption in FY21. The Company anticipates further improvement in sales performance over the next few quarters on the back of better demand environment and increase in geographical reach combined with an uptick in utilization levels.

Shares of Apollo Pipes Ltd was last trading in BSE at Rs.987.2 as compared to the previous close of Rs. 938.45. The total number of shares traded during the day was 12932 in over 1366 trades.

The stock hit an intraday high of Rs. 1028.35 and intraday low of 944. The net turnover during the day was Rs. 12813631.

Source : Equity Bulls

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