Apollo Pipes Limited reports Sales Volume of 10,402 ton in Q1FY22

Apollo Pipes Limited, India's leading branded piping solution providing Company, today announced its sales volume performance for the quarter ending June 30, 2021. The Company registered a sales volume of 10,402 Ton in Q1FY22.

The Q1FY22 sales volume of 10,402 Ton equals 80% of Q4FY21 sales volume, due to the second wave of COVID-19 which had hit the country in April-June 2021. The Q4FY21 was the record quarter for the company with sales volume of 12,987 Ton. The company focused on increasing sale of its value added products in the challenging environment of Q1FY22. The sale of Building Material Products increased 50% YoY in Q1FY22.

The Company anticipates improvement in sales performance for the rest of FY22 driven by easing of lockdown restrictions and pick-up in construction activity.

Shares of Apollo Pipes Ltd was last trading in BSE at Rs.1057.4 as compared to the previous close of Rs. 1029.25. The total number of shares traded during the day was 4988 in over 418 trades.

The stock hit an intraday high of Rs. 1058.15 and intraday low of 1028.3. The net turnover during the day was Rs. 5254294.

Source : Equity Bulls

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