Stock Report

APL Apollo Tubes Limited announces sales volume for FY22

Posted On : 2022-04-01 09:45:01( TIMEZONE : IST )

FY22 Sales Volume Performance

- Record Q4FY22 Sales Volume of 551,723 ton (+27% YoY, 37% QoQ)
- FY22 Sales Volume of 1.75mn ton vs 1.64mn ton in FY21 (+7% YoY)
- Sales dispatch started at upcoming 11th plant in Raipur

APL Apollo Tubes Limited (APL Apollo), India's leading branded structural steel tube company, today announced its sales volume performance for the quarter ending March 31, 2022. The Company registered a sales volume of 551,723 ton in Q4FY22 compared to 435,348 ton in Q4FY21 and 402,729 ton in Q3FY22.

For full-year, the company registered sales volume of 1,754,963 ton compared to 1,640,353 ton in FY21. This highlights APL Apollo's strength in maintaining its dominant leadership in structural steel tube market.

APL Apollo's strategy is to constantly de-commoditize its product portfolio in coming years. The value added product portfolio contributed 63% in FY22 vs 57% in FY21. We are encouraged to see strong sales growth in the heavy structural steel tubes and Apollo Z product segments which should drive company's margins going forward. With the commissioning and ramp-up of new Raipur plant, the sales mix should eventually move towards 75% for value added products.

Shares of APL Apollo Tubes Limited was last trading in BSE at Rs. 914.10 as compared to the previous close of Rs. 927.60. The total number of shares traded during the day was 8967 in over 791 trades.

The stock hit an intraday high of Rs. 939.95 and intraday low of 910.50. The net turnover during the day was Rs. 8306816.00.