APL Apollo Tubes Ltd - Q4 & FY24 Sales Volume

APL Apollo Tubes Limited (APL Apollo), the World's largest branded structural steel tube company, today announced its sales volume performance for Q4FY24. The Company registered a sales volume of 6,78,556 Ton in Q4FY24 which is the highest quarterly sales volume reported by the company.

For FY24, the company reported sales volume of 26,18,477 Ton, an increase of 15% YoY. This was supported by the newly commissioned New Raipur and Dubai plants. The capacity utilization for the New Raipur plant was almost 50% in Q4FY24 as a few lines had just got commissioned. The initial results from Dubai plant are encouraging with solid response from global steel tube distributors for APL Apollo's products.

The contribution from value-added segment has increased to 58% in FY24 from 56% last year. APL Apollo's strategy of de-commoditization is intact.

Over the last 2 years, APL Apollo's sales volume has increased by 22% CAGR (FY22-24) supported by adoption of newly launched innovative products. We expect expansion of construction led demand in the country post general elections to further boost APL Apollo's sales volume.

Shares of APL Apollo Tubes Limited was last trading in BSE at Rs. 1495.20 as compared to the previous close of Rs. 1474.00. The total number of shares traded during the day was 25940 in over 3387 trades.

The stock hit an intraday high of Rs. 1505.00 and intraday low of 1456.00. The net turnover during the day was Rs. 38412525.00.

Source : Equity Bulls

Keywords

APLApolloTubes INE702C01027 Q4 FY2024 SalesVolume