APLApollo tubes reports 27% YoY rise in Q4 sales

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Biznextindia : APL Apollo Tubes Limited (APL Apollo), India’s leading branded structural steel tube company has registered a sales volume of 551,723 ton in Q4FY22 compared to 435,348 ton in Q4FY21 ( up 27%) and 402,729 ton in Q3FY22 (up 37%).

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.

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