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Q2FY24 Quarterly Result Announced for APL Apollo Tubes Ltd.

Iron & Steel products company APL Apollo Tubes announced Q2FY24 results: Sales volume up by 12% YoY to 675k tons Revenue expanded by 17% YoY to Rs 46.3 billion EBITDA increased by 40% YoY to Rs 3.3 billion EBITDA per ton was Rs 4,817 (+25% YoY) Net Profit increased by 35% YoY to Rs 2.0 billion Sanjay Gupta, Chairman, APL Apollo, comments on Q2FY24 results, “The Company reported highest ever quarterly sales volume, EBITDA and PAT in Q2FY24. This was supported by our continuous focus on adding value-added products (VAP) to our portfolio. The VAP contributed 55% to our overall sales volume in Q2FY24. Moreover, the ramp-up from our greenfield plant in Raipur will support sales volume/EBITDA growth in the coming quarters. We continue to remain prudent with our working capital management which remains best in the building material sector. The ramp-up of the New Raipur plant is on expected lines. APL Apollo’s strategy of decommoditization is intact. The sales mix will improve further in coming quarters with the rising contribution of innovative products. We are encouraged to see strong sales growth in the heavy structural steel tubes. The sales mix should eventually move towards 70% for value-added products. “ Result PDF
30-10-2023
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APL APOLLO TUBES LTD. - 533758 - Related Party Transaction For The Half Year Ended September30, 2023

Related party transaction for the half year ended September 30, 2023
30-10-2023
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APL APOLLO TUBES LTD. - 533758 - Financial Results For The Quarter And Half Year Ended September 30, 2023

Financial Results for the quarter and half year ended September 30, 2023
30-10-2023
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APL APOLLO TUBES LTD. - 533758 - Board Meeting Outcome for Outcome Of Board Meeting

Outcome of Board meeting held on October 30, 2023
30-10-2023
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APL APOLLO TUBES LTD. - 533758 - Board Meeting Intimation for Board Meeting To Be Held On October 30, 2023

APL APOLLO TUBES LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/10/2023 ,inter alia, to consider and approve Unaudited Financial results for the quarter and half year ended September 30, 2023
21-10-2023
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APL APOLLO TUBES LTD. - 533758 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Certificate under Regulation 74(5) for quarter ended September 30, 2023
11-10-2023
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