APL Apollo Tubes registers sales volume of 238,311 tons in Q1FY21

In April due to Covid-19 lockdown, the sales volume was lowest at 3.141 tons.

Jul 01, 2020 04:07 IST India Infoline News Service

APL Apollo Tubes Limited on Wednesday announced its sales volume performance for the quarter ending June 30, 2020. It registered sales volume of 238,311 tons in Q1FY21 (61% of Q1FY20 volume and 59% of Q4FY20 volume).

In April due to Covid-19 lockdown, the sales volume was lowest at 3.141 tons and increased to 91.849 tons in May after relaxations in restrictions announced by the government. The sales volume further grew by 1,43,321 in June.

The Covid-19 Pandemic had led to nationwide lockdown starting March 24, 2020. The company informed the exchanges that it complied with the directives issued by the Central Government and the respective State Governments to combat the pandemic.

Its operations and manufacturing activities at all offices and plants had been temporarily closed till the government announced relaxations. The company resumed operations at its plants gradually from April 22, 2020 onwards from Raipur.

APL Apollo Tubes Ltd itraded at Rs1,624 up by Rs64.7 or 4.15% from its previous closing of Rs1,559.30 on the BSE.

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