APL Apollo logs 27% yoy growth in sales volume for Q4FY22; stock jumps ~1.5%

1 Apr 2022 , 10:16 AM

APL Apollo Tubes Limited (APL Apollo), India’s leading branded structural steel tube company, has announced its sales volume performance for the quarter ending March 31, 2022.

The company reported a sales volume of 5,51,723 tons during Q4FY22 as compared to 4,35,348 tons in Q4FY21, up by 27% yoy. While it has registered a growth of 37% QoQ at 402,729 in Q3FY22.

For the 12 months ending March 2021, the company registered a sales volume of 1,754,963 tons as against 1,640,353 tons in FY21, up by 7% yoy.

This growth in sales volume highlights APL Apollo’s strength in maintaining its dominant leadership in the structural tube market.

APL Apollo seeks to constantly de-commoditize its product portfolio in the coming years. The company’s value-added product portfolio contributed 63% in FY22 vs 57% in FY21. As it has commissioned and ramped up the new Raipur plant, the sales mix should eventually move towards 75% for the value-added products.

APL Apollo is currently trading at Rs928.80 up by Rs14.7 or 1.61% from its previous closing of Rs914.10 on the BSE. The scrip opened at Rs914.75 and has touched intraday high and low of Rs930 and Rs914.75 respectively.