Iron & Steel Products company APL Apollo Tubes announced Q1FY25 results: Sales volume increased by 9% YoY/ 6% QoQ to 7,21,064 Ton Revenue increased by 9% YoY/ 4% QoQ to Rs 49.7 billion EBITDA increased by 8% QoQ (declined by 2% YoY) to Rs 3.0 billion EBITDA per ton at Rs 4,183/Ton Net Profit increased by 13% QoQ (unchanged YoY) to Rs 1.9 billion Sanjay Gupta, Chairman, APL Apollo, comments on Q1FY25 results: “The company has announced its highest ever quarterly sales volume of 721KTon in Q1FY25 with EBITDA +8% QoQ and net profit +13% QoQ. This is given the fact that demand conditions for the structural steel industry were tough, impacted by the general elections and ongoing slowdown in retail spending. In the near term, we expect demand conditions to improve on the back of improved government budget allocation for infrastructure and good monsoons. The company's commitment to delivering exceptional quality, coupled with its unwavering dedication to customer satisfaction, has propelled it to the forefront of the industry. Our focus remains on innovative products and providing the best customer experience to further enhance our leadership. We are encouraged to see strong sales growth in our value added product portfolio such as the heavy structural steel tubes and coated products. The VAP contributed 60% to our overall sales volume in Q1FY25 vs 57% in Q1FY24. Our greenfield Raipur plant is set to enter a new phase of accelerated production while maintaining the highest standards of efficiency and reliability. APL’s strategic expansion of its Dubai facility not only strengthens the company's global presence but also enhances its capacity to serve clients across international markets. Our focus on expanding our global footprint with export opportunities remains intact. We continue to remain prudent with our working capital management, which remains best in the building material sector” Result PDF
Conference Call with APL Apollo Tubes Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.