Conference Call with APL Apollo Tubes Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
Iron & Steel Products company APL Apollo Tubes announced H1FY25 results Sales volume increased by 11% YoY to 14,79,331 Ton. Revenue increased by 6% YoY to Rs 97.5 billion. EBITDA declined by 30% YoY to Rs 4.4 billion. EBITDA per ton at Rs 2,972/Ton. Net Profit declined by 38% YoY to Rs 2.5 billion. Sanjay Gupta, Chairman, APL Apollo, said: “The company has announced its highest ever quarterly sales volume of 7,58,267 Ton in Q2FY25. This was despite weak demand conditions for the construction material sector due to the volatility in raw material prices, extended monsoon and ongoing slowdown in government infrastructure spending. However, our profitability was severely impacted by volatility in steel prices. In our view, the worst is behind us as the lower steel prices have given a massive opportunity to APL Apollo to take market share from low-grade sponge iron made steel pipes. We are ready with our 4.3 million ton annual capacity which shall expand to 5 million ton by end of FY26. Our focus remains on innovative products and providing the best customer experience to further enhance our leadership. We continue to remain prudent with our working capital management, which remains best in the construction material sector” Result PDF