Apollo TriCoat Tubes Announced Q1FY23 Result : Sales volume of 49,095 ton, (-17% YoY) EBITDA of Rs 451mn, (-35%YoY) Net Profit of Rs 307 mn, (-36% YoY) Sales Volume declined by 17% to 49,095 ton Net Revenue up by 36% to Rs. 7,936mn EBITDA declined by 35% to Rs. 451 mn EBITDA per ton was Rs. 9,194/ton (decline of 22% YoY) Interest cost declined by 41% to Rs.10mn Net Profit declined by 36% to Rs. 307mn Commenting on the Company’s performance for Q1FY23, Mr. Rahul Gupta, Chairman, Apollo TriCoat said, “Apollo Tricoat Tubes Ltd’s Q1FY23 performance was impacted because the industry witnessed channel de-stocking due to domestic steel price correction. This was led by the imposition of duty on steel exports in May 2022. However Apollo Tricoat Tubes Ltd continues to maintain its dominant leadership in two product categories, Home Beautification and Door Solutions. These innovative products continue to progress well in the markets. I am delighted and proud of the way Tricoat Team has maintained business continuity plan focused on efficient execution. Our continuous focus on working capital and cost efficiencies is making company emerge stronger with every passing quarter.” Result PDF