Iron & steel products company APL Apollo Tubes announced Q1FY24 results: Sales volume up by 56% YoY to 662k tons Revenue expanded by 32% YoY to Rs 45.4 billion EBITDA increased by 58% to Rs 3.1 billion EBITDA per ton was Rs 4,645 (+1% YoY) Net profit increased by 60% YoY to Rs 1.9 billion Sanjay Gupta, Chairman, APL Apollo, comments on Q1FY24 results, “The Company reported highest ever quarterly sales volume and healthy EBITDA in Q1FY24. This was supported by our continuous focus on adding value-added products (VAP) to our portfolio. The VAP contributed 57% to our overall sales volume in Q1FY24. Moreover, the ramp-up from our greenfield plant in Raipur will support sales volume/EBITDA growth in the coming quarters. 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 Q1FY24 Performance and Outlook. Listen to the full earnings transcript.