Conference Call with APL Apollo Tubes Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript.
APL Apollo Tubes announced Q3FY23 results: Q3FY23: Sales volume up by 50% YoY to 605k tons. Revenue expanded by 34% YoY to Rs 43.3 billion EBITDA increased by 35% to Rs 2.7 billion. EBITDA per ton was Rs 4,510 (-10% YoY). Net Profit increased by 32% to Rs 1.7 billion. Mr. Sanjay Gupta, Chairman, APL Apollo, comments in Q3FY23 results, said: “The Company reported highest ever quarterly sales volume and EBITDA in Q3FY23. 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 9MFY23. 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