Conference Call with APL Apollo Tubes Management and Analysts on Q2FY23 Performance and Outlook. Listen to the full earnings transcript.
Iron & steel company APL Apollo Tubes announced Q2FY23 results: Sales volume up by 41% YoY to 602k tons Revenue expanded by 29% YoY to Rs 39.7 billion EBITDA increased by 4% to Rs 2.3 billion EBITDA per tonne was Rs 3,850 (-26% YoY) Interest cost increased by 27% to Rs 136 million Net Profit increased by 3% to Rs 1.5 billion Sanjay Gupta, Chairman, APL Apollo, comments on Q2FY23 results: “The company registered sales volume of 602,283 tonne in Q2FY23. This is the highest quarterly sales volume reported by the company. The sales volume for H1FY23 was 1,025,071 tonne compared to 800,511 tonne last year. In H2FY23, the sales volume should get further boost from commissioning and ramp-up of New Raipur plant. In Q2FY23, the sales mix was slightly weak which depressed EBITDA spreads. However, we expect sales mix to improve in coming quarters with the ramp-up of new Raipur plant." Result PDF