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
Apollo TriCoat Tube declares Q4FY22 result: Sales volume of 238,824 ton, (+3% YoY) EBITDA of Rs 2,086mn, (+27%YoY) Net Profit of Rs 1,396 mn, (+33% YoY) Performance Review for FY22 vs. FY21 Sales Volume increased by 3% to 238,824 ton Net Revenue up by 86% to Rs. 27,321mn EBITDA up by 27% to Rs. 2,086 mn EBITDA per ton was Rs. 8,736/ton (increase of 24% YoY) Interest cost declined by 49% to Rs.50mn Net Profit up by 33% to Rs.1,396mn Performance Review for Q4FY22 vs. Q4FY21 Sales Volume declined by 2% to 64,746 ton Net Revenue up by 77% to Rs. 8,305mn EBITDA declined by 9% to Rs. 463 mn EBITDA per ton was Rs. 7,149/ton (decline of 7% YoY) Interest cost declined by 56% to Rs.9mn Net Profit declined by 10% to Rs. 308mn Commenting on the Company’s performance for Q4FY22 cum FY22, Mr. Rahul Gupta, Chairman, Apollo TriCoat said, “Apollo Tricoat Tubes Ltd continues to maintain its dominant leadership in two product categories, Home Beautification and Door Solutions. These innovative products continue to witness strong traction in the markets. I am proud of the way Tricoat Team has executed a strong business continuity plan focused on Health, Cost and Cash. Our continuous focus on working capital and cost efficiencies is making company emerge stronger with every passing quarter.” Result PDF
Commercial Services and Supplies company Apollo TriCoat Tubes announces Q3FY22 Results: 9MFY22 vs. 9MFY21: Sales Volume increased by 5% to 1,74,078 ton Net Revenue up by 89% to Rs. 19,016 million EBITDA up by 44% to Rs 1,624 million EBITDA per ton was Rs 9,327/ton (increase of 37% YoY) Interest cost declined by 47% to Rs 41 million Net Profit up by 54% to Rs 1,088 million Q3FY22 vs. Q3FY21 Sales Volume declined by 26% to 53,684 ton Net Revenue up by 43% to Rs 7,199 million EBITDA declined by 25% to Rs 429 million EBITDA per ton was Rs 7,999/ton (increase of 2% YoY) Interest cost declined by 48% to Rs13 million Net Profit declined by 27% to Rs 277 million Commenting on the Company’s performance for Q3FY22 cum 9MFY22, Mr. Rahul Gupta, Chairman, Apollo TriCoat said, “Apollo Tricoat Tubes Ltd created its dominant leadership in two product categories, Home Beautification and Door Solutions. These innovative products were successfully launched and well accepted in the markets. I am proud of the way Team Tricoat has executed a strong business continuity plan focused on Health, Cost and Cash. With our continuous focus on working capital and cost efficiencies, the company is emerging stronger quarter on quarter.” Result PDF
Financial Highlights Sales Volume increased by 0.4% to 61,048 ton Net Revenue up by 82% to Rs. 6,001mn EBITDA up by 34% to Rs. 499 mn EBITDA per ton was Rs. 8,172/ton (increase of 33% YoY) Interest cost declined by 44% to Rs.11mn Net Profit up by 40% to Rs. 334mn Sales Volume increased by 30% to 120,394 ton Net Revenue up by 136% to Rs. 11,817mn EBITDA up by 114% to Rs. 1,194 mn EBITDA per ton was Rs. 9,919/ton (increase of 65% YoY) Interest cost declined by 46% to Rs.28mn Net Profit up by 148% to Rs. 811mn Commenting on the Company’s performance for Q2FY22 cum H1FY22, Mr. Rahul Gupta, Chairman, Apollo TriCoat said, “Apollo Tricoat Tubes Ltd created its dominant leadership in two product categories, Home Beautification and Door Solutions. These innovative products were successfully launched and well accepted in the markets. I am proud of the way Team Tricoat has executed a strong business continuity plan focused on Health, Cost and Cash. With our continuous focus on working capital and cost efficiencies, the company is emerging stronger quarter on quarter.” Result PDF