APL Apollo Tubes Limited - Record Q1FY24 Sales Volume

APL Apollo Tubes Limited (APL Apollo), India's leading branded structural steel tube company, today announced its sales volume performance for the quarter ending June 30, 2023. The Company registered a sales volume of 661,501 Ton in Q1FY24 compared to 422,788 Ton in Q1FY23.

For Q1FY24, the company reported highest quarterly sales volume of 661,501 ton compared to 422,788 ton in Q1FY23 and 649,726 ton in Q4FY23. The sales volume were supported by higher proportion from value added products.

The contribution from value-added segment improved to 57% in Q1FY24 from 54% in Q4FY23. APL Apollo's strategy of de-commoditization is intact. The sales mix will improve further in coming quarters with rising contribution of innovative products.

Shares of APL Apollo Tubes Limited was last trading in BSE at Rs. 1304.10 as compared to the previous close of Rs. 1320.10. The total number of shares traded during the day was 22637 in over 3476 trades.

The stock hit an intraday high of Rs. 1327.20 and intraday low of 1298.00. The net turnover during the day was Rs. 29634518.00.

Source : Equity Bulls

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APLApolloTubes INE702C01027 RecordSalesVolume Q1FY24