APL Apollo Tubes Ltd Q2FY24 Sales Volume at 674,761 Ton, up 12% YoY

APL Apollo Tubes Limited (APL Apollo), India's leading branded structural steel tube company, has announced today its sales volume performance for Q2FY24. The Company registered sales volume of 674,761 Ton in Q2FY24. This is the highest quarterly sales volume reported by the company.

For H1FY24, the company reported sales volume of 1,336,262 Ton, an increase of 30% YoY.

The contribution from value-added segment was stable at 55% in Q2FY24. APL Apollo's strategy of de-commoditization is intact. The sales mix will improve further in coming quarters with rising contribution of innovative products. We are encouraged to see strong sales growth in the heavy structural steel tubes. The sales mix should eventually move towards 70% for value added products.

Shares of APL Apollo Tubes Limited was last trading in BSE at Rs. 1640.20 as compared to the previous close of Rs. 1622.95. The total number of shares traded during the day was 18778 in over 2103 trades.

The stock hit an intraday high of Rs. 1649.20 and intraday low of 1609.35. The net turnover during the day was Rs. 30628368.00.

Source : Equity Bulls

Keywords

APLApolloTubes INE702C01027 Q2FY24 SalesVolume