APL Apollo begins the new fiscal year on a strong note Registers a robust sales volume of 388,511 MTPA, higher by 29% YoY
New Delhi, July 02, 2019: APL Apollo Tubes Limited (APL Apollo), India’s leading branded steel tubes manufacturer, today announced its sales volume performance for the quarter ending June 30, 2019. The Company registered a strong sales volume of 388,511 MTPA in Q1 FY20, higher by 29% Y-o-Y from 302,054 MTPA in Q1 FY19. The growth was led by strong demand in the Hollow Sections segment, DFT pipes and Pre-Galvanized Tubes (GP) among others.
Summary is as follows:
| Particulars (Tons) | Q1 FY20 | Q1 FY19 | Y-o-Y Shift |
| Hollow Sections | 219,137 | 166,818 | 31% |
| Black Round Pipes | 53,736 | 45,065 | 19% |
| Pre-Galvanized Tubes (GP) | 89,087 | 67,214 | 33% |
| Galvanized Tubes (GI) | 26,551 | 22,957 | 16% |
| Finished products | 388,511 | 302,054 | 29% |
The Company is witnessing healthy demand in volumes across product categories and remains confident of delivering a sales volume growth CAGR of 20% in FY20 & FY21.
Corporate Comm India (CCI Newswire)
