APL Apollo’s Q1 FY20 Sales Performance

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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)