APL Apollo Tubes Total Income Increases by 18 percent to Rs. 1,156 crore with a PAT of Rs. 39 crore for Q1 FY 2018
APL Apollo Tubes Limited (APL Apollo), India’s leading branded steel tubes manufacturer, announced its financial results for the quarter ended June 30, 2017. APL Apollo Tubes today said its net income increased by 18% to Rs. 1,155.6 crore compared to Rs. 975.8 crore. The Sales Volume (excluding trading & scrap) stood at 2.65 lakh tons compared to 2.39 lakh tons for Q1 FY 2018.
Commenting on the company’s performance Mr. Sanjay Gupta, Chairman, APL Apollo said, ‘Fiscal 2018 has begun on an encouraging note for us with notable progress on various operational and strategic parameters. We are already seeing a robust uptick in demand from the month of July and expect to deliver a much better performance from Q2 onwards. So looking ahead, we are well on-track to deliver over 20% sales volume growth during this fiscal.’
He also commented that the company is executing various initiatives which will enable the organization to emerge as one of the largest steel tube manufacturers in the world. These include capacity expansion to 2 million tons in FY18, enhancing branding activities through launch of various brands, deployment of cost-effective measures to become one of the lowest cost producers in the world and strong focus towards innovation through development of new designs & sizes.
About APL Apollo Tubes Limited
APL Apollo Tubes Limited (BSE: 533758, NSE: APLAPOLLO) is India’s Leading Branded Steel Tubes Manufacturer. Headquartered at Delhi NCR, the Company operates seven manufacturing facilities with a total capacity of 1.3 Million TPA. It has a PAN India presence with units strategically located in Sikandarabad (3 units), Bangalore, Raipur, Hosur and Murbad. APL Apollo’s multi-product offerings include over 400 varieties of Hollow Sections, Pre-galvanized Tubes (GP), Round Pipes (Black), Galvanized Tubes (GI) and Special Value-added Products.
With state-of-the-art manufacturing facilities, APL Apollo serves as a ‘one-stop shop’ for a wide spectrum of steel products, catering to an array of industry applications such as urban infrastructures, automobile, construction, housing, energy, irrigation, solar plants, greenhouses, and engineering. The Company’s vast 3-tier distribution network of over 600 dealers is spread all across India, with warehouses cum- branch offices in over 20 cities.
For more information about us, please visit www.aplapollo.com