APL Apollo Tubes surges on posting 26.73% growth in sales volume in Q4FY22
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
APL Apollo Tubes is currently trading at Rs. 941.00, up by 26.90 points or 2.94% from its previous closing of Rs. 914.10 on the BSE.
The scrip opened at Rs. 914.75 and has touched a high and low of Rs. 941.45 and Rs. 914.75 respectively. So far 5797 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1113.65 on 16-Dec-2021 and a 52 week low of Rs. 585.08 on 19-Apr-2021.
Last one week high and low of the scrip stood at Rs. 939.95 and Rs. 889.00 respectively. The current market cap of the company is Rs. 23411.24 crore.
The promoters holding in the company stood at 34.54 % while Institutions and Non-Institutions held 35.31 % and 30.14 % respectively.
APL Apollo Tubes has registered 26.73% growth in a sales volume at 551,723 ton in Q4FY22 compared to 435,348 ton in Q4FY21 and 37.00% quarter on quarter growth (402,729 ton in Q3FY22).
For full-year, the company registered sales volume of 1,754,963 ton compared to 1,640,353 ton in FY21. This highlights APL Apollo’s strength in maintaining its dominant leadership in structural steel tube market. APL Apollo’s strategy is to constantly de-commoditize its product portfolio in coming years. The value added product portfolio contributed 63% in FY22 vs 57% in FY21.
APL Apollo Tubes is a leading manufacturer and exporter of Steel Pipes & Tubes, Aluminised Steel Tubes, Black Steel Tubes, Hot Dipped & Pre Galvanised Steel Tubes, Fence Tubes and Structural Steel.
