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Steel Mint

APL Apollo Registers Highest-ever Quarterly EBIDTA In Q1 FY22

07, Aug 2021
APL Apollo Tubes Limited, India's leading branded structural steel tubes manufacturer, saw a 14% decline in its sales volume to 373,124 tonnes (t) in Q1 FY22 compared to 435,000 t in Q4 FY21. The company registered INR 6,825 EBIDTA/t, marking a significant growth of 44% quarter-on-quarter (q-o-q) in Q1 FY22 compared to INR 4,742 in Q4 FY21. Meanwhile, on an annual basis, Apollo recorded INR 2,982 in Q1 FY21, up 129% y-o-y.