Apl Apollo Tubes Limited Announces Sales Results for the Quarter Ending March 31, 2019
April 01, 2019 at 03:59 am EDT
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APL Apollo Tubes Limited announced sales results for the quarter ending March 31, 2019. For the period, the company reported that it registered its highest--ever sales volume of 418,355 MTPA in Fourth Quarter of fiscal year 2019, higher by 39% YoY from 300,830 MTPA in Fourth Quarter of fiscal year 2018. This translated to a 19% volume growth of 1,339,174 MTPA in fiscal year 2019 as compared to 1,130,305 MTPA in fiscal year 2018. The growth in Fourth Quarter of fiscal year 2019 was primarily driven by strong demand recovery in the product segments of hollow section pipes particularly Direct Forming Technology (Di-T) pipes and Galvanized Tubes (GI) among others.
APL Apollo Tubes Limited is a producer of structural steel tubes in India. The Company is engaged in the business of production of electric resistance welded (ERW) steel tubes. Its multi-product offerings include over 1,100 varieties of pre- galvanized tubes, structural steel tubes, galvanized tubes, MS black pipes and hollow sections. The Company offers its products under various brands, which include Apollo Fabritech, Apollo Build, Apollo DFT, Apollo Column, Apollo Coastguard, Apollo Bheem, Apollo Green, Apollo Z+, Apollo Standard, Apollo Agri, Apollo Elliptical, Apollo Oval, Apollo D Section, Apollo Narrow, and Apollo Chaukhat, among others. Its products are used in various applications, which include agricultural and plumbing, firefighting, furniture, metros, railings, solar panels, balcony grills, sheds, greenhouse structures, plumbing and lighting poles, among others. The Company has manufacturing units in Uttar Pradesh, Tamilnadu, Chhattisgarh, Maharashtra, and Telangana.