India: APL Apollo’s net profit at INR 150 crore in Q1FY’22

APL Apollo Tubes Ltd, India’s leading structural steel tube manufacturer with 50% market share, has announced financial results for Q1FY’22 and the full year ended 30 Jun’21.

Highlights:

• EBITDA grew 23% to INR 250 crore in Q1.
• Net profit stood at INR 150 crore in Q1 in contrast to INR 121 crore in Q4FY’21.
• Sales stood at 373,124 t in Q1, down by 14% q-o-q against 435,000 t in Q4FY’21.

Sanjay Gupta, Chairman, APL Apollo, said:“The pandemic situation has started to improve from late July which gives good visibility for the rest of FY’22.”