India’s leading branded structural steel tube company, APL Apollo Ltd, showed 13% y-o-y growth in sales for Q1FY2023. Sales stood at 422,788 t in Q1FY2023, compared with 373,124 t in Q1FY2022. However, the same declined 23% q-o-q against 551,723 t in Q4FY2022. Value-added products contributed 61% in Q1. The company expects sales mix to improve further in future quarters with ramp-up of its New Raipur plant.
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