India: APL Apollo Tubes logs 37%, q-o-q, growth in sales in Q4FY’22

India’s leading branded structural steel tube company, APL Apollo Tubes Ltd., announced 37% q-o-q growth in sales for Q4 FY22 today. Apollo’s strategy is to constantly de-commoditise its product portfolio in the coming years.

• The company recorded sales of 551,723 t in Q4FY’22 compared with 435,348 t in Q4FY’21 and 402,729 t in Q3FY’22.
• The value-added product portfolio contributed 63% in FY’22 versus 57% in FY’21.