Sales volume during the quarter rose by 18% YoY to 650k tons. Raw material costs aggregated to Rs 3782.3 crore, employee costs added up to Rs 3782.3 crore and other expenses amounted to Rs 266.5 crore in the fourth quarter.

EBITDA improved by 21% to Rs 322.9 crore in Q4 FY23 from Rs 266.1 crore in Q4 FY22. EBITDA per ton for the period under review was Rs 4,970, up 3% YoY.

APL Apollo recorded 4% increase in consolidated net profit to Rs 641.9 crore on a 24% rise in net revenue to Rs 16,166 crore in FY23 as compared with FY22. Sales volume improved by 30% YoY to 2,280k tons in FY23.

Sanjay Gupta, chairman, APL Apollo, commented: “The company reported its highest ever quarterly sales volume and EBITDA in Q4FY23. The value added products contributed 56% to our overall sales volume in FY23.

Moreover, the ramp up from our greenfield plant in Raipur will support sales volume and EBITDA growth in coming quarters. We continue to remain prudent with our working capital management which remains best in the building material sector.”

APL Apollo Tubes is India's leading structural steel tube manufacturer. The company operates 11 manufacturing facilities with a total capacity of 3.6 million tons. APL Apollo's multi-product offerings include over 1,500 varieties for multiple building material structural steel applications. The company's vast 3-tier distribution network of over 800 distributors is spread across India, with presence in over 300 towns and cities.

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