Corporate News     01-Jul-21
APL Apollo Tubes update on sales performance for Q1 FY22
APL Apollo Tubes announced that the Q1FY22 sales volume of 10,402 Ton equals 80% of Q4FY21 sales volume, due to the second wave of COVID-19 which had hit the country in April-June 2021.

The Q4FY21 was the record quarter for the company with sales volume of 12,987 Ton. The company focused on increasing sale of its value added products in the challenging environment of Q1FY22.

The sale of Building Material Products increased 50% YoY in Q1FY22.

The Company anticipates improvement in sales performance for the rest of FY22 driven by easing of lockdown restrictions and pick-up in construction activity.

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