APL Apollo Tubes achieves record Q2FY24 sales volume, fueling growth momentum
India’s foremost branded structural steel tube company, APL Apollo Tubes Limited (APL Apollo), has unveiled its stellar sales performance for Q2FY24, setting new benchmarks in the industry. The company proudly announced a remarkable sales volume of 674,761 tons in Q2FY24, marking a substantial 12% YoY growth and solidifying its dominant position.
Impressive H1FY24 Sales Surge
In addition to the astounding Q2FY24 performance, APL Apollo reported an impressive sales volume of 1,336,262 tons for H1FY24, representing a noteworthy 30% Year-over-Year increase. This remarkable growth is a testament to the company’s unwavering commitment to excellence.
Value-Added Segment Strengthens
APL Apollo’s commitment to de-commoditization remains resolute, with the value-added segment consistently contributing 55% of sales in Q2FY24. The company’s strategic focus on innovative products promises further enhancements in the sales mix in the upcoming quarters. APL Apollo is particularly thrilled about the robust sales growth witnessed in the heavy structural steel tubes category, anticipating that the sales mix will progressively shift towards an impressive 70% for value-added products.
Detailed Sales Breakdown
A comprehensive breakdown of sales volume for APL Apollo’s diverse building material product range showcases the company’s diverse offerings catering to various applications:
- Apollo Structural Heavy: 51,256 tons (Q2FY24)
- Super Heavy: 4,802 tons (Q2FY24)
- Light: 1,12,743 tons (Q2FY24)
- General: 3,01,138 tons (Q2FY24)
- Apollo Z Rust-proof Coated: 1,43,692 tons (Q2FY24)
- Apollo Galv Agri/Industrial: 32,375 tons (Q2FY24)
This impressive sales data underscores APL Apollo’s versatility and commitment to providing top-quality structural steel solutions across diverse applications.
Steadfast Growth Trajectory
With a record-breaking Q2FY24 sales volume and a clear strategy in place, APL Apollo Tubes Limited continues to forge ahead on its path to becoming the undisputed leader in the structural steel tube industry. As the sales mix tilts towards value-added products, APL Apollo’s growth momentum remains unstoppable, setting the stage for a promising future.