APL Apollo Tubes has registered a sales volume of 6,03,659 Ton in Q3FY24 compared to 6,05,049 Ton in Q3FY23, down by 0.23% and 6,74,761 Ton in Q2FY24.
For 9MFY24, the company reported sales volume of 19,39,921 Ton, an increase of 19% YoY. The Q3FY24 sales volume declined QoQ due to channel de-stocking in anticipation of steel price correction. In the first two months of Q3FY24, the global steel prices had fallen 12% from the peak levels.
APL Apollo Tubes is a leading manufacturer and exporter of Steel Pipes & Tubes, Aluminised Steel Tubes, Black Steel Tubes, Hot Dipped & Pre Galvanised Steel Tubes, Fence Tubes and Structural Steel.
