APL Apollo Tubes

Apollo Z, the company's rust-proof structures segment and its second-biggest business, posted a 7% drop in sales volume

Apollo Tyres on Thursday said its consolidated net profit has declined by 61 per cent to Rs 113 crore for the fourth quarter ended March. The company had reported a consolidated net profit of Rs 287 crore in the January-March quarter of 2020-21 fiscal. Revenue from operations rose by 11 per cent to Rs 5,578 crore, as against Rs 5,026 crore in the fourth quarter of FY21, Apollo Tyres said in a statement. For the year ended March 31, 2022, the tyre major said its net profit increased by 82 per cent to Rs 639 crore, as compared to Rs 350 crore in 2020-21. Revenue from operations rose by 20 per cent to Rs 20,948 crore, as against Rs 17,397 crores in FY21, the company said. "The unprecedented rise in input costs in FY22, have taken a toll on our margins, despite our internal cost control measures, and multiple rounds of price corrections undertaken in different product categories," Apollo Tyres Chairman Onkar Kanwar noted. The robust demand witnessed by the company's European operatio

APL Apollo said Q3FY22 sales volume of 402,729 tons declined QoQ due to channel de-stocking in anticipation of steel price correction and extended monsoons, which impacted the construction activity.

In the past three months, APL Apollo Tubes and Apollo Tricoat have outperformed the market by surging 30% and 22%, respectively, when compared to a 12% rise in the Sensex.

The company has fixed September 18, 2021, as the record date for the purpose of ascertaining the eligibility of shareholders entitled for issuance of bonus equity shares of the company

The boards of directors of the respective companies are scheduled to meet on August 6, 2021, to consider and approve the proposal for issue of bonus shares on the equity shares.

The company's board on February 26 had approved the merger of Shri Laxmi Metal Udyog and Apollo Tricoat Tubes with the company.

Apollo Tricoat's minority shareholders will receive one equity share in APL Apollo for each equity share held in Apollo Tricoat

APL Infrastructure Pvt Ltd on Tuesday offloaded 30 lakh shares of APL Apollo Tubes worth a little over Rs 289 crore through an open market transaction

The stock hit a new high of Rs 853 on Thursday, and was trading higher for the seven straight day

In the past six months, the stock has rallied 150 per cent, as compared to a 38 per cent rise in the S&P BSE Sensex during the same period

The company's Q3 net revenues rose 25 per cent year-on-year (YoY) to Rs 2,116 crore on the back of strong volume growth

The company registered a strong sales volume of 480,225 MTPA in Q3FY20, higher by 52.6 per cent YoY, from 314,707 MTPA logged in Q3FY19.

The stock moved higher to its lifetime high of Rs 1,088, up 14% on the BSE in intra-day trade