Inventory losses; higher discounting hurts margins

Company

30 Oct 2024 | 5 Min Read

APL Apollo Tubes reported weak operating performance in 2QFY25.

Revenues grew marginally at 3% YoY, but EBITDA and PAT declined significantly.

The company expects better volume offtake in 2HFY25 with improving VAP mix.

APAT maintains its volume guidance for FY26/FY27 and plans to build three new Greenfield plants.

The gap between primary and secondary steel prices has narrowed, benefiting the company.

The company expects to witness continued strong volume growth and improved margins.