APL Apollo Tubes Limited — Updates, 29-10-2024: Press Release

APL Apollo Tubes Limited reported a record sales volume of 758,267 tons in Q2FY25, reflecting an 11% YoY increase. However, revenue rose just 6% to ₹97.5 billion, while EBITDA declined by 30% to ₹4.4 billion, indicating challenges from fluctuating steel prices. Net profit also fell 38% to ₹2.5 billion. The company is poised to grow its market share with an expected increase in capacity from 4.3 million tons to 5 million tons by FY26.