APL Apollo Tubes' Q2FY24 Financial Performance Review

In this financial performance review, we delve into the results of APL Apollo Tubes for the second quarter of fiscal year 2024 and analyze key metrics, including revenue, expenses, net profit, and margin.

 

ParticularsQ2FY23YoY (% change)Q1FY24QoQ (% change)Q2FY24
Total Income (₹crs.)3,98016.834,5661.844,650
Expenses (₹crs.)3,77815.754,3051.584,373
Net Profit (₹crs.)15034.671934.66202
Margin (%)3.770.584.230.124.34

 

REVENUE: 
The company has reported a total income of ₹4,650 crores for Q2FY24, which represents a 1.84% increase sequentially. On a year-on-year basis, the company saw a robust growth of 16.83%. The positive trend in revenue indicates resilience in the steel tube manufacturing sector and a healthy demand for their products.

 

EXPENSES: 
Expenses in Q2FY24 amounted to ₹4,373 crores, marking a 1.58% increase compared to the preceding quarter. On a year-on-year basis, expenses increased by 15.75%. 

 

NET PROFIT: 
The net profit for APL Apollo Tubes in Q2FY24 was ₹202 crores, showing a 4.66% increase compared to the preceding quarter. On a year-on-year basis, the company witnessed substantial growth in net profit, with a 34.67% increase. The positive performance in net profit reflects the company's ability to capitalize on growth opportunities.

 

MARGINS: 
Their margins for Q2FY24 was 4.34%, reflecting a 0.12% increase compared to Q1FY24. Year-on-year, the margin saw a modest 0.58% increase. The improvement in margins is a positive sign and suggests that the company is effectively managing its operations and cost structures.

 

In conclusion, APL Apollo Tubes' financial performance in Q2FY24 demonstrates resilience and adaptability in the face of economic challenges. The growth in revenue and net profit, along with improved margins, reflects a positive outlook for the company. 

 

Stay tuned for more updates on APL Apollo Tubes' financial performance in the future.

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