APL Apollo Tubes Q3 Review - Margin Strong Despite Weak Volumes: IDBI Capital

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..IDBI Capital Report.APL Apollo Tubes Ltd.'s Q3 FY22 Ebitda was slightly weaker than our forecast. Ebitda stood at Rs 2,023 million (4% below our forecast). Ebitda/tonne expanded by 5% YoY to Rs 5,023, although sequentially it fell 3%. Volumes fell sharply to 402 kilo tonne (down 17% YoY, down 6% QoQ). Nevertheless, Ebitda/tonne over Rs 5,000 is likely to be sustainable over the coming one year in our view; APL Apollo Tubes targets over 20% compound annual growth rate volume growth over FY22-25 backed by 1.5 million tonne capacity expansion at Raipur and it aims to be net debt free after by the end of FY23..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

APL Apollo Tubes Q3 Review - Margin Strong Despite Weak Volumes: IDBI Capital

APL Apollo Tubes Q3 Review - Margin Strong Despite Weak Volumes: IDBI Capital

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