12th May 2023

Electronic Filing

National Stock Exchange of India Limited Department of Corporate Services/Listing

“Exchange Plaza” Bandra-Kurla Complex, BSE Limited
Bandra (E), Phiroze Jeejeebhoy Tower,
Mumbai-400051 Dalal Street, Fort,
Mumbai-400001

NSE Symbol : APLAPOLLO Scrip Code : 533758

Dear Sir/Madam,

Re: Earnings presentation and Press Release on Audited Financial Results for
the quarter and financial year ended March 31, 2023

In terms of Regulation 30 of the Listing Regulations read with Schedule III to the
Listing regulations, please find attached Earnings Presentation and Press Release
respectively made by the Company on Audited Financial Results of the Company for
the quarter and financial year ended March 31, 2023.

This disclosure along with the enclosures shall be made available on the website of
the Company viz. www.aplapollo.com .

Yours faithfully
For APL Apollo Tubes Limited
DEEPAK Digitally signed by
DEEPAK CHARUVIL
CHARUVIL SANKUNNI
Date: 2023.05.12
SANKUNNI 17:07:00 +05'30'

Deepak C S
Company Secretary
Membership No. F5060

Encl: a/a
Q4 & FY23 Results
 Safe Harbour

Except for the historical information contained herein, statements in this

presentation and the subsequent discussions, which include words or phrases
such as "will", "aim", "will likely result", "would", "believe", "may", "expect", "will
continue", "anticipate", "estimate", "intend", "plan", "contemplate", seek to",
"future", "objective", "goal", "likely", "project", "should", "potential", "will pursue", and
similar expressions of such expressions may constitute "forward-looking
statements“. These forward looking statements involve a number of risks,
uncertainties and other factors that could cause actual results to differ materially
from those suggested by the forward-looking statements. These risks and
APL APOLLO TUBES

uncertainties include, but are not limited to our ability to successfully implement
our strategy, our growth and expansion plans, obtain regulatory approvals, our
provisioning policies, technological changes, investment and business income,
cash flow projections, our exposure to market risks as well as other risks. The
Company does not undertake any obligation to update forward-looking
statements to reflect events or circumstances after the date thereof.
 Contents

• Q4FY23 at glance

• FY23 at glance

• Financial Performance

• Business Strategy
APL APOLLO TUBES

• New Initiatives

• ESG Engagement

• Team APL Apollo

 Q4FY23 at a Glance
650k ton ₹ 44.3 Bn ₹3.2 Bn ₹ 4,970
Sales Volume Revenue EBITDA EBITDA/ton
18% yoy increase 5% yoy increase 21% yoy increase 3% yoy increase

₹249 Mn ₹ 2.0 Bn 54% ₹ 2.5Bn

Interest Cost Net profit Value Added Cash profit
147% yoy increase 24% yoy increase Sales mix 30% yoy increase
Q4FY22 was 60%
APL APOLLO TUBES

₹ 468Mn 7.3% 4.6%

Depreciation EBITDA Margin Net Margin
68% yoy increase 6.3% in Q4FY22 3.9% in Q4FY22

Note1: Sales Volume and Financials are on consolidated basis

 FY23 at a Glance
2,280k ton ₹161.7 Bn ₹10.2 Bn ₹ 4,481
Sales Volume Revenue EBITDA EBITDA/ton
30% yoy increase 24% yoy increase 8% yoy increase 17% yoy decrease

₹671 Mn ₹6.4 Bn 56% ₹ 9.7 Bn

Interest Cost Net profit Value Added Op. Cash Flow
51% yoy increase 15% yoy increase Sales mix FY22 was Rs 6.5 Bn
FY22 was 63%
APL APOLLO TUBES

5 days 29.2% 23.5% ₹ 2.4 Bn

Net WC days ROCE ROE Net debt
FY22 was 7 days FY22 was 34.6% FY22 was 28.9% FY22 was Rs 2 Bn

Note1: Sales Volume and Financials are on consolidated basis

Note2: Capital employed for ROCE computed as Total assets less Current Liabilities & Cash
 Highest ever Quarterly Sales Volume/EBITDA

Profit & Loss

Q1 FY21 Q2 FY21 Q3 FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23
(Rs mn)

Volume (k
ton) 238 481 486 435 373 427 403 552 423 602 605 650

Net Sales 11,098 22,021 26,009 25,870 25,343 30,839 32,304 42,147 34,386 39,692 43,271 44,311
APL APOLLO TUBES

EBITDA 711 1,691 2,321 2,064 2,547 2,222 2,023 2,661 1,939 2,319 2,729 3,229

EBITDA/ton
(Rs) 2,982 3,514 4,780 4,742 6,825 5,199 5,023 4,823 4,587 3,850 4,510 4,970

PBT 309 1,382 1,995 1,772 2,256 1,956 1,721 2,391 1,629 2,023 2,290 2,692

Net Profit 168 921 1,320 1,192 1,684 1,461 1,279 1,766 1,207 1,502 1,692 2,018
 FINANCIAL
PERFORMANCE
APL APOLLO TUBES
 De-commoditizing Product Portfolio
Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23

Sales Volum EBITDA EBITDA Sales Volum EBITDA Sales Volum EBITDA Sales Volum EBITDA
Product Category Application Sales Mix Volume
Mix e /Ton /Ton Mix e /Ton Mix e /Ton Mix e /Ton

(%) (KTon) (Rs) (%) (KTon) (Rs) (%) (KTon) (Rs) (%) (KTon) (Rs) (%) (KTon) (Rs)

Heavy
7 40 7,835 8 33 7,028 7 41 6,926 8 46 7,568 6 39 8,437
Section

Super Heavy
0 0 0 0 0 2 9,604
Section
Apollo Structural

Light
17 96 5,852 14 59 5,081 18 109 5,344 22 132 4,059 17 108 6,256
Structures
APL APOLLO TUBES

General
40 223 1,955 39 165 1,614 46 276 1,388 44 264 2,284 46 299 2,612
Products

Rust-proof
30 166 7,134 33 141 7,224 23 137 6,816 21 125 7,492 25 163 7,327
structures
Apollo Z
Coated
0 5,040 2 7 5,001 2 12 9,401 2 10 3,146 1 10 4,424
Products

Apollo Galv Agri/Industrial 5 26 5,040 4 18 5,005 4 27 4,966 5 28 5,659 4 27 6,780

Total 100 552 4,823 100 423 4,587 100 602 3,850 100 605 4,510 100 650 4,970

*ABPL (New Raipur) products have been re-classified in Super Heavy, Light and Coated Products
 De-commoditizing Product Portfolio
FY19 FY20 FY21 FY22 FY23
EBITDA/ Sales EBITDA/ Sales EBITDA/ Sales EBITDA/ Sales
Product Category Application
Sales Mix Volume Ton Mix Volume Ton Mix Volume Ton Mix Volume Ton Mix Volume EBITDA/Ton
Gradually
(%) (KTon) improved our value added product contribution
(Rs) (%) (KTon) (Rs) (%) (KTon) (Rs) (%) (KTon) (Rs) (%) (KTon) (Rs)

Heavy 6 80 3,775 6 101 4,000 6 95 4,721 7 121 7,422 7 160 7,505

Super Heavy - - - - 0 2 9,604

Apollo Structural
Light 8 108 3,707 8 134 4,778 21 352 5,649 19 336 6,683 18 407 5,134

General 58 777 1,615 55 898 1,361 43 713 1,658 37 647 2,145 44 1,005 2,025

Rust-proof 21 283 5,568 25 401 5,279 25 409 6,692 33 575 7,710 25 567 7,214
Apollo Z
Coated - - - 0 0 2 39 5,731
Apollo Galv
APL APOLLO TUBES

Agri/Industrial 7 92 4,362 6 99 3,952 4 71 6,040 4 76 6,442 4 99 5,667

Apollo Build/ New Coated
-
Raipur* Products 0 0 - 0 0 - 0 0 - - - - -

Total 100 1,339 2,933 100 1,633 2,923 100 1,640 4,138 100 1,755 5,386 100 2,280 4,481

Value added products with EBITDA

Standard products with more than Rs 4,000/Ton
EBITDA around Rs 2,000/ Ton

*ABPL (New Raipur) products have been re-classified in Super Heavy, Light and Coated Products
 Global Peer Benchmarking
19%
162
85 17%
14%
APL Apollo
185
106
6%

SSAB 68 Maruichi Zekelman

SSAB Maruichi Zekelman APL Apollo

Revenue (Rs Bn) EBIDTA Margin (%)

3.6
APL APOLLO TUBES

2.8

60% 60%
80%
1.4 97%
1.1

SSAB Maruichi Zekelman APL Apollo

SSAB Maruichi Zekelman APL Apollo

Manufacturing Capacity (mn ton) Building Material and Infrastructure

Sales (% of Revenue)
Based on latest financial available data
 Growing Strength to Strength
Volume (k'ton) EBITDA (Rsm)
650 3,229
602 605
552 2,661 2,729
2,319
423
1,939

Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23

Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23

EBITDA/Ton (Rs) Net Profit (Rsm)

APL APOLLO TUBES

4,823 4,970 2,018

4,587 4,510
3,850 1,630 1,692
1,502

1,071

Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23

1. Sales Volume and Financials are on consolidated basis

2. EBITDA has been calculated without other income
 Growing Strength to Strength
Operating Cash Flow (Rs Bn) Net Debt/EBITDA (x)

2.1

9.8 9.7
1.7

6.5
5.1
3.6
0.2 0.2 0.2

FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23

Net Debt/ Equity (x) Net Debt (Rs Bn)

APL APOLLO TUBES

0.9 8.1 7.9

0.6

2.4
2.0
1.6
0.1 0.1 0.1

FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23
 Growing Strength to Strength
ROCE (%)
ROE (%)
34.6
28.9 29.2
24.8 26.5
23.5
21.2
16.5 18.4 18.4

FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23

Interest Coverage Ratio (x) Net Working Capital Days

APL APOLLO TUBES

34
19.7
29

13.9

9.3
9 7
3.8 5
3.0

FY19 FY20 FY21 FY22 FY23

FY19 FY20 FY21 FY22 FY23

Note: Capital employed for ROCE is computed as Total assets less Current Liabilities & Cash
 Growing Strength to Strength
90
Capex to Op. Cash flow (%) 87
Operating Cashflow to EBITDA (%)
144 63
59
107
91 95

69
29

FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23

FCF (Rs Bn) Du-Pont ROE (%)

5 30
APL APOLLO TUBES

6.1
4
25
3
20
2
-0.6 15
0.4 1
-0.1
0 10
-0.4 FY19 FY20 FY21 FY22 FY23
FY19 FY20 FY21 FY22 FY23 Net Margin (%) Asset Turnover
Leverage (Total Asset/Networth) Du-pont ROE (%)-RHS
 Profit & Loss Statement (Consol)
Particulars (Rsm) Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 FY22 FY23

Sales Volume (k Ton) 552 423 602 605 650 1,755 2,280

Net Revenue 42,147 34,386 39,692 43,271 44,311 1,30,633 1,61,660

Raw Material Costs 36,829 29,915 34,747 37,693 37,823 1,12,231 1,40,178

Employee Costs 410 445 468 554 595 1,530 2,062

Other expenses 2,247 2,086 2,158 2,296 2,665 7,419 9,204

EBITDA 2,661 1,939 2,319 2,729 3,229 9,452 10,215

EBITDA/ton (Rs) 4,823 4,587 3,850 4,510 4,970 5,386 4,481

APL APOLLO TUBES

Other Income 110 83 116 93 180 405 472

Interest Cost 101 100 136 186 249 445 671

Depreciation 279 294 276 345 468 1090 1,383

Tax 625 422 521 598 673 2,133 2,214

Net Profit 1,766 1,207 1,502 1,692 2,018 6,190 6,419

*Trading Revenue 497 235 765 1,084 785 2,505 2,869

Note 1: Sales Volume and Financials are on consolidated basis

 Balance Sheet & Cash flow(Consol)
Balance Sheet - Assets (Rs
mn) FY23 FY22 Cashflow Statement (Rs mn) FY23 FY22
Cash & Bank Balance 6,295 3,764 EBITDA 10,215 9,452
Receivables 1,374 3,417 Accounts receivables 1,990 -2,108
Inventories 14,799 8,472 Inventory -6340 -887
Other current assets 3,110 2,617 Other WC changes 5,494 1,638
Fixed assets (net) 27,232 21,039 Tax -2,161 -1,993
Right to use Assets 925 870 Other Income 472 405
Investments 960 862 Operating cash flow 9,670 6,506
Other assets/goodwill 3,821 3,367 Capex -8,424 -5,869
Total Assets 58,516 44,409 Investments -222 -871
Balance Sheet - Liabilities
(Rs mn) FY23 FY22 Interest -602 -407
APL APOLLO TUBES

Trade payables 15,970 10,595 Free cash flow 423 -640

Other current liabilities 1,185 1,365 Dividend payments -875 0
Debt 8,729 5,806 Capital increase 27 70

Others 2,576 2,119 Others 32 152

Minority Interest/Provision 0 0 Net change in cash flow -393 -418

Shareholders' funds 30,056 24,525 Net debt beginning -2,042 -1,624
Total Equity & Liabilities 58,516 44,409 Net debt end -2,434 -2,042
 Consol. Cash Flow Bridge (Rs Mn.)
10,000

8,000

6,000

4,000
9,670 -8,424
(Rs mn.)

2,000

-2,042 -2,434
APL APOLLO TUBES

-2,000 -222 -1,417

-4,000
Net debt in FY22 Op Cash flow Capex Investments Dividend & others Net debt in FY23

Business continues to Capex being funded from Net debt to EBITDA at 0.2x
generate strong internal cash flows
operational cash flows
 Capex Plan for Distribution
Capex Plan for Distribution
value addition Enhancement
value addition Enhancement

BUSINESS
STRATEGY
APL APOLLO TUBES

Market
Market Creation
Creation Innovation
Innovation
 APL Apollo Vision

MARKET
CREATION
INNOVATION ESG

• Solid new product

+ • Replacement of
conventional + • Introducing environmentally
construction products friendly products
pipeline
• Wood • To reduce the emissions by
• Complete product • Angles/Channels 25% by 2030
• RCC • Working Towards gender
portfolio for steel
APL APOLLO TUBES

• Reach out program for diversity

buildings influencers: Fabricators, • Focus on CSR towards local
Architects, Structural communities
• Innovative processes
Engineers • New Code of conduct
which improve life of implemented for all
employees
steel

19
 INNOVATION
Mission: World’s only company to make
steel tubes with size range of 10x10mm
to 1000x1000mm and thickness range of
APL APOLLO TUBES

0.23 mm to 40mm

20
 What we have done so far as the first company
Indian Markets

Structural steel square and Structural application in

rectangular tubes: construction Industry

Pre-galvanized structural Corrosive resistant structural

steel tubes (Apollo Z): applications

DFT (Direct Forming Faster TAT with tailor made

APL APOLLO TUBES

Technology) sizes

300x300mm dia structural Heavy structural application

steel tubes: in Construction industry

Superior corrosive resistant

Inline galvanizing (ILG)
product strong demand in
coastal market
21
 What we have done so far as the first company
Global Markets

Chaukhat (Door frame Replacing Conventional

shape tubes) wooden door frames

Rectangular section of 1:11 Replacing Conventional

(Length to Breadth) wooden sections
APL APOLLO TUBES

22
 16 Registered Patents

Double Door Chaukhat Tube Apollo Signature Four Double Door Chaukhat Tube Single Door Chaukhat Tube

Elliptical Tube for electric transformers D Section for Handrail/Fence Handrail Tube Window Frame Tube (L)
APL APOLLO TUBES

Window Frame Tube (T) Window Frame Tube (Z) Reflector Tube Oval Tube for Gym equipment

Plank Tube Octagon Tube for Furniture Fencing Tube Checkered Section

23
 New Product Pipeline from Raipur plant
World’s 1st thicker color Superior corrosion resistant, high
coated products load bearing with aesthetics

World’s 1st Color coated Superior corrosion resistant with

structural steel tubes aesthetics

India’s 1st 500x500mm dia

structural steel tubes
Replacing RCC structures/columns
in heavy construction
India’s 1st and World’s 2nd
1,000x1,000mm
APL APOLLO TUBES

High tensile light structural application;

India’s 1st CRCA Black bendable; superior rust proof
annealed tube properties

Superior rust proof properties

India’s 1st AluZinc tubes and better life 24
 MARKET
CREATION
APL APOLLO TUBES

25
 Structural Steel Tube Applications

Application Mix

Commercial
Buildings
25%

Housing
50%
APL APOLLO TUBES

Infrastructure
20%

Others
5%

26
 How Have We Created Market..
Conventional Construction Why Structural Steel Tube replaces How to replace the conventional
Applications
Products these products? products??

Structural support, Towers Uniform Strength,

Steel Angle/Channels
infrastructure Lower steel consumption

Low Diameter
Cost Effective, Termite Proof,
Wood Furniture, Door Frames, Planks
Environmental Friendly
Steel Tubes/Low Load
Bearing

Cost Effective,
Aluminum Profiles Facades & Glazing
APL APOLLO TUBES

Higher Strength

Reinforced Cement Concrete Construction of Buildings

Faster Construction High Diameter
Environmental Friendly Steel Tubes/High
Load Bearing

Lower steel consumption

Fabricated Metal Sheet Pre-Engineered Steel Buildings
Reduces overall project cost

27
 REVOLUTIONIZING
CONSTRUCTION
INDUSTRY
APL APOLLO TUBES

28
 Tubular Construction Process flow
Tube Manufacturing Fabrication Civil Foundation Hospital Building
Production of 6,000 ton ERW Tubes are sand blasted, Civil Foundation & Arrangement Hospital
tubes per day at plants of APL then connected using of anchor bolts at site to install
Apollo connectors tube columns

Transfer of
cut to length Transfer of
tubes to structure
Fabricator’s parts to the
workshop site
APL Apollo Tubes

CTL Line Painting Site Erection

Cutting of tubes into Connected structures are Zero on-site fabrication/Welding;
desired length at APL painted Erection using bolting connections
Apollo plant to minimise
wastages

29
 Delhi Hospitals- Proof of Concept

Geeta Colony Sultanpuri Shalimar Bagh

Fabrication & Erection Fabrication & Erection Fabrication & Erection
1,000 ton 600 ton 3,300 ton
APL APOLLO TUBES

Revolution in
Construction
GTB Hospital Sarita Vihar
Fabrication & Erection Fabrication & Erection
1,800 ton 900 ton
30
 Applications
● High Rise Buildings
○ Hospitals, Housing, Schools,
Courts, Hotels/Malls/Offices 45 42mn sq. ft. 220,000 ton
heavy structural steel
● Warehouses/Cold Storage/Food Parks projects Visibility tubes

● Factory Buildings/Process Structures

● Aviation Hangers Ongoing enquiries
● Data Centres
APL Apollo Tubes
 OUR BIGGEST
EVER
APL APOLLO TUBES

(NEW RAIPUR PANT)

32
 Raipur Plant Update

HIGHLIGHTS
• Upcoming 400 Acre Raipur plant

progressing on expected lines

• Project commenced in phases from

H2FY23

• 100% value added products

APL APOLLO TUBES

• Total capex Rs8-10bn; c90% already

incurred

33
 Raipur Plant Update
APL APOLLO TUBES

Area of 1.5mn square feet being built using 100% Apollo Column Tubes
34
APL APOLLO TUBES

NEW INITIATIVES
 B2C Tech App
APL APOLLO MOBILE - APPLICATION LAUNCHED

30,000+ Fabricators enrolled

APL APOLLO TUBES

145,000+ Total Downloads

400+ Designs

16 Patents registered
 APL Apollo’s
ESG Transformation
Journey

37
 DJSI Scoring

APL APOLLO
SCORED 80TH
PERCENTILE IN FY22

We expect better score

APL APOLLO TUBES

this year as we are

improving on ESG
parameters

38
 Commitment and achievements
Commitments
Achievements

 Committed to reducing Scope 1&2 emissions by 25% by 2030 E  Introduced new, environmentally friendly products E
 Committed to set near term and Net Zero targets by 2050  All plants have access to green energy, 2 plants have more
E than 85% dependency on green energy E
 Renewable energy contribution to be 47% by 2030 from 38% E  Almost all plants have rainwater harvesting facilities S
 Targeted to increase the female workforce by 1% every year
S  Zero accidents by providing safety training at sites S
 CSR initiatives in the local communities to uplift their lifestyle
APL APOLLO TUBES

S  Attrition rate below 5% S

 Skill development trainings and safety trainings
S  Hiring female workforce to achieve gender diversity targets S
 Occupational Health and safety assessment of all work force S  Given emphasis to CSR initiatives in local communities S
 Training on code of conduct to educate each employee
G  New Code of conduct implemented for all employees G

39
 ESG Developments

Assessed Scope 3 emissions (in addition to Scope 1 & Scope 2)

1) Safety Manual formulated for all the production facilities and offices
2) New Human Rights policy incorporated
APL APOLLO TUBES

Code of Conduct: New Code of conduct is formulated for all employees

40
 Front runner for Steel for Green
 APL Apollo is the 1st Company to innovate readymade
Chaukhat, Fence, Plank and Hand rails as Steel for Green
Concept which replaced conventional wood application in
building construction

 Our Products are saving 250,000 trees every year, going ahead
we will be saving more and more trees to keep the planet
greener

 Keeping the Steel for Green as priority APL is the 1st Company
to innovate narrow and thicker color coated galvanized
sheets which will save more trees
APL Apollo Tubes

41
 Steel Buildings = Decarbonization
● Construction sector contributes 30% of
direct and indirect Co2 emissions Steel Structure - RCC Structure
● Structural steel is preferred for steel
buildings because steel is

○ Infinitely recyclable

○ Easy to pre-fabricate

○ High volume to weight ratio

APL Apollo Tubes

○ Lighter/ stronger structure allow

gains inn vertical space

Research indicates replacing reinforced

concrete with steel structures can
reduce emission by 60%

42
 Financial Priorities under Strong Governance

Growth Earnings
Drive sustainable EPS growth
Profitable Organic Growth
Attain earnings objectives across
Commitment to R&D and Talent
economic cycles
Innovate products to replace
conventional construction
methods
APL APOLLO TUBES

Capital Allocation

Drive sustainable EPS growth

Attain earnings objectives across economic cycles
Achieve ROCE ≥ 30%
 Team APL Apollo
DIRECTORS
DIRECTORS
(NON
(NON
EXECUTIVE)
EXECUTIVE)

Neeru Abrol Abhilash Lal Anil Kumar Bansal Virendra Singh Jain
Director at TCNS Clothing Co 3 decades of professional Director of NABARD, Rockland Board member of Dalmia Bharat
Limited & others|Awarded best experience in senior roles across Finesto Ltd & others Ltd|Ex-Chairman of
achiever by ICAI | 26 Yr financial services including 4 decades of experience in SAIL|Ex-Executive Director at
experience in SAIL banking, PE & others banking industry IOC

Ashok Kumar Gupta Rahul Gupta

Ameet Gupta A promising entrepreneur with
Vinay Gupta
Steel industry veteran with 4 More than 20 years of industry
decades of experience Wholetime Director at Havells an experience of around 5
experience in the
Worked as MD in APL Apollo in India, India’s largest electrical years in Steel Tubes manufacturing and trading
the past goods manufacturer Manufacturing, currently MD pipes, tubes and sheets.
of Apollo Tricoat Tubes Ltd.
APL APOLLO TUBES

EXECUTIVE
EXECUTIVE
TEAM
TEAM

Sanjay Gupta Deepak Goyal Romi Sehgal Anubhav Gupta

CMD Chief Finance Officer Director Chief Strategy Officer

Anurag Mehrotra Ravindra Tiwari CK Singh

Chief Human Resource Head-Sales & VP - Operations
Officer Marketing
Thank You
For further information,
please contact:

Anubhav Gupta Deepak Goyal APL Apollo new Corporate office (Work in progress)

APL Apollo Tubes Ltd APL Apollo Tubes Ltd

Tel: +91 120 404 1452 Tel: +91 120 404 1400
Email: [email protected] Email: [email protected]

APL APOLLO TUBES

Kamal Kant Sahoo
APL Apollo Tubes Ltd
Tel: +91 120 404 1517
Email: [email protected]

APL Apollo new Corporate office to be operational

by H1CY23
 APL Apollo Tubes Limited
Regd. Office: 37, Hargobind Enclave, Vikas Marg, Delhi – 110 092
Corp. Office: 36, Kaushambi, Behind Wave Cinemas, Ghaziabad – 201010

Q4FY23 FINANCIAL PERFORMANCE

Sales volume of 649,726 tons, +18% YoY

EBITDA of Rs3.2bn, +21% YoY

Net Profit of Rs2.0bn, +24% YoY

FY23 FINANCIAL PERFORMANCE

Sales volume of 22,79,846 tons, +30% YoY

EBITDA of Rs10.2bn, +8% YoY

Net Profit of Rs6.4bn, +4% YoY

Ghaziabad, May 12, 2023: APL Apollo Tubes Limited (APL Apollo), India’s leading branded
structural steel tube company, today announced its financial results for the quarter and year
ending March 31, 2023.

Q4FY23 Financial performance highlights

 Sales volume up by 18% YoY to 650k tons

 Revenue expanded by 5% YoY to Rs44.3bn
 EBITDA increased by 21% to Rs3.2bn
o EBITDA per ton was Rs4,970 (+3% YoY)
 Net Profit increased by 24% to Rs2.0bn
FY23 Financial performance highlights

 Sales volume up by 30% YoY to 2,280k tons

 Revenue expanded by 24% YoY to Rs161.7bn
 EBITDA increased by 8% to Rs10.2bn
o EBITDA per ton was Rs4,481 (-17% YoY)
 Net Profit increased by 4% to Rs6.4bn

Note: Sales Volume and Financials are on consolidated basis

Mr. Sanjay Gupta, Chairman, APL Apollo, comments in Q4 & FY23 results

“The Company reported its highest ever quarterly sales volume and EBITDA in Q4FY23. The
value added products contributed 56% to our overall sales volume in FY23. Moreover the ramp
up from our greenfield plant in Raipur will support sales volume and EBITDA growth in coming
quarters. We continue to remain prudent with our working capital management which
remains best in the building material sector.”

About APL Apollo Tubes Limited

APL Apollo Tubes Limited (APL Apollo) BSE: 533758, NSE: APLAPOLLO is India’s leading structural steel tube manufacturer.
Headquartered at Delhi NCR, the Company operates 11 manufacturing facilities with a total capacity of 3.6 million tons. It has a
pan-India presence with units strategically located in Sikandarabad (UP), Hyderabad, Bangalore, Hosur (Tamil Nadu), Raipur
(Chhattisgarh), Dujana (UP), Malur (Karnataka) and Murbad (Maharashrtra). APL Apollo’s multi-product offerings include over
1,500 varieties for multiple building material structural steel applications. With state-of-the-art-manufacturing facilities, APL Apollo
serves as a ‘one-stop shop’ for a wide spectrum of products, catering to an array of industry applications such as urban
infrastructure and real estate, rural housing, commercial construction, greenhouse structures and engineering applications. The
Company’s vast 3-tier distribution network of over 800 Distributors is spread across India, with presence in over 300 towns and cities.

For more information about us, please visit www.aplapollo.com or contact:

Deepak Goyal
APL Apollo Tubes Ltd Tel: +91 120 474 2700
Email: [email protected]

Anubhav Gupta
APL Apollo Tubes Ltd Tel: +91 120 404 1400
Email: [email protected]

Kamal Kant Sahoo

APL Apollo Tubes Ltd Tel: +91 120 404 1400
Email: [email protected]