{"id":131821,"date":"2022-07-29T10:24:32","date_gmt":"2022-07-29T14:24:32","guid":{"rendered":"https:\/\/44.250.171.167\/?p=131821"},"modified":"2022-10-06T04:28:53","modified_gmt":"2022-10-06T08:28:53","slug":"apl-apollo-tubes-limited-q1-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/apl-apollo-tubes-limited-q1-fy23-earnings-conference-call-insights\/","title":{"rendered":"APL Apollo Tubes Limited Q1 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><span class=\"embed-youtube\" style=\"text-align:center; display: block;\"><iframe loading=\"lazy\" class=\"youtube-player\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/BC_CbA0bsaI?version=3&#038;rel=1&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;fs=1&#038;hl=en-US&#038;autohide=2&#038;wmode=transparent\" allowfullscreen=\"true\" style=\"border:0;\" sandbox=\"allow-scripts allow-same-origin allow-popups allow-presentation allow-popups-to-escape-sandbox\"><\/iframe><\/span><\/p>\n<p><strong>Key highlights from APL Apollo Tubes Limited (<a href=\"https:\/\/44.250.171.167\/symbol\/APLAPOLLO\/\">APLAPOLLO<\/a>) Q1 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Management Update:<\/strong><\/p>\n<ul>\n<li>APLAPOLLO said volume fell short of expectations in 1Q23, losing about 60,000 tons of sales volume. However, the company expects this to recover in coming quarters as the prices stabilize.<\/li>\n<\/ul>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Rahul Agarwal from InCred Capital asked about the outlook on HRC and the price today. Sanjay Gupta MD said the price today is close to INR57. And looking at international market and local market, it may come down to INR52 or INR53 in the next 1-2 months.<\/li>\n<\/ul>\n<ul>\n<li>Rahul Agarwal of InCred Capital asked about the overall outlook for the full year in terms of volume. Sanjay Gupta MD said that for 1H, the company took a target of 10-11 lakh tonne and for 2H target was of 12-13 lakh tonne. Still the company believes it will fulfill the target.<\/li>\n<\/ul>\n<ul>\n<li>Rahul Agarwal with InCred Capital also asked about the TriCoat EBITDA per tonne of INR9,200 for 1Q23 being high. \u00a0Sanjay Gupta MD replied that it was due to better sales mix in TriCoat in 1Q23. It should retract back to its normal long-term avg. of INR7,000 to INR8,000 per ton the company has been guiding.<\/li>\n<\/ul>\n<ul>\n<li>Vikash Singh of Phillip Capital asked about the market share expectation by FY25 for the company. Sanjay Gupta MD said today the market is close to 7 million tonne. Of that 3 million is primary steel and 4 million from secondary steel. Out of the 3 million, APLAPOLLO is targeting 2.3 million. The structural steel market share expectation is between 65-70% in FY25.<\/li>\n<\/ul>\n<ul>\n<li>Vikash Singh from Phillip Capital enquired if the company has taken any inventory write-down during 1Q23. Sanjay Gupta MD clarified there is no inventory write-down. The raw materials the company is taking is selling as per its raw material prices.<\/li>\n<\/ul>\n<ul>\n<li>Akash Pawar with Sahasrara Capital asked about the impact of primary steel capacity coming in India on APLAPOLLO margins. Deepak Goyal CFO answered that it\u2019s not going to impact the company\u2019s margins, ideally it should increase. It will impact the steel sector because when there is more capacity coming in, the historical pricing upside will mellow down.<\/li>\n<\/ul>\n<ul>\n<li>Bhavin Pandey asked that given the recent correction in steel and commodity prices, if the company is expecting rest of the 3 quarters to take up the volumes lost in 1Q23. Sanjay Gupta MD said it\u2019s definitely yes. The same phenomenon happened in 2H22. So APLAPOLLO is expecting the lost volume to recover.<\/li>\n<\/ul>\n<ul>\n<li>Rahul Jain from Systematix enquired about the product profile from the Raipur plant. \u00a0Sanjay Gupta MD said that for Raipur, there are three product categories. Out of the 3 product categories, 1 category is where APLAPOLLO is launching the product for the first time in the in the world, which is color coated Tubes. Second is 500 square diameter heavy tube, the first in India. And third is color coated sheets.<\/li>\n<\/ul>\n<ul>\n<li>Rahul Jain from Systematix also asked if the Raipu plant would increase the company\u2019s margin profile. Sanjay Gupta MD said that the EBITDA per tonne should be INR6,000-8,000 per tonne. The existing margin range is INR4,500-5,000 per tonne.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from APL Apollo Tubes Limited (APLAPOLLO) Q1 FY23 Earnings Concall Management Update: APLAPOLLO said volume fell short of expectations in 1Q23, losing about 60,000 tons of sales volume. However, the company expects this to recover in coming quarters as the prices stabilize. Q&amp;A Highlights: Rahul Agarwal from InCred Capital asked about the outlook [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"APL Apollo Tubes Limited Q1 FY23 Earnings Conference Call Insights #APLAPOLLO #Q1 #FY23","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,5753],"tags":[9044,9800],"class_list":["post-131821","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-industrials","tag-industrial-products","tag-tubes"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":126724,"url":"https:\/\/alphastreet.com\/india\/apl-apollo-tubes-limited-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":131821,"position":0},"title":"APL Apollo Tubes Limited Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"January 26, 2022","format":false,"excerpt":"https:\/\/www.youtube.com\/watch?v=zGfzCaagjbM Key highlights from APL Apollo Tubes Limited (APLAPOLLO) Q3 FY22 Earnings Concall Management Update: APLAPOLLO said it was a mixed quarter for the company, with volume falling short of expectations. The company reiterated its FY25 sales volume outlook of 4 million tonnes, considering the new Raipur facility will start\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":140692,"url":"https:\/\/alphastreet.com\/india\/apl-apollo-tubes-ltd-nse-aplapollo-q3-fy23-results-outtotal-income-rises-18-10-qoq\/","url_meta":{"origin":131821,"position":1},"title":"APL Apollo Tubes Ltd. (NSE: APLAPOLLO)| Q3 FY23 Results Out.| Total Income rises 34% yoy.","author":"Divyansh_Kasana","date":"February 9, 2023","format":false,"excerpt":"APL Apollo Tubes Limited(NSE: APLAPOLLO) is a leading producer of Structural Steel Tubes and pipes in India, with a total capacity of 2.6 MTPA. The company has five manufacturing units across India and serves a wide spectrum of industrial applications through its one-stop shop for a variety of steel products,\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":145993,"url":"https:\/\/alphastreet.com\/india\/earnings-apl-apollo-tubes-limited-nse-aplapollo-q4fy23-results-out-total-income-rises-5-yoy\/","url_meta":{"origin":131821,"position":2},"title":"Earnings | APL Apollo Tubes Limited (NSE: APLAPOLLO): Q4FY23 Results Out; Total Income rises 5% YoY.","author":"Divyansh_Kasana","date":"May 12, 2023","format":false,"excerpt":"APL Apollo Tubes Limited is a leading branded steel products manufacturer in India. With headquarters in Delhi NCR, the company operates 10 manufacturing facilities that produce over 1,500 varieties of MS Black Pipes, Galvanised Tubes, Pre-Galvanised Tubes, Structural ERW Steel Tubes, and Hollow Sections. These products serve a range of\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-6.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-6.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-6.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-6.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-6.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-6.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":170637,"url":"https:\/\/alphastreet.com\/india\/apollo-tubes-q1-fy26-earnings-results\/","url_meta":{"origin":131821,"position":3},"title":"Apollo Tubes Q1 FY26 Earnings Results","author":"Divyansh_Kasana","date":"August 26, 2025","format":false,"excerpt":"APL Apollo Tubes Ltd is a leading Indian manufacturer of branded steel products, headquartered in Delhi NCR. The company operates 10 manufacturing facilities producing over 1,500 varieties of steel tubes and pipes catering to sectors such as infrastructure, housing, irrigation, solar, and engineering. Presenting below its Q1 FY26 Earnings Results.\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"APLAPOLLO Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/APL-1.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/APL-1.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/APL-1.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/APL-1.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/APL-1.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/APL-1.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":177139,"url":"https:\/\/alphastreet.com\/india\/apl-apollo-tubes-reports-record-quarterly-earnings-as-sales-volumes-rise-11\/","url_meta":{"origin":131821,"position":4},"title":"APL Apollo Tubes Reports Record Quarterly Earnings as Sales Volumes Rise 11%.","author":"Staff Correspondent","date":"January 22, 2026","format":false,"excerpt":"APL Apollo Tubes Reports (APLAPOLLO) Steel tube manufacturer achieves best-ever quarterly performance across all major financial metrics despite a challenging demand environment. High operational efficiency and debt reduction support continued 'Strong Buy' analyst ratings. APL Apollo Tubes Limited delivered record-breaking financial performance in Q3 FY26, posting double-digit growth in both\u2026","rel":"","context":"In &quot;Analysis&quot;","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":139984,"url":"https:\/\/alphastreet.com\/india\/apl-apollo-tubes-limited-aplapollo-q3-fy23-earnings-concall-transcript\/","url_meta":{"origin":131821,"position":5},"title":"APL Apollo Tubes Limited (APLAPOLLO) Q3 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"February 3, 2023","format":false,"excerpt":"APL Apollo Tubes Limited (NSE:APLAPOLLO) Q3 FY23 Earnings Concall dated Feb. 02, 2023. Corporate Participants: Anubhav Gupta\u00a0--\u00a0Chief Strategy Officer Sanjay Gupta\u00a0--\u00a0Chairman and Managing Director Analysts: Amit Puri\u00a0--\u00a0Asian Markets Securities -- Analyst Garvit Goyal\u00a0--\u00a0Nvest Research -- Analyst Rahul Agrawal\u00a0--\u00a0InCred Capital -- Analyst Sujit Jain\u00a0--\u00a0ASK Investments -- Analyst Madhav Marda\u00a0--\u00a0Fidelity -- Analyst\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/131821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=131821"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/131821\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=131821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=131821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=131821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}