Branch2 Intelligence
APL Apollo Tubes’ profitability in focus after volumes fail to impress
Key takeaway
APL Apollo Tubes Q1 volumes miss guidance due to weak demand, Dubai disruptions, and steel price volatility.
- Step 11st-order: APL Apollo Q1 volumes miss guidance due to weak demand, Dubai disruptions, and HRC price volatility.
- Step 22nd-order: EBITDA per tonne compression as fixed costs spread over lower volumes and input cost volatility persists.
- Step 33rd-order: Structural steel tube prices may soften as inventory builds, benefiting downstream SMEs but pressuring producer margins.
- Step 44th-order: JSW Steel (HRC supplier) faces demand slowdown from tube makers, while Ratnamani Metals gains market share in structural steel.
Source: LiveMint Markets
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