Volume in Q4 FY22 stood at 64,746 tons, down by 2% from 66,140 tons in Q4 FY21.

Raw Material costs increased by 92% to Rs 740.2 crore in Q4 FY22 from Rs 386.5 crore in Q4 FY21.

EBITDA declined by 9% YoY to Rs 46.3 crore in Q4 FY22. EBITDA per ton was Rs 7,149 in Q4 FY22, which is lower by 7% as compared with Rs 7,671 in Q4 FY21.

Profit before tax fell by 8% to Rs 41.2 crore in Q4 FY22 from Rs 44.6 crore in Q4 FY21.

The company reported 33% rise in net profit to Rs 139.6 crore on a 86% increase in revenue to Rs 2,732.1 crore in FY22 over FY21.

Rahul Gupta, chairman, Apollo TriCoat, said, “Apollo Tricoat Tubes continues to maintain its dominant leadership in two product categories, home beautification and door solutions. These innovative products continue to witness strong traction in the markets.”

Apollo TriCoat became a part of APL Apollo tubes group in FY 2019. The company's products find their usage in myriad applications from green house tubing to rooftop sheds and electrical conduits where triple coated technology is being used as a substitute for PVC pipes worldwide. The company sells its products under following brand names—Signature, Chaukhat, Elegant, Tricoat and Plank.

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Net profit of Apollo Tricoat Tubes declined 10.33% to Rs 30.80 crore in the quarter ended March 2022 as against Rs 34.35 crore during the previous quarter ended March 2021. Sales rose 77.50% to Rs 830.50 crore in the quarter ended March 2022 as against Rs 467.90 crore during the previous quarter ended March 2021.

For the full year,net profit rose 32.99% to Rs 139.65 crore in the year ended March 2022 as against Rs 105.01 crore during the previous year ended March 2021. Sales rose 85.50% to Rs 2732.11 crore in the year ended March 2022 as against Rs 1472.81 crore during the previous year ended March 2021.

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Apollo Tricoat Tubes will hold a meeting of the Board of Directors of the Company on 6 May 2022.

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Net profit of Apollo Tricoat Tubes declined 26.81% to Rs 27.73 crore in the quarter ended December 2021 as against Rs 37.89 crore during the previous quarter ended December 2020. Sales rose 43.00% to Rs 719.91 crore in the quarter ended December 2021 as against Rs 503.44 crore during the previous quarter ended December 2020.

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