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Lowered fixed costs; target being debt-free by year-end: APL Apollo Tubes

Updated : October 29, 2020 02:29 PM IST

APL Apollo Tubes has posted a healthy set in the second quarter of the fiscal. The company's revenue is up over 30 percent and margins have also expanded significantly.

Anubhav Gupta, Chief Strategy Officer at APL Apollo Tubes discussed the numbers in detail.

“If the momentum that we got in the month of September continues for the next two-three months, Q3 should be equally good,” he said.

“Given the cash profits which will come over the next six months, we should be near zero debt end of this financial year,” he further mentioned.

To know more about the company's near-term outlook, watch the video
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