APLAPOLLO

Feb 5 (Reuters) - APL Apollo Tubes Ltd APLA.NS:

• GOT TAX DEMAND ORDER OF 280.4 MILLION RUPEES

Source text: ID:nNSE9gM3Wv

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Jan 20 (Reuters) - APL Apollo Tubes Ltd APLA.NS:

• APL APOLLO DEC-QUARTER CONSOL PROFIT 2.17 BILLION RUPEES

• APL APOLLO DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 54.33 BILLION RUPEES

Source text: ID:nBSE78Bglm

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** Shares of APL Apollo Tubes APLA.NS fall as much as 5% to 1,376.7 rupees after Q2 results, extending drop of 1.5% earlier in the day

** APLA biggest pct loser on Nifty metal index .NIFTYMET, which is down 0.8%; stock set for worst day in five months

** Steel tubes maker reported nearly four-fold drop in Q2 profit

** Analysts' avg rating on stock is a "buy", in-line with peer Ratnamani Metals RMT.NS - LSEG data

** Median PT on APLA is 1,708 rupees

** APLA last down 4%, extending YTD losses to 7.9%; while NIFTYMET up 15%

(Reporting by Manvi Pant in Bengaluru)

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APL Apollo Tubes Ltd APLA.NS:

• APL APOLLO- GOT ORDER FOR TAX DEMAND OF 16.5 MILLION RUPEES

Source text for Eikon: ID:nBSEgwdcZ

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July 1 (Reuters) - APL Apollo Tubes Ltd APLA.NS:

• SALES VOLUME OF 721,064 TON IN Q1FY25 VERSUS 661,501 TON YEAR AGO

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** Shares of APL Apollo Tubes APLA.NS down as much as 6.3% before trimming some losses, last down 0.4% to 1,530 rupees

** The structural steel tubes maker's Q4 consol profit fell over 15%

** Q4 performance was slightly weak as demand got impacted ahead of general elections and ongoing slowdown in retail spending, which led the co to offer discounted products to boost up sales volumes, APLA said in a statement

** Over 600,000 shares traded, 1.3x the 30-day avg

** Analysts' avg rating on stock is "Buy", in line with most stocks on the 15-member Nifty metal index .NIFTYMET, per LSEG data

** Median PT on APLA stock is 1,775 rupees - a ~16% premium on last close

** Including session's losses, stock down 0.4% so far this year vs 12% gains in the NIFTYMET

(Reporting by Manvi Pant in Bengaluru)

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April 18 (Reuters) - APL Apollo Tubes Ltd APLA.NS:

• MADRAS HIGH COURT PASSED ORDER SETTING ASIDE ORDER OF STATE TAX OFFICER TO EXTENT OF 183.9 MILLION RUPEES

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April 17 (Reuters) - APL Apollo Tubes Ltd APLA.NS:

• INDIAN COURT SETS ASIDE ORDER OF TAX DEMAND TO EXTENT OF 74.5 MILLION RUPEES

Source text for Eikon: ID:nNSE1RDC6W

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April 4 (Reuters) - APL Apollo Tubes Ltd APLA.NS:

• HIGH COURT ORDER SET ASIDE TAX ORDER OF 541.4 MILLION RUPEES

Source text for Eikon: ID:nBSE6tXK0m

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** APL Apollo Tubes' APLA.NS shares up 1.6%, trimming some gains after rising as much as 2.6% earlier

** Steel tubes maker's stock gained 4.7% in previous session

** Company's Q4 sales up 4% y-o-y, expects construction-led demand to further boost sales

** Stock among top gainers on Nifty metals index .NIFTYMET, index up 0.32%

** Including session's gains, APLA up 4%

(Reporting by Manvi Pant in Bengaluru)

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March 27 (Reuters) - APL Apollo Tubes Ltd APLA.NS:

• APL APOLLO TUBES - GETS TOTAL TAX DEMAND OF 4.2 MILLION RUPEES

Source text for Eikon: ID:nNSE56vVv8

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March 7 (Reuters) - APL Apollo Tubes Ltd APLA.NS:

• GOT TAX ORDER OF TOTAL DEMAND 84.4 MILLION RUPEES FOR FY20

• GOT TAX ORDER WITH TOTAL DEMAND OF 74.6 MILLION RUPEES FOR FY2020-21

Source text for Eikon: ID:nBSEbtpfcR

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** Shares of APL Apollo Tubes APLA.NS fall as much as 4.06% to 1,466.65 rupees apiece, lowest in nearly five months

** Steel tubes maker reports a 0.22% year-on-year decline in sales volume in December quarter at 603,659 tonnes

** Sales volume fell 10.54% in the third quarter from the previous quarter

** Sequential decline in quarterly sales volume was due to channel de-stocking in anticipation of steel price correction, says APLA

** Expects overall sales to pick up in the subsequent quarters due to likely restocking after recent reduction in domestic steel prices

** The mean recommendation of 12 analysts tracking APLA is 2.1, equivalent to "buy"; median PT is 1,734.50 rupees apiece - LSEG data

(Reporting by Bharath Rajeswaran in Bengaluru)

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Jan 1 (Reuters) - APL Apollo Tubes Ltd APLA.NS:

• REGISTERED A SALES VOLUME OF 6,03,659 TON IN Q3FY24

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Oct 30 (Reuters) - APL Apollo Tubes Ltd APLA.NS:

• SEPT-QUARTER CONSOL PROFIT 2.03 BILLION RUPEES VERSUS PROFIT 1.5 BILLION RUPEES

• SEPT-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 46.30 BILLION RUPEES VERSUS 39.69 BILLION RUPEES

• APPOINTED CHETAN KHANDELWAL AS CHIEF FINANCIAL OFFICER

Source text for Eikon: ID:nBSEb3W1qJ

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** Shares of APL Apollo Tubes APLA.NS rise as much as 4.1% to 1,362 rupees; highest level since July 3

** The steel tube manufacturer on Monday said its unit was granted incentives worth 5 billion rupees ($60.71 million) from Chhattisgarh government for setting up manufacturing facility in the state

** Trading volume is more than 379,00 shares as of 10:16 a.m. IST, 0.6x the 30-day avg - Refinitiv data

** Eleven analysts rate stock 'buy' or higher, one 'hold' and one 'sell;' median PT is 1,400.00 rupees

** As of last close, stock up ~20% this year

($1 = 82.3620 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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July 10 (Reuters) - APL Apollo Tubes Ltd APLA.NS:

• APL APOLLO TUBES LTD - UNIT HAS BEEN GRANTED INCENTIVES OF 5 BILLION RUPEES BY GOVERNMENT. OF CHATTISGARH

Source text for Eikon: ID:nBSE6fN1Tr

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** Shares of APL Apollo Tubes APLA.NS rise as much as 3.03% to a near-three-month high of 1,265 rupees

** Stock is the top gainer on Nifty metal index .NIFTYMET, which is up 0.9%

** Rise after Anand Rathi initiates coverage with a "buy" and PT of 1,500 rupees, a upside of 22% to last close

** Estimates revenue, core profit and PAT to grow at CAGR of 33%, 32% and 38%, respectively over FY2023 to FY2025

** Sees incremental market share gains for APLA on rising utilisation levels and rising demand for structural steel tubes

** Trading volume is ~394,000 shares as of 11:57 a.m. IST, 0.7x the 30-day avg - Refinitiv data

** Eleven analysts rate stock 'buy' or higher, one 'hold' and one 'sell;' median PT is 1,400.00 rupees

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Shares of steel tube manufacturer APL Apollo Tubes Ltd APLA.NS rise as much as 2.21% to 1,160.50 rupees

** Analysts at Motilal Oswal believe APLA will benefit the most from govt's Amrit Bharat Station Scheme for railway station redevelopment, Jal Jeevan Mission to erect water tanks, citing "strong momentum" in structural tubes application in these schemes

** Adds, APLA is its top pick in the structural tubes industry as it expects co to gain a larger pie in the growing market; maintains "buy" rating with TP of 1,490 rupees

** Motilal projects revenue/EBITDA/PAT CAGR of 15%/35%/40% over FY23–25

** Twelve of the 14 analysts covering stock have a "buy" or "strong buy" rating, 1 "hold," while 1 rate it "sell;" median PT is 1,400 rupees - Refinitiv data

** Stock up 3.98% YTD, as of last close

(Reporting by Ashish Chandra in Bengaluru)

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** Shares of APL Apollo Tubes Ltd APLA.NS rise as much as 4.09%, most intraday pct gain in two months, to 1,148 rupees

** Domestic brokerage Axis Securities identifies the steel tube maker's stock as its pick of the week; reiterates "buy" with a target price of 1,200 rupees

** Stock rose nearly 1% on Monday as well

** Co to ramp up its capacity from 3.6 mega tonnes to 5 MT by FY2025, says Axis Securities

** Sees a capital expenditure of 6 bln rupees over next 18 months

** Expects net debt to decline from 2.4 bln rupees in FY2023 to net zero by FY2025

** Trading volume is 684,385 shares as of 2:37 p.m. IST, 1.6 times the 30-day avg - Refinitiv data

** Of the 14 analysts tracking APLA, 12 maintain "buy", one suggests "sell" and one recommends "hold"; median TP is 1,400 rupees

(Reporting by Bharath Rajeswaran in Bengaluru)

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May 12 (Reuters) - APL Apollo Tubes Ltd APLA.NS:

• INDIA'S APL APOLLO TUBES MARCH-QUARTER CONSOL PROFIT 2.02 BILLION RUPEES VERSUS PROFIT 1.77 BILLION RUPEES

• APL APOLLO TUBES MARCH-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 44.31 BILLION RUPEES VERSUS 42.15 BILLION RUPEES

• FINAL DIVIDEND OF 5 RUPEES PER SHARE

Source text for Eikon: ID:nBSE1wzCvJ

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MUMBAI, April 24 (Reuters) - India's APL Apollo Building Products has accepted bids worth 2 billion rupees ($24.4 million) for bonds maturing in three years, three merchant bankers said on Monday.

The company will pay an annual coupon of 7.80% on the issue, for which it had invited bids from bankers and investors earlier in the day, they said.

The bonds are rated AA by ICRA and the issue will be settled later this week.

($1 = 81.8790 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Varun H K)

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MUMBAI, April 17 (Reuters) - India's APL Apollo Building Products plans to raise 2 billion Indian rupees ($24.39 million) selling bonds maturing in three years, three bankers said on Monday.

The company will pay an annual coupon of 7.80% on the issue for which it has invited bids from bankers and investors on April 24, they said.

The bonds are rated AA by ICRA and the issue will be settled next week.

($1 = 82.0080 Indian rupees)

(Reporting by Dharamraj Dhutia
Editing by Shinjini Ganguli)

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