loader2
Login Open ICICI 3-in-1 Account
Open ICICI 3-in-1 Account

APL Apollo Tubes Results: Latest Quarterly Results & Analysis

Open Free Trading Account Online with ICICIDIRECT
+91
APL Apollo Tubes Ltd. 29 Oct 2025 15:08 PM
Result PDF

Q2FY26 Quarterly Result Announced for APL Apollo Tubes Ltd.

Iron & Steel Products company APL Apollo Tubes announced Q2FY26 results

  • Sales volume increased by 11% YoY to 1,649,387 Ton.
  • EBITDA increased by 86% YoY to Rs 8.2 billion.
    • EBITDA per ton at Rs 4,966/Ton.
  • Net Profit increased by 118% YoY to Rs 5.4 billion.

Sanjay Gupta, Chairman, APL Apollo, said: “APL Apollo has delivered its best-ever quarterly performance in Q2FY26, with highest sales volume, EBITDA, and PAT. It is a remarkable milestone given the challenging demand environment faced by the construction material industry. Despite extended monsoons, a subdued macroeconomic environment, global trade uncertainty and ongoing slowdown in government infrastructure spending, APL Apollo has delivered exceptional resilience and execution strength.

We are ready with our capacity, diversified product portfolio, distribution network and strong brand pull. Henceforth we expect H2FY26 to perform much better than H1FY26. The company's commitment to delivering exceptional product quality, coupled with its unwavering dedication to customer satisfaction, has propelled it to the forefront of the industry. We continue to remain prudent with our working capital management, which remains best in the construction material sector”.

Result PDF

Result PDF

Iron & Steel Products company APL Apollo Tubes announced Q1FY26 results

  • Sales volume increased by 10% YoY to 794,350 Ton.
  • Revenue increased by 4% YoY to Rs 51.7 billion.
  • EBITDA increased by 23% YoY to Rs 3.7billion.
    • EBITDA per ton at Rs 4,683/Ton.
  • Net Profit increased by 23% YoY to Rs 2.4 billion.

Sanjay Gupta, Chairman, APL Apollo, said: "The company reported 10% YoY growth in sales volume which was below our own expectations. The demand conditions for the structural steel tube industry were tough due to challenging macroeconomic environment, geopolitical tension, USA tariff uncertainty and slowdown in government spending. Early onset of monsoon season across India impacted construction industry.

We expect demand conditions to improve in second half of the current financial year on the back of an improved government budget allocation for the infrastructure sector.

We are ready with our capacity, product range, distribution network and brand pull. Henceforth we expect H2FY26 to perform much better than H1FY26.

The company's commitment to delivering exceptional quality, coupled with its unwavering dedication to customer satisfaction, has propelled it to the forefront of the industry. We continue to remain prudent with our working capital management, which remains best in the construction material sector”.

Result PDF

Iron & Steel Products company APL Apollo Tubes announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Sales volume of 850,447 Ton ( 25% YoY, 3% QoQ)
  • EBITDA of Rs 4.1 billion ( 48% YoY, 20% QoQ)
  • EBITDA/ Ton of Rs 4,864 ( 18% YoY, 17% QoQ)
  • Net Profit of Rs 2.9 billion ( 72% YoY, 35% QoQ)

FY25 Financial Highlights:

  • Sales volume increased by 21% YoY to 3,157,978 Ton
  • Revenue increased by 14% YoY to Rs 206.9 billion
  • EBITDA increased by 1% YoY to Rs 12 billion
    • EBITDA per ton at Rs 3,797/Ton
  • Net Profit increased by 3% YoY to Rs 7.6 billion

Sanjay Gupta, Chairman, APL Apollo, comments on Q4FY25 results: "The company has reported its strongest quarterly and yearly performance achieving record-high sales volume, revenue, EBITDA, and net profit. This outstanding performance came despite of challenging macroeconomic environment, global trade uncertainty and slowdown in Indian government’s spending. For FY25, the company’s volume increased 21% YoY, which exceeded overall industry growth. We remain focused on innovation and delivering the best customer experience to further enhance our leadership position in the industry. We continue to remain prudent with our working capital management, which remains best in the construction material sector”.

Result PDF

Iron & Steel Products company APL Apollo Tubes announced 9MFY25 & Q3FY25 results

Q3FY25 Financial Highlights:

  • Sales volume of 828,200 Ton ( 37% YoY, 9% QoQ).
  • EBITDA of Rs 3.5 billion ( 24% YoY, 150% QoQ).
  • EBITDA/ Ton of Rs 4,173 (-10% YoY, 129% QoQ).
  • Net Profit of Rs 2.2 billion ( 31% YoY, 303% QoQ).

9MFY25 Financial Highlights:

  • Sales volume increased by 19% YoY to 2,307,531 Ton.
  • Revenue increased by 14% YoY to Rs 151.8 billion.
  • EBITDA declined by 14% YoY to Rs 7.9 billion.
    • EBITDA per ton at Rs 3,403/Ton.
  • Net Profit declined by 17% YoY to Rs 4.6 billion.

Sanjay Gupta, Chairman, APL Apollo, said: “The company has reported its best-ever quarter, achieving record-high quarterly sales volume, EBITDA, and PAT. This strong performance came despite a challenging macroeconomic environment, weak retail demand and ongoing slowdown in government infrastructure spending. For 9MFY25, the company’s volume increased 19% YoY, which is far ahead of overall industry growth. We remain focused on innovation and delivering the best customer experience to further enhance our leadership position in the industry. We continue to remain prudent with our working capital management, which remains best in the construction material sector”.

Result PDF

Iron & Steel Products company APL Apollo Tubes announced H1FY25 results

  • Sales volume increased by 11% YoY to 14,79,331 Ton.
  • Revenue increased by 6% YoY to Rs 97.5 billion.
  • EBITDA declined by 30% YoY to Rs 4.4 billion.
    • EBITDA per ton at Rs 2,972/Ton.
  • Net Profit declined by 38% YoY to Rs 2.5 billion.

Sanjay Gupta, Chairman, APL Apollo, said: “The company has announced its highest ever quarterly sales volume of 7,58,267 Ton in Q2FY25. This was despite weak demand conditions for the construction material sector due to the volatility in raw material prices, extended monsoon and ongoing slowdown in government infrastructure spending. However, our profitability was severely impacted by volatility in steel prices. In our view, the worst is behind us as the lower steel prices have given a massive opportunity to APL Apollo to take market share from low-grade sponge iron made steel pipes. We are ready with our 4.3 million ton annual capacity which shall expand to 5 million ton by end of FY26. Our focus remains on innovative products and providing the best customer experience to further enhance our leadership. We continue to remain prudent with our working capital management, which remains best in the construction material sector”

Result PDF

Iron & Steel Products company APL Apollo Tubes announced Q1FY25 results:

  • Sales volume increased by 9% YoY/ 6% QoQ to 7,21,064 Ton
  • Revenue increased by 9% YoY/ 4% QoQ to Rs 49.7 billion 
  • EBITDA increased by 8% QoQ (declined by 2% YoY) to Rs 3.0 billion 
  • EBITDA per ton at Rs 4,183/Ton
  • Net Profit increased by 13% QoQ (unchanged YoY) to Rs 1.9 billion 

Sanjay Gupta, Chairman, APL Apollo, comments on Q1FY25 results: “The company has announced its highest ever quarterly sales volume of 721KTon in Q1FY25 with EBITDA 8% QoQ and net profit 13% QoQ. This is given the fact that demand conditions for the structural steel industry were tough, impacted by the general elections and ongoing slowdown in retail spending.

In the near term, we expect demand conditions to improve on the back of improved government budget allocation for infrastructure and good monsoons. The company's commitment to delivering exceptional quality, coupled with its unwavering dedication to customer satisfaction, has propelled it to the forefront of the industry.

Our focus remains on innovative products and providing the best customer experience to further enhance our leadership. We are encouraged to see strong sales growth in our value added product portfolio such as the heavy structural steel tubes and coated products. The VAP contributed 60% to our overall sales volume in Q1FY25 vs 57% in Q1FY24.

Our greenfield Raipur plant is set to enter a new phase of accelerated production while maintaining the highest standards of efficiency and reliability. APL’s strategic expansion of its Dubai facility not only strengthens the company's global presence but also enhances its capacity to serve clients across international markets. Our focus on expanding our global footprint with export opportunities remains intact.

We continue to remain prudent with our working capital management, which remains best in the building material sector”

Result PDF

Iron & Steel Products company APL Apollo Tubes announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Sales volume was increased by 4% YoY/ 12% QoQ to 679k tons
  • Revenue was increased by 8% YoY/ 14% QoQ to Rs 47.7 billion
  • EBITDA was Rs 2.8 billion (unchanged QoQ/ 13% YoY decline)
    • EBITDA per ton was Rs 4,132 (decreased by 17% YoY/ 11% QoQ)
  • Net Profit was Rs 1.7 billion (up 3% QoQ/ decline by 16% YoY)

FY24 Financial Highlights:

  • Sales volume was increased by 15% YoY to 2.6 million Tons
  • Revenue was increased by 12% YoY to Rs 181.2 billion
  • EBITDA was increased by 17% YoY to Rs 11.9 billion
    • EBITDA per ton was Rs 4,553 ( 2% YoY)
  • Net Profit was increased by 14% YoY to Rs 7.3 billion

Sanjay Gupta, Chairman, APL Apollo, comments on Q4FY24 and FY24 results “The company has performed across financial metrics in FY24 with sales volume 15% YoY, EBITDA 17% YoY and net profit 14% YoY. The key milestone was to achieve a net cash balance sheet as on 31 March 2024. This is after the fact that the company invested Rs 23.7bn in last 4 years in its capacity expansion program.

The Q4FY24 performance was slightly weak as demand got impacted ahead of general elections and ongoing slowdown in retail spending. The company had to offer extra discounts to its clients to push up sales volume. However, we are encouraged to see strong sales growth in our value-added product portfolio such as the heavy structural steel tubes and coated products. The company's relentless dedication to quality and customer satisfaction has propelled it to the forefront of the industry.

After almost a year since its greenfield commissioning, the Raipur plant is set to enter a new phase of accelerated production while maintaining the highest standards of efficiency and reliability. APL’s strategic expansion of its Dubai facility not only strengthens the company's global presence but also enhances its capacity to serve clients across international markets. The initial results are encouraging with good response from global steel tube distributors for APL Apollo's products. We continue to remain prudent with our working capital management, which remains best in the building material sector.”

Result PDF

Iron & Steel Products company APL Apollo Tubes announced Q3FY24 & 9MFY24 results:

  • Q3FY24:
    • Sales volume was unchanged YoY to 604k tons
    • Revenue declined by 3% YoY to Rs 41.8 billion
    • EBITDA increased by 2% YoY to Rs 2.8 billion
      • EBITDA per ton was Rs 4,631 ( 3% YoY)
    • Net Profit declined by 2% YoY to Rs 1.7 billion
  • 9MFY24:
    • Sales volume increased by 19% YoY to 1.94 million tons
    • Revenue increased by 14% YoY to Rs 133.5 billion
    • EBITDA increased by 31% YoY to Rs 9.1 billion
      • EBITDA per ton was Rs 4,700 ( 10% YoY)
    • Net Profit increased by 32% YoY to Rs 5.6 billion

Sanjay Gupta, Chairman, APL Apollo, commenting on Q3FY24 results said, "The company reported strong growth in 9MFY24 with sales volume 19% YoY, EBITDA 31% YoY and net profit 32% YoY. The ramp-up from our Greenfield plant in Raipur is on expected lines with utilization levels reaching 53% in December 2023. The Dubai plant also started production in December 2023. The initial results are encouraging with solid response from global steel tube distributors for APL Apollo's products. The Q3FY24 sales volume was soft due to channel destocking owing to fears of price correction. However, we are encouraged to see strong sales growth in our value-added product portfolio such as the heavy structural steel tubes and coated products. The overall sales volume shall improve in the subsequent quarters as the signs for re-stocking are already visible post the recent reduction in domestic steel prices. We continue to remain prudent with our working capital management, which remains best in the building material sector."

 

Result PDF

Iron & Steel products company APL Apollo Tubes announced Q2FY24 results:

  • Sales volume up by 12% YoY to 675k tons
  • Revenue expanded by 17% YoY to Rs 46.3 billion
  • EBITDA increased by 40% YoY to Rs 3.3 billion
    • EBITDA per ton was Rs 4,817 ( 25% YoY)
  • Net Profit increased by 35% YoY to Rs 2.0 billion

Sanjay Gupta, Chairman, APL Apollo, comments on Q2FY24 results, “The Company reported highest ever quarterly sales volume, EBITDA and PAT in Q2FY24. This was supported by our continuous focus on adding value-added products (VAP) to our portfolio. The VAP contributed 55% to our overall sales volume in Q2FY24. Moreover, the ramp-up from our greenfield plant in Raipur will support sales volume/EBITDA growth in the coming quarters. We continue to remain prudent with our working capital management which remains best in the building material sector.

The ramp-up of the New Raipur plant is on expected lines. APL Apollo’s strategy of decommoditization is intact. The sales mix will improve further in coming quarters with the rising contribution of innovative products. We are encouraged to see strong sales growth in the heavy structural steel tubes. The sales mix should eventually move towards 70% for value-added products. “

 

Result PDF

Iron & steel products company APL Apollo Tubes announced Q1FY24 results:

  • Sales volume up by 56% YoY to 662k tons
  • Revenue expanded by 32% YoY to Rs 45.4 billion
  • EBITDA increased by 58% to Rs 3.1 billion
    • EBITDA per ton was Rs 4,645 ( 1% YoY)
  • Net profit increased by 60% YoY to Rs 1.9 billion

Sanjay Gupta, Chairman, APL Apollo, comments on Q1FY24 results, “The Company reported highest ever quarterly sales volume and healthy EBITDA in Q1FY24. This was supported by our continuous focus on adding value-added products (VAP) to our portfolio. The VAP contributed 57% to our overall sales volume in Q1FY24. Moreover, the ramp-up from our greenfield plant in Raipur will support sales volume/EBITDA growth in the coming quarters. We continue to remain prudent with our working capital management which remains best in the building material sector.”

 

Result PDF

Trending News

ACE and Sanghvi Movers have signed a strategic MoU

ACE and Sanghvi Movers have signed a strategic MoU

Published on 12-Dec-2025 09:05

Chalet Hotels has announced its plans to acquire a resort in Udaipur

 Chalet Hotels has announced its plans to acquire a resort in Udaipur

Published on 12-Dec-2025 09:04

Union Cabinet is expected to consider the Insurance Amendment Bill that proposes major regulatory changes

Union Cabinet is expected to consider the Insurance Amendment Bill that proposes major regulatory changes

Published on 12-Dec-2025 09:01

Mexico government has announced raising import tariffs on vehicles, two-wheelers, and auto parts

Mexico government has announced raising import tariffs on vehicles, two-wheelers, and auto parts

Published on 12-Dec-2025 09:00

Cipla launches Yurpeak (tirzepatide) therapy.

Cipla has announced the launch of Yurpeak (tirzepatide), a one-weekly injectable therapy for managing obesity and type 2 diabetes. 

Published on 11-Dec-2025 09:06

US Fed cuts interest rate range

US Federal Reserve cut interest rate to a range between 3.5% and 3.75%, the lowest level in almost 3-years at its 3rd consecutive meeting but signaled borrowing costs are unlikely to drop further in the near term. 

Published on 11-Dec-2025 09:05

Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.
Download App

Download Our App

Play Store App Store
market app
✕
Application status