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APL Apollo Tubes (533758) investor relations material
APL Apollo Tubes Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Nine-month sales volume increased 11% year-over-year, with Q3FY26 achieving a record 917k tons and revenue of ₹58.2Bn, up 7% YoY.
EBITDA per ton for the nine months exceeded INR 5,000, with Q3FY26 EBITDA at ₹4.7Bn, up 37% YoY, and net profit at ₹3.1Bn, up 43% YoY.
Premiumization strategy and SG brand launch expanded EBITDA spreads and market share.
Board approved unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025.
Statutory auditors conducted a limited review and expressed unmodified conclusions on both standalone and consolidated results.
Financial highlights
9MFY26 sales volume was 2,566k tons, up 11% YoY; revenue was ₹161.9Bn, up 7% YoY; EBITDA was ₹12.9Bn, up 64% YoY; net profit was ₹8.5Bn, up 83% YoY.
Net cash surplus on the balance sheet stands at INR 5.6 billion, with net cash position improving from ₹3.1Bn in FY25.
Gross debt reduced from INR 615 crore to INR 548 crore over nine months; interest cost for 9MFY26 decreased 7% YoY to ₹937Mn.
Consolidated Q3 FY26 revenue was ₹5,815.13 crore, up from ₹5,432.73 crore in Q3 FY25; net profit was ₹310.04 crore, up from ₹216.97 crore.
Operating cash flow for 9MFY26 was ₹8.5Bn; free cash flow was ₹4.6Bn.
Outlook and guidance
Upgraded sales volume growth guidance to 20% for Q4 FY 2026 and FY 2027, with EBITDA per ton guidance raised to INR 5,500.
Targeting total capacity of 10Mn tons by FY30, with current capacity at 5Mn tons and expansion plans underway.
Capex of ₹13Bn planned by FY28 for greenfield expansion and ₹2Bn for plant modernization.
Dividend payout policy to increase from 20% to 25% minimum.
Tax rate expected to decline to around 20% as Dubai and Raipur plants contribute more.
- TimeTickerHeadlineOpen
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Strong revenue and profit growth, interim dividend, and major investments approved. - 7 Feb514167
Quarterly and nine-month results reflect solid revenue, profit, and compliance with new labour codes. - 7 FebMGL
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Strong revenue and margin growth, with India set for further expansion and upgraded ratings. - 7 Feb504614
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Q3 revenue up 3% to $1.16B, net income $25M, strong cash flow, Ligado boost, satellite focus.
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