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APL Apollo Tubes (533758) investor relations material
APL Apollo Tubes Q1 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q1 FY26 performance was impacted by macro slowdown, geopolitical tensions, early monsoon, and reduced channel partner buying power, but sales volume grew 10% year-over-year to 794k tons.
EBITDA grew 23% year-over-year to ₹3.7Bn, with EBITDA/ton up 12% year-over-year to ₹4,683, though sequentially down by INR 250 per ton due to lower volumes and a one-time ESOP expense.
Net profit for Q1FY26 was ₹2.4Bn, up 23% year-over-year but down 19% sequentially.
Value-added product sales mix improved to 61% in Q1FY26 from 56.5% in the previous quarter.
Board approved unaudited financial results, new ESOP 2025, and key leadership appointments.
Financial highlights
Q1FY26 revenue was ₹51.7Bn, up 4% year-over-year; EBITDA: ₹3.7Bn; Net profit: ₹2.4Bn.
EBITDA margin per ton increased to ₹4,683, up 12% year-over-year, but sequentially declined.
One-time ESOP expense of INR 6 crore increased employee costs by INR 100 per ton.
Net cash position at ₹2.1Bn in Q1FY26, down from ₹3.1Bn in FY25.
Consolidated net profit margin rose to 4.59% in Q1 FY26 from 3.88% in Q1 FY25.
Outlook and guidance
FY26 sales volume growth guidance revised to 10–15% from 15–20% due to a soft first half.
EBITDA spread guidance for FY26 is INR 4,600–5,000 per ton, up from below INR 4,000 per ton in FY25.
Capacity expansion plans underway to reach 6.8–7 million tonnes in 2–3 years, with ₹15Bn capex planned.
Board and auditors confirm compliance with SEBI and Ind AS requirements; no material misstatements identified.
Focus remains on operational excellence, cost optimization, and sustainable EPS growth.
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