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APL Apollo Tubes
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.Q3 25/26 earnings summary22 Jan, 2026
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.
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Next APL Apollo Tubes earnings date
Q4 25/266 May, 2026
APL Apollo Tubes
Next APL Apollo Tubes earnings date
Q4 25/266 May, 2026
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Frequently asked questions
APL Apollo Tubes Limited is a manufacturer of structural steel tubes and pipes used in construction, infrastructure, automotive, and industrial applications. The company produces a wide range of hollow sections, pre-galvanized tubes, coated pipes, and precision tubes. It operates multiple production facilities across India and serves domestic and international markets through an extensive distribution network. The company is headquartered in Ghaziabad, India, and its shares are listed on the BSE.
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