APL Apollo Tubes Limited reported a robust financial performance for FY26, with sales volumes increasing by 11% to 3.5 Mn Ton. Revenue grew by 12% to ₹230.8 billion, driven by capacity expansion and an improved product mix. EBITDA surged 50% to ₹18.0 billion, and net profit increased by 59% to ₹12.0 billion. The company maintained tight working capital discipline, achieving near zero working capital and a net cash surplus of ₹15.3 billion.
Strong Financial Performance in FY26
APL Apollo Tubes Limited has announced its financial results for the fiscal year ended March 31, 2026, showcasing significant growth across key metrics. The company reported a robust financial performance, driven by strategic initiatives and favorable market conditions.
Sales and Revenue Growth
Sales volumes for FY26 increased significantly by 11% year-on-year, reaching 3.5 Mn Ton. This growth was attributed to successful capacity expansion, an enhanced product mix, and the strategic launch of the SG Premium brand. Revenue from operations saw a substantial rise of 12%, reaching ₹230.8 billion, primarily due to higher sales volumes and improved realizations stemming from higher HRC prices and a greater contribution from value-added products.
Profitability and Margins
The company demonstrated strong profitability, with EBITDA surging by 50% to ₹18.0 billion. EBITDA per ton exceeded ₹5,000, reflecting the success of the premiumization strategy and improved operating leverage. Net profit after tax also saw a significant increase of 59%, reaching ₹12.0 billion. This strong profit growth outpaced volume growth, highlighting the effectiveness of the company’s premiumization strategy.
Working Capital and Financial Position
APL Apollo Tubes maintained a tight working capital discipline, achieving a near-zero working capital cycle. The company reported a net cash surplus of ₹15.3 billion as of March 31, 2026, effectively becoming a zero-net debt company. This strong financial position provides the company with enhanced liquidity and strategic flexibility for future growth opportunities.
Dividend Payout
The Board of Directors has recommended a final dividend of ₹8.50 per equity share for the year ended March 31, 2026, subject to shareholder approval. This payout is equivalent to 20% of profits, reinforcing the company’s commitment to shareholder returns.
ESG Performance
The company also highlighted its strong ESG performance, ranking in the 91st percentile of the 2025 Dow Jones Sustainability Indices. This achievement underscores the company’s commitment to sustainable business practices and responsible corporate citizenship.
Source: BSE
