APL Apollo Tubes Limited has announced its financial results for the year ended March 31, 2026, reporting a strong consolidated profit of ₹1,203.08 crore. The Board of Directors has recommended a final dividend of ₹8.50 per share, representing a 425% payout. The company also confirmed its strategic move to streamline operations through the voluntary liquidation of APL Apollo Mart Limited and the divestment of Blue Ocean Projects Private Limited.
Fiscal Year 2026 Financial Highlights
The company delivered a solid financial performance for the year ended March 31, 2026. The consolidated revenue from operations reached ₹23,079 crore, while the consolidated profit after tax stood at ₹1,203.08 crore. Shareholders are set to benefit from a recommended final dividend of ₹8.50 per equity share, subject to approval at the upcoming Annual General Meeting.
Strategic Restructuring and Divestment
As part of its ongoing capital allocation strategy, the Board has approved the voluntary liquidation of its wholly-owned subsidiary, APL Apollo Mart Limited (AAML). AAML, which remained largely non-operational, was deemed an unnecessary corporate layer. Furthermore, the Board granted in-principle approval for the divestment of its shareholding in Blue Ocean Projects Private Limited, a real estate asset-holding subsidiary, to unlock capital and redeploy funds into the company’s core manufacturing business.
Leadership Appointments and Re-appointments
The Board has recommended the re-appointment of several Independent Directors to ensure continued governance excellence. Mrs. Asha Anil Agarwal and Shri Upendra Kamath H S have been recommended for a second five-year term effective from October 30, 2026. Additionally, Shri Rajeev Anand and Shri Dinesh Kumar Mittal have been recommended for second terms beginning May 11, 2027. To ensure rigorous financial oversight, M/s Sanjay Gupta & Associates has been appointed as the Cost Auditor for the 2026-27 financial year.
Source: BSE
