APL Apollo Tubes Limited has announced its strongest quarterly financial performance to date for the quarter ending March 31, 2026. The company achieved significant year-on-year growth across all key metrics, including sales volume, revenue, and net profit. Driven by high demand in structural steel, APL Apollo continues to scale its operations, supported by a diversified product portfolio, robust manufacturing capabilities, and a focus on premium value-added sales.
Financial Performance Highlights
For the quarter ending March 31, 2026, APL Apollo reported a sales volume of 925k tons, reflecting a 9% year-on-year increase. The company’s revenue for the quarter reached ₹62.7 billion, a 14% increase over the same period last year. Notably, net profit surged by 21% year-on-year to ₹3.5 billion, underscoring strong operational efficiency and a solid grip on market demand.
Full Year FY26 Growth
The annual performance for FY26 remained equally impressive, with total sales volume hitting 3,491k tons, an 11% year-on-year rise. Total revenue for the year climbed to ₹230.8 billion, while EBITDA saw a remarkable 50% increase to ₹18.0 billion. Net profit for the fiscal year grew by 59%, reaching ₹12.0 billion, fueled by a 58% contribution from value-added products.
Strategic Expansion and Market Position
APL Apollo remains committed to a long-term growth strategy, targeting a structural steel capacity of 8 million tons by FY28. This expansion will be supported by a combination of greenfield projects in Gorakhpur, Siliguri, and Malur, along with strategic debottlenecking and modernizing existing manufacturing mills. The company continues to prioritize its ‘Steel for Green’ concept, replacing conventional wood in construction with innovative, ready-made steel solutions that contribute to environmental sustainability.
Focus on Innovation and Demand Drivers
The company is uniquely positioned to benefit from India’s growing infrastructure needs, particularly in housing, commercial buildings, and the solar sector. By 2030, APL Apollo anticipates significant opportunities in solar infrastructure, specifically targeting a market size of 830,000 tons for its products. With a net cash position of ₹15.3 billion, the company maintains a robust balance sheet to fund ongoing internal growth initiatives and capital expenditures effectively.
Source: BSE
