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APL Apollo Upgrades EBITDA Guidance to ₹5,500/Ton; Targets 8MT Capacity by FY28
APL Apollo Tubes reported a strong 3QFY26 performance, achieving 9-month volume growth of 11% YoY and EBITDA per ton exceeding ₹5,000. Management has upgraded its sales volume growth guidance to 20% for 4QFY26 and FY27, alongside an increased EBITDA target of ₹5,500 per ton. The company is aggressively expanding capacity from 5 million to 8 million tons by FY28 with a ₹1,500 crore investment funded through internal accruals. With a cash surplus of ₹5.6 billion, the firm is on track to become liability-free while targeting a 40% ROCE.
Key Highlights
Upgraded EBITDA guidance to ₹5,500 per ton for 4QFY26 and FY27, driven by premiumization and cost controls.
Capacity expansion to 8 million tons by FY28 via 4 greenfield and 1 brownfield project costing ₹1,500 crores.
Achieved 90% utilization in December 2025 with monthly sales hitting 375,000 tons.
Long-term vision to reach 10 million tons capacity by 2030, including 2 million tons in super-specialty segments.
Strong financial position with ₹5.6 billion surplus cash and current ROCE of 33%.
💼 Action for Investors
Investors should note the significant upgrade in EBITDA guidance and aggressive volume targets which signal strong pricing power. The company's transition to a liability-free balance sheet and expansion into high-margin specialty segments like EV and aerospace provides a positive long-term outlook.
APL Apollo Q3FY26: Net Profit Surges 43% YoY to ₹3.1 Bn; Highest Ever Quarterly Volume
APL Apollo Tubes reported a robust Q3FY26 performance, achieving its highest-ever quarterly sales volume of 917k tons, an 11% YoY increase. Net profit grew significantly by 43% YoY to ₹3.1 billion, supported by a 37% YoY rise in EBITDA to ₹4.7 billion. The company maintained a strong value-added product mix of 57% and improved its EBITDA per ton to ₹5,146. Financial health remains excellent with a net cash position of ₹5.6 billion and an annualized ROCE of 33.3%.
Key Highlights
Highest ever quarterly sales volume of 917k tons, up 11% YoY and 7% QoQ.
Net Profit increased by 43% YoY to ₹3.1 billion; Revenue rose 7% YoY to ₹58.2 billion.
EBITDA per ton improved to ₹5,146, representing a 23% YoY growth from ₹4,173 in Q3FY25.
Net cash position strengthened to ₹5.6 billion in 9MFY26 from ₹3.1 billion in FY25.
Ambitious expansion plan to double capacity to 10 Mn tons by FY30 with ₹13 billion capex by FY28.
💼 Action for Investors
Investors should note the company's successful de-commoditization strategy and market leadership, which are driving superior margins and cash flows. The transition to a net-cash balance sheet and clear roadmap for doubling capacity by FY30 make it a strong long-term growth play in the structural steel sector.
APL Apollo Q3FY26: Net Profit Surges 43% YoY to ₹3.1 Bn on Record Sales Volume
APL Apollo Tubes reported a strong Q3FY26 performance with its highest-ever quarterly sales volume of 917k tons, an 11% YoY increase. Net profit jumped 43% YoY to ₹3.1 billion, supported by a significant 37% growth in EBITDA which reached ₹4.7 billion. The company maintains a robust financial position with a net cash balance of ₹5.6 billion and an annualized ROCE of 33.3% for 9MFY26. Management has also outlined an ambitious roadmap to double its annual capacity to 10 million tons by FY30.
Key Highlights
Record quarterly sales volume of 917k tons, up 11% YoY and 7% QoQ.
EBITDA per ton improved 23% YoY to ₹5,146, driven by a 57% value-added product mix.
Net profit increased 43% YoY to ₹3.1 billion, while revenue grew 7% YoY to ₹58.2 billion.
Strong balance sheet with net cash of ₹5.6 billion and net working capital cycle of just 3 days.
Announced ₹13 billion capex plan by FY28 to reach 7 million tons, targeting 10 million tons by FY30.
💼 Action for Investors
Investors should view the record volumes and improving margins as a sign of strong market leadership and operational efficiency. The clear roadmap to double capacity by FY30 provides long-term growth visibility, making it a key stock to watch in the structural steel space.
APL Apollo Q3 FY26 Net Profit Jumps 43% YoY to ₹310 Cr; Revenue Up 7%
APL Apollo Tubes reported a strong performance for Q3 FY26, with consolidated net profit rising 43% year-on-year to ₹310.04 crore. Revenue from operations grew by 7% YoY to ₹5,811.13 crore, supported by improved operational efficiencies. The company's operating margin expanded significantly to 8.11% from 6.36% in the same quarter last year. For the nine-month period ended December 2025, net profit saw a massive surge of 83% YoY, reaching ₹848.75 crore.
Key Highlights
Consolidated Net Profit increased 42.9% YoY to ₹310.04 crore in Q3 FY26
Revenue from operations grew 7% YoY to ₹5,811.13 crore compared to ₹5,432.73 crore in Q3 FY25
Operating margins improved to 8.11% in Q3 FY26 from 6.36% in the year-ago period
Nine-month (9M FY26) net profit surged 83% YoY to ₹848.75 crore from ₹463.95 crore
Maintains a strong net-cash position with a negative debt-equity ratio of -0.11
💼 Action for Investors
The significant margin expansion and robust profit growth highlight APL Apollo's market leadership and operational efficiency. Investors should view this as a positive signal for the company's ability to scale profitability even with moderate revenue growth.
APL Apollo Hits Record Q3FY26 Sales Volume of 9.17 Lakh Tons, Up 11% YoY
APL Apollo Tubes reported its highest-ever quarterly sales volume of 916,976 tons in Q3FY26, marking an 11% growth year-on-year and a 7% increase sequentially. For the first nine months of FY26, the company achieved a total volume of 2,566,363 tons, maintaining a steady 11% YoY growth rate. The performance was bolstered by strong demand in the Apollo Z rust-proof and coated segments, reflecting the company's successful focus on value-added products. With a total capacity of 4.5 million tons, the company continues to leverage its dominant market position in the structural steel tube industry.
Key Highlights
Achieved all-time high quarterly sales volume of 916,976 tons in Q3FY26.
9MFY26 sales volume reached 2,566,363 tons, an 11% increase compared to 9MFY25.
Apollo Z (Rust-proof) segment volumes grew significantly to 199,208 tons from 165,635 tons YoY.
Sequential sales volume growth of 7% recorded over Q2FY26 (855,037 tons).
Maintains a pan-India manufacturing presence with a total capacity of 4.5 million tons.
💼 Action for Investors
Investors should view the record volume growth as a strong lead indicator for revenue growth in the upcoming Q3 financial results. The consistent double-digit growth and shift towards value-added segments like Apollo Z support a positive long-term outlook.
APL Apollo Tubes Releases FY25 ESG Report Highlighting Net Zero Roadmap and Global Compliance
APL Apollo Tubes has published its fifth ESG Report for FY 2024-25, covering 100% of its operations across 11 manufacturing units in India and Dubai. The report is aligned with international standards like GRI 2021 and ISSB, and includes reasonable external assurance on SEBI BRSR Core Indicators. It outlines the company's strategic journey toward Net Zero and provides detailed metrics on energy and emission management. This level of transparency is aimed at strengthening stakeholder trust and attracting ESG-focused institutional investment.
Key Highlights
Comprehensive ESG disclosure covering 11 manufacturing plants and 100% of company revenue.
Adherence to global reporting standards including GRI 2021, ISSB, and UN Sustainable Development Goals.
Reasonable external assurance obtained for SEBI BRSR Core Indicators via Sustainability Actions Pvt. Ltd.
Includes a detailed Net Zero journey roadmap and specific targets for Scope 1 and Scope 2 emissions.
Governance oversight confirmed with reviews by the CMD, CFO, and Chief Strategy Officer.
💼 Action for Investors
This report confirms APL Apollo's commitment to high governance and sustainability standards, which is a positive sign for long-term institutional holding. Investors should track the execution of the Net Zero roadmap as a key non-financial performance indicator.