APL Apollo Tubes Limited , India's leading branded structural steel tube manufacturer, has announced its financial results for the first quarter, demonstrating resilience amid challenging market conditions.

Key Financial Highlights

• Sales volume increased by 10% year-over-year to 794,350 tons
• Revenue rose by 4% to Rs 5,169.77 crore
• EBITDA grew by 23% to Rs 372.00 crore
• Net profit surged by 23% to Rs 237.17 crore
• EBITDA per ton improved by 12% to Rs 4,683

Performance Analysis

Despite facing headwinds from a challenging macroeconomic environment, geopolitical tensions, and an early onset of the monsoon season, APL Apollo managed to deliver a solid performance in Q1. The company's sales volume growth of 10% year-over-year reflects its strong market position and ability to capture demand in a competitive landscape.

Financial Metrics

The company's focus on operational efficiency and value-added products has yielded positive results:

Management Commentary

Sanjay Gupta, Chairman of APL Apollo, commented on the results: "The company reported 10% YoY growth in sales volume, which was below our own expectations. The demand conditions for the structural steel tube industry were tough due to challenging macroeconomic environment, geopolitical tension, USA tariff uncertainty and slowdown in government spending. Early onset of monsoon season across India impacted the construction industry."

He added, "We expect demand conditions to improve in the second half of the current financial year on the back of an improved government budget allocation for the infrastructure sector. We are ready with our capacity, product range, distribution network, and brand pull."

Operational Highlights

• The value-added sales mix improved to 61% in Q1, up from 58% in the previous quarter
• Net working capital days stood at 6 days, reflecting efficient working capital management
• The company maintained a strong balance sheet with a net cash position of Rs 208.50 crore

Future Outlook

APL Apollo remains optimistic about the future, expecting improved performance in the second half of the financial year. The company's commitment to quality, customer satisfaction, and prudent working capital management positions it well to capitalize on potential growth opportunities in the infrastructure and construction sectors.

About APL Apollo Tubes Limited

APL Apollo Tubes Limited is India's leading structural steel tube manufacturer, operating 11 manufacturing facilities with a total capacity of 4.5 million tons. The company offers over 3,000 products for various applications in urban infrastructure, housing, and the commercial construction sector.

As APL Apollo Tubes continues to navigate through market challenges, its strong Q1 performance demonstrates the company's resilience and potential for growth in the coming quarters.

APL Apollo Tubes Limited , India's leading branded structural steel tube manufacturer, has announced its financial results for the first quarter of fiscal year 2026, showcasing robust growth despite challenging market conditions.

Financial Highlights

Operational Performance

The company's performance reflects its resilience in the face of a tough macroeconomic environment. Despite challenges such as geopolitical tensions, USA tariff uncertainty, and a slowdown in government spending, APL Apollo managed to deliver solid results.

Management Commentary

Sanjay Gupta, Chairman of APL Apollo, commented on the results: "The company reported 10% YoY growth in sales volume, which was below our own expectations. The demand conditions for the structural steel tube industry were tough due to challenging macroeconomic environment, geopolitical tension, USA tariff uncertainty and slowdown in government spending. Early onset of monsoon season across India impacted the construction industry."

Future Outlook

Despite the current challenges, the company remains optimistic about the future. Mr. Gupta added, "We expect demand conditions to improve in the second half of the current financial year on the back of an improved government budget allocation for the infrastructure sector. We are ready with our capacity, product range, distribution network and brand pull. Henceforth we expect 2HFY26 to perform much better than 1HFY26."

Strategic Initiatives

APL Apollo continues to focus on operational excellence and innovation. The company's board has approved several key initiatives:

1. Appointment of new directors:

   • Chakram Kumar Singh as Director & Chief Operating Officer
   • Dukhabandhu Rath and Rakesh Sharma as Independent Directors

2. Employee Stock Option Plan:

   • Termination of the previous 2015 scheme
   • Institution of a new APL Apollo Tubes Employees Stock Option Plan 2025

These strategic moves are aimed at strengthening the company's leadership and aligning employee interests with long-term growth objectives.

Conclusion

Despite facing headwinds in Q1 FY26, APL Apollo Tubes has demonstrated its ability to navigate challenging market conditions. With a strong focus on operational efficiency, product innovation, and strategic expansion, the company is well-positioned to capitalize on the expected improvement in demand conditions in the latter half of the fiscal year.

Investors and industry observers will be keenly watching APL Apollo's performance in the coming quarters, as the company continues to play a crucial role in India's infrastructure and construction sectors.