New Delhi: Structural steel tube manufacturer APL Apollo Tubes Limited has reported a 11% year on year increase in consolidated net profit to ₹263 crore for the quarter ended June 30, 2026. This has come despite the company reporting a 6% decrease in volumes sold to 744,823 tonnes from the expectation of 875,000 tonnes guidance given during the Q4FY25 earnings call. In fact, the volumes produced have declined 19% sequentially due to weaker demand.
Key Financial Overview
Despite slowing sales, the company’s consolidated revenues from operations have risen 8.5% year on year to reach ₹5,610 crore from ₹5,170 crore during the same period last year, the company revealed in a press release. It has seen its consolidated EBITDA for the quarter grow by 11% year on year to reach ₹411 crore. The EBITDA per tonne has also expanded 18% year on year to reach ₹ 5,522/tonne, as the company has witnessed a higher contribution from heavy structural steel, coated product categories and solar structures.
Product Mix Shift and Market Outlook
The lower sales volumes reported during the quarter has affected demand headwinds as inventories pile up across the construction and real estate sectors. However, APL Apollo’s ongoing strategy to increase the share of premium, high margin categories- solar tracker structures and heavy structural sectors- has helped offset the volume softness and maintained profitability.
“The company reported Q1FY27 sales volume of 744,823 Ton which was below our own expectations. The demand for the structural steel tubes was soft due to the geopolitical situation and challenging macroeconomic environment. However, the quarterly EBITDA of ₹5,522 per ton demonstrates APL Apollo’s strengths such as improving sales mix and brand power. Better margins resulted in EBITDA growth of 11% YoY and Net Profit growth of 11% YoY.” Mr. Sanjay Gupta, Chairman, APL Apollo, commented on the results.
“We expect demand conditions to improve in the coming quarters 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 H2FY27 to perform much better than H1FY27. The company’s commitment to delivering exceptional quality, coupled with its unwavering dedication to customer satisfaction, has propelled it to the forefront of the industry. We continue to remain prudent with our working capital management, which remains best in the construction material sector.” he further explained.
