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Informist, Thursday, Jan. 22, 2026

 

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--APL Apollo Oct-Dec consol net profit INR 3.10 bln 
--Analysts saw APL Apollo Oct-Dec consol net profit at INR 3.00 bln 
--APL Apollo Oct-Dec consol revenue INR 58.15 bln 
--Analysts saw APL Apollo Oct-Dec consol revenue at INR 55.80 bln 
--APL Apollo Oct-Dec consol net profit INR 3.10 bln vs INR 2.17 bln yr ago 
--APL Apollo Oct-Dec consol revenue INR 58.15 bln vs INR 54.33 bln year ago 
--APL Apollo Apr-Dec consol net profit INR 8.49 bln vs INR 4.64 bln yr ago 
--APL Apollo Apr-Dec consol revenue INR 161.91 bln vs INR 151.81 bln year ago 
--APL Apollo Oct-Dec operating margin 8.11% vs 6.36% year ago 
--APL Apollo Oct-Dec consol EBITDA/tn INR 5,146 vs INR 4,173 year ago 
--APL Apollo Oct-Dec consol sales volume 917,000 tn vs 828,000 tn year ago 
--APL Apollo Oct-Dec consol sales volume up 10.8% on year 
--APL Apollo Oct-Dec value-added sales mix 57% vs 56% year ago 
--APL Apollo expects capacity to reach 10 mln tn by FY30 from 5 mln tn now 

 

By Prateem Rohanekar

 

MUMBAI – APL Apollo Tubes Ltd. posted a healthy growth in net profit for the December quarter, marginally beating Street's expectation, aided by lower finance costs and lower spend on traded goods. This also marked the fifth consecutive quarter of year-on-year net profit growth for the company. The company also saw a year-on-year growth in revenue since the Jul-Sept quarter of 2020, with the December quarter of 2023 being the sole exception.

 

During the latest quarter, the company recorded a marginal gain of INR 6.7 million from inventories of finished goods, stock-in-trade, work-in-progress, rejections, and scrap, compared with an inventory loss of nearly INR 1.28 billion in the year-ago period.

 

The company reported a consolidated net profit of INR 3.10 billion, nearly 43% higher on year and up 3% sequentially, for the December quarter. This was above the Street's net profit estimate of INR 3 billion. The company reported net sales of INR 58.15 billion, up 7% on year and 12% sequentially. The company's revenue was marginally lower than the Street's estimate of INR 55.80 billion.

 

The company's total income for the quarter under review was at INR 58.40 billion, up 7% on year. Its total income was INR 54.44 billion in the year-ago quarter. The company's other income was INR 247 million, up 14% on year. 

 

The company's total expenses for the reporting quarter were INR 54.35 billion, up 5% on year. The cost of raw materials was INR 45.72 billion, up nearly 12% on year. The purchase of stock-in-trade fell 26% on year to INR 3.23 billon.

The company's earnings before interest, tax, depreciation, and amortisation were at INR 4.72 billion, up over 37% on year, from INR 3.46 billion last year. The operating margin of the company was at 8.11%, a jump of 175 basis points from 6.36% a year ago.

 

The company's sales volumes were at 917,000 tonnes, up 11% on year. The consolidated EBITDA per tonne was at INR 5,146 against INR 4,173 reported in the year-ago quarter. 

 

Value added sales mix was at 57%, marginally higher than 56% reported in the previous year. General application products from Apollo Structural accounted for 392,000 tonnes of sales, up 9% year-on-year from 360,000 tonnes last year. Apollo Z rust-proof sales were up nearly 20% on year at 199,000 tonnes. These two products contributed 43% and 22% to the sales mix, respectively.

 

The company said it expects its production capacity to double by 2029-30 (Apr-Mar) from current 5 million tonnes.

 

The company's net profit for Apr-Dec was at INR 8.49 billion, up 83% on year. The company's net sales were at INR 161.81 billion, nearly 7% higher on year. As of Dec. 31, the company had a net cash balance of INR 3.05 billion.

 

On Thursday, shares of the company ended over 5% higher at INR 1,976 on the National Stock Exchange.  End

 

Edited by Tanima Banerjee

 

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