APL Apollo Tubes reports best-ever Q2FY26 results with 461% YoY Net Profit growth; H1FY26 strong.
APL Apollo Tubes reported best-ever Q2FY26 results with 461% YoY net profit growth, strong H1FY26 performance, and outlined ₹15 billion capex for capacity expansion to 6.8 Mn Ton by FY28.
The announcement details record financial performance, substantial growth across key metrics, and a clear capacity expansion plan with significant capital expenditure, indicating strong operational momentum and positive future growth prospects that will likely have a high impact on investor perception.
The company reported its "best-ever quarterly performance" for Q2FY26, with significant year-on-year increases in sales volume (13%), EBITDA (224%), and net profit (461%). H1FY26 also showed strong growth, and management expressed confidence in future performance despite a challenging environment.
* Q2FY26 Financial Highlights (Consolidated, Quarter ended September 30, 2025): * Sales volume increased by 13% YoY and 8% QoQ to 855k Ton. * Revenue stood at ₹52.1 billion, up 9% YoY and 1% QoQ. * EBITDA surged by 224% YoY and 20% QoQ to ₹4.5 billion. * EBITDA per ton was ₹5,228, marking a 187% YoY and 12% QoQ increase. * Net profit rose by 461% YoY and 27% QoQ to ₹3.0 billion. * Value Added Sales mix accounted for 57%. * The company maintained 0 days of Net Working Capital and held ₹5.1 billion in Net Cash. * ROE was 24.4% and ROCE was 32.4%. * H1FY26 Financial Highlights (Consolidated, Half Year ended September 30, 2025): * Sales volume increased by 11% YoY to 1,649k Ton. * Revenue reached ₹103.8 billion, up 6% YoY. * EBITDA grew by 86% YoY to ₹8.2 billion. * EBITDA per ton was ₹4,966, an increase of 67% YoY. * Net profit increased by 118% YoY to ₹5.4 billion. * Management Commentary by Mr. Sanjay Gupta, Chairman, APL Apollo: * Mr. Gupta stated that APL Apollo delivered its "best-ever quarterly performance" in Q2FY26 across sales volume, EBITDA, and PAT. * This achievement is notable given the challenging demand environment, including extended monsoons, a subdued macroeconomic environment, global trade uncertainty, and a slowdown in government infrastructure spending. * He expressed confidence that 2HFY26 would perform "much better" than 1HFY26, attributing it to the company's ready capacity, diversified product portfolio, distribution network, and strong brand pull. * The company remains committed to exceptional product quality, customer satisfaction, and prudent working capital management, which is noted as best in the construction material sector. * Capacity Expansion and Capex: * APL Apollo plans to increase its total capacity from the existing 4.5 Mn Ton to 6.8 Mn Ton by FY28. * A capital expenditure (Capex) of ₹15 billion is planned over the next 3 years for greenfield and brownfield expansions, including new units in Gorakhpur, Kolkata, Bhuj, New Malur, and Dubai, as well as expansion in Raipur. * ESG Transformation Journey: * The company achieved an 89th percentile score in the 2024 ESG-DJSI assessment. * It is committed to reducing Scope 1 & 2 emissions by 25% by 2030 and achieving Net Zero by 2050, with SBTi validation obtained on February 27, 2025. * APL Apollo aims for renewable energy to contribute 47% by 2030, up from 38%. * The company is a front-runner for the "Steel for Green" concept, innovating products like readymade steel doorframes, fences, planks, and handrails to replace conventional wood applications, saving approximately 250,000 trees annually.
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APL Apollo Tubes Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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