APL Apollo Tubes Ltd
APL Apollo Tubes Q1 FY26 earnings call: Revenue & Margins
Q1 FY26 earnings call: what management said on revenue, margins and capex.
The short version
Full-year volume growth guidance revised down to 10%-15% for FY'26 due to slower H1 demand, macro slowdown, early monsoons, geopolitical tensions, and slower money supply in the system. Volume growth guidance for FY'26 revised to 10%-15% from earlier 15%-20%, due to slower H1 demand, early monsoons, geopolitical tensions, and tight money supply affecting dealers. - By FY'28, production capacity is planned at 6.8 million tons, with a sellable capacity; sales are expected around 5.8 million tons but dependent on volume growth trajectory in FY'26-FY'28. - EBITDA spread guidance for FY'26 is Rs.
From APL Apollo Tubes Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Full-year volume growth guidance revised down to 10%-15% for FY'26 due to slower H1 demand, macro slowdown, early monsoons, geopolitical tensions, and slower money supply in the system.
- Management is prepared for potential upside if second half demand strengthens.
- By 2028, sellable production capacity is targeted at 6.8 million tons, with sales expected around 5.8 million tons, depending on actual volume growth in FY'26-FY'28.
- Growth drivers include exports (particularly Middle East), new product lines (heavy structural tubes and rust-proof tubes) with combined capacity of ~400,000 tons.
- Expansion plans include Eastern India (500,000 tons), Dubai (200,000 tons), and South India (400,000 tons).
2 more points from APL Apollo Tubes Ltd's call on revenue
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Profitability & Margins
See what APL Apollo Tubes Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Currently, APL Apollo is investing 20%-25% of its cash flow in capacity addition and growth opportunities.
- The company has plans to expand capacity from 4.5-5 million tons to 7 million tons over the next 2-3 years.
- Expansion plans include setting up two plants in Eastern India with a capacity of 500,000 tons each.
- An additional 200,000 tons capacity expansion is planned for the Dubai plant.
- South India will see 400,000 tons of new plant capacity due to full utilization of existing products.
- New product lines capacity expansion include 500,000 tons of coated capacity and 100,000 tons of heavy structural tubes.
- A plant is planned in Bhuj, Gujarat, primarily focused on exports and Gujarat market localization.
2 more points from APL Apollo Tubes Ltd's call on capex
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Top-ranked in Industrial Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
APL Apollo Tubes Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹7.0K Cr, net profit ₹382 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What APL Apollo Tubes Ltd's management said in earlier quarters
- Q2 FY27 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q2 FY26 earnings call →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
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Frequently Asked Questions
What were APL Apollo Tubes Ltd Q1 FY26 results?
Full-year volume growth guidance revised down to 10%-15% for FY'26 due to slower H1 demand, macro slowdown, early monsoons, geopolitical tensions, and slower money supply in the system. Volume growth guidance for FY'26 revised to 10%-15% from earlier 15%-20%, due to slower H1 demand, early monsoons, geopolitical tensions, and tight money supply affecting dealers. - By FY'28, production capacity is planned at 6.8 million tons, with a sellable capacity; sales are expected around 5.8 million tons but dependent on volume growth trajectory in FY'26-FY'28. - EBITDA spread guidance for FY'26 is Rs.
What is APL Apollo Tubes Ltd share price analysis?
APL Apollo Tubes Ltd currently shows a neutral. The stock trades at a P/E of 44.0 with a market cap of ₹54,102 Cr. Investors should review the full earnings analysis for detailed insights.
Is APL Apollo Tubes Ltd planning capital expenditure?
Currently, APL Apollo is investing 20%-25% of its cash flow in capacity addition and growth opportunities.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.