APL Apollo Tubes’ shares nudged 2% higher on Monday, October 26, after the company announced a 26.8% year‑on‑year rise in net profit to ₹382.4 crore, eclipsing the ₹363 crore consensus. The company’s filing shows the profit jump came from a ₹80.9 crore lift in operating income, while the cost base held steady.
Revenue hit ₹7,001.7 crore, up 26.6% from ₹5,531.3 crore a year earlier, yet it trailed the CNBC‑TV18 poll of ₹7,219 crore. The shortfall was mainly driven by a 5% dip in domestic sales volume, offset partially by a 3% uptick in export margins.
EBITDA surged 29.3% to ₹578 crore, beating the ₹536 crore estimate and nudging the margin to 8.2% from 8.1% a year ago. The margin climb aligns with the sector’s average of 7.6% and leaves room for the company to invest in capacity expansion.
Industry peers like Tata Steel and JSW Steel reported EBITDA margins of 9.5% and 8.0% respectively, positioning APL Apollo Tubes among the more efficient players in the steel tube segment. The company’s ability to maintain higher margins amid a sluggish commodity outlook signals disciplined cost management.
Looking ahead, the board has scheduled the Q3 FY27 earnings call for December 15. While no formal guidance was issued, analysts anticipate a modest revenue growth of 5–7% and a stable EBITDA margin if raw material costs remain contained.