APL Apollo Tubes quarterly results and financials

APL Apollo Tubes (APLAPOLLO)₹2,181−0.22%(9 Nov 2026 close)Iron & Steel Products

Key facts

In the Sep 2026 quarter (consolidated), APL Apollo Tubes reported sales of ₹6,997 Cr, up 26.5% from Sep 2025, and net profit of ₹383 Cr, up 26.5% year on year. For the year to Mar 2026, sales were ₹23,049 Cr and net profit ₹1,208 Cr.

Sales (Sep 2026): ₹6,997 Cr
Net profit (Sep 2026): ₹383 Cr
Sales (FY Mar 2026): ₹23,049 Cr
Net profit (FY Mar 2026): ₹1,208 Cr
EPS (Sep 2026): ₹13.81
Borrowings (Mar 2026): ₹500 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

APL Apollo Tubes quarterly results

₹ crore unless stated; each column is a quarter.

APL Apollo Tubes Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	4,176	4,764	4,969	4,770	5,429	5,505	5,169	5,531	5,977	6,261	5,605	6,997
Expenses	3,887	4,472	4,660	4,625	5,076	5,084	4,789	5,076	5,495	5,746	5,185	6,405
Operating Profit	280	280	302	138	346	413	372	447	472	510	411	578
OPM %	7.0%	6.0%	6.0%	2.9%	6.0%	8.0%	7.0%	8.0%	8.0%	8.0%	7.0%	8.0%
Other Income	15.04	19.06	25.06	15.04	22.05	35.11	26.05	25.05	25.04	36.10	40.12	40.07
Interest	28.02	31.05	28.04	36.01	37.06	32.04	33.04	28.04	33.03	32.03	39.03	52.10
Depreciation	46.84	46.86	45.84	46.82	49.84	57.76	53.83	57.81	58.81	58.74	58.77	65.74
Profit before tax	220	222	253	70.23	281	360	311	387	405	458	353	501
Tax %	23.9%	22.9%	23.0%	23.0%	23.0%	18.0%	22.9%	22.0%	23.0%	22.0%	25.0%	23.0%
Net Profit	167	171	194	54.25	218	294	238	303	311	356	264	383
EPS (Rs)	5.97	6.16	6.98	1.95	7.83	10.58	8.57	10.89	11.19	12.79	9.51	13.81

APL Apollo Tubes profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

APL Apollo Tubes Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	4,150	3,924	5,328	7,150	7,723	8,498	13,051	16,153	18,111	20,676	23,049	24,840
Expenses	3,864	3,579	4,950	6,745	7,224	7,807	12,084	15,103	16,875	19,449	21,228	22,831
Operating Profit	282	334	371	393	477	678	946	1,022	1,192	1,197	1,806	1,971
OPM %	7.0%	9.0%	7.0%	5.0%	6.0%	8.0%	7.0%	6.0%	7.0%	6.0%	8.0%	7.9%
Other Income	−15.04	5.01	8.02	12.03	22.07	36.08	40.06	46.10	74.22	96.29	106	141
Interest	70.04	72.12	81.15	113	107	66.10	44.05	67.07	113	133	125	156
Depreciation	33.90	50.77	52.77	63.81	95.60	103	109	137	175	200	230	242
Profit before tax	163	217	244	228	297	548	834	866	981	963	1,562	1,718
Tax %	37.9%	29.9%	34.9%	35.0%	14.0%	25.0%	25.9%	25.9%	24.9%	21.0%	23.0%	—
Exceptional items	−16.06	0.00	0.00	0.00	1.01	0.00	0.00	−1.01	4.02	26.12	−5.02	—
Net Profit	101	153	159	149	257	410	621	644	735	760	1,208	1,314
EPS (Rs)	4.30	6.46	6.68	6.23	9.61	14.46	24.80	23.19	26.47	27.34	43.43	47.30
Dividend payout %	22.9%	19.0%	21.0%	23.0%	0.0%	0.0%	14.0%	21.9%	21.0%	20.9%	19.9%	—

APL Apollo Tubes balance sheet

₹ crore, at each year end.

APL Apollo Tubes Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	23.02	22.98	23.98	23.96	23.94	25.02	25.00	50.07	54.95	56.03	56.04	56.07
Reserves	472	544	679	813	938	1,332	1,671	2,416	2,948	3,551	4,155	5,246
Borrowings	484	653	596	777	860	837	522	583	876	1,148	636	500
Other Liabilities	347	444	550	571	956	1,080	1,190	1,414	1,982	2,450	2,766	3,054
Total Liabilities	1,327	1,664	1,849	2,185	2,778	3,275	3,408	4,463	5,863	7,205	7,614	8,855
Fixed Assets	616	669	673	889	1,038	1,715	1,742	1,845	2,588	3,292	3,681	4,078
CWIP	24.04	32.05	122	46.02	27.02	10.01	108	505	375	203	336	328
Investments	19.07	13.05	0.00	1.01	49.15	2.01	1.01	91.36	96.37	103	127	49.18
Other Assets	667	950	1,053	1,249	1,664	1,548	1,557	2,022	2,803	3,606	3,471	4,400
Inventories	320	594	469	590	783	783	759	847	1,480	1,636	1,622	1,444
Trade receivables	175	220	294	431	542	475	131	341	137	139	266	350
Cash & equivalents	19.06	1.01	2.01	7.03	48.16	46.19	359	377	353	349	577	889
Total Assets	1,327	1,664	1,849	2,185	2,778	3,275	3,408	4,463	5,863	7,205	7,614	8,855

APL Apollo Tubes cash flow

₹ crore, for each year.

APL Apollo Tubes Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	314	10.96	314	90.73	356	508	973	650	689	1,108	1,214	2,097
Cash from investing activity	−191	−93.13	−170	−165	−265	−436	−648	−531	−878	−918	−381	−1,390
Cash from financing activity	−124	80.83	−145	78.89	−52.89	−77.82	−358	25.95	143	26.95	−814	−439
Net cash flow	0.00	0.00	0.00	5.01	41.09	−3.01	−28.05	148	−41.08	222	24.02	276
Capex	184	126	178	174	238	310	288	599	864	697	730	696
Free cash flow	134	−98.70	143	−76.71	131	207	695	64.81	−151	449	560	1,449
CFO / OP %	176.9%	19.0%	113.0%	41.0%	108.0%	124.0%	162.0%	90.0%	89.0%	111.0%	117.0%	133.0%

APL Apollo Tubes ratios

Working-capital days and returns, by year.

APL Apollo Tubes Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	20	18	26	29	27	22	5	9	2	2	4	5
Inventory days	45	62	54	48	46	45	40	29	40	39	34	28
Days payable	29	27	45	31	41	43	41	35	43	47	47	45
Cash conversion cycle	37	55	37	48	34	25	5	4	0	−4	−7	−11
Working capital days	−3	7	−3	0	−1	8	−6	0	1	10	0	2
ROCE %	16.9%	23.9%	23.0%	22.0%	19.9%	19.9%	26.0%	32.0%	26.9%	24.9%	22.0%	32.0%

APL Apollo Tubes: frequently asked questions

What are the latest quarterly results of APL Apollo Tubes?

For the Sep 2026 quarter, APL Apollo Tubes reported sales of ₹6,997 Cr, up 26.5% year on year and net profit of ₹383 Cr, up 26.5% year on year. The operating margin was 8.0%.

What is the annual revenue of APL Apollo Tubes?

APL Apollo Tubes' sales for the year to Mar 2026 were ₹23,049 Cr; over the last twelve months they were ₹24,840 Cr.

What is the net profit of APL Apollo Tubes?

Net profit for the year to Mar 2026 was ₹1,208 Cr, and ₹1,314 Cr over the last twelve months. Earnings per share over the same trailing period were ₹47.30.

How much debt does APL Apollo Tubes have?

APL Apollo Tubes reported borrowings of ₹500 Cr at Mar 2026, against cash and equivalents of ₹889 Cr.

What is the free cash flow of APL Apollo Tubes?

Cash from operations was ₹2,097 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹1,449 Cr.

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