APL Apollo Tubes Limited reported strong financial performance for the second quarter of FY27, with consolidated net profit rising 26.8% year-on-year (YoY) to ₹382.42 crore, compared with ₹301.54 crore in the corresponding quarter of the previous financial year.
Consolidated revenue from operations increased 26.6% YoY to ₹7,001.70 crore from ₹5,531.28 crore in Q2 FY26. Total income for the quarter stood at ₹7,041.86 crore, up 26.7% from ₹5,556.35 crore a year earlier.
The company also recorded higher operating earnings, with EBITDA increasing 29.3% YoY to ₹577.81 crore. Its EBITDA margin improved to 8.25% from 8.08% in the year-ago quarter.
APL Apollo Tubes Q2 Results : Key Financial Highlights
- Consolidated revenue from operations: ₹7,001.70 crore, up 26.6% YoY.
- Consolidated net profit: ₹382.42 crore, up 26.8% YoY.
- Total income: ₹7,041.86 crore, up 26.7% YoY.
- EBITDA: ₹577.81 crore, up 29.3% YoY.
- EBITDA margin: 8.25%, compared with 8.08% in Q2 FY26.
- Profit before tax: ₹499.70 crore, up 29.3% YoY.
- Basic earnings per share (EPS): ₹13.62, compared with ₹10.86 a year earlier.
Revenue and Profitability Show Strong Growth
APL Apollo Tubes recorded double-digit growth in revenue and profitability during the quarter. Revenue from operations increased by approximately ₹1,470 crore compared with Q2 FY26, while net profit rose by nearly ₹81 crore.
EBITDA grew faster than revenue, indicating an improvement in operating profitability. The EBITDA margin expanded by approximately 17 basis points to 8.25%.
Quarter-on-quarter performance also strengthened. Revenue from operations increased 24.9% from ₹5,606.71 crore in Q1 FY27, while net profit rose 45.4% from ₹263.11 crore.
The increase in revenue and profitability reflects the company’s improved quarterly performance, although operating costs and financing expenses remain important factors to monitor.
Expenses Increase Alongside Business Growth
Consolidated expenses stood at ₹6,542.16 crore in Q2 FY27, compared with ₹5,169.99 crore in the corresponding quarter last year, representing an increase of approximately 26.5%.
Finance costs increased to ₹52.40 crore from ₹27.60 crore a year earlier. Employee benefit expenses rose to ₹106.48 crore, while other expenses increased to ₹418.91 crore.
Despite the increase in expenses, EBITDA growth outpaced revenue growth, and the operating margin improved year-on-year.
H1 FY27 Performance: Revenue Rises 17.8%
For the six months ended 30 September 2026, APL Apollo Tubes reported consolidated revenue from operations of ₹12,608.41 crore, compared with ₹10,701.05 crore in H1 FY26, an increase of 17.8%.
The company’s first-half financial performance included:
- Revenue from operations: ₹12,608.41 crore, up 17.8% YoY.
- EBITDA: ₹989.09 crore, up 20.8% YoY.
- Profit before tax: ₹852.13 crore, up 22.4% YoY.
- Net profit: ₹645.53 crore, up 19.8% YoY.
- Basic EPS: ₹23.25, compared with ₹19.41 in H1 FY26.
The H1 figures show growth in revenue, operating earnings and net profit compared with the corresponding period of the previous financial year.
APL Apollo Tubes to Increase Stake in SG Enterprise Solutions
Alongside its quarterly results, the company’s board approved the acquisition of an additional 31% equity stake in SG Enterprise Solutions Private Limited for a cash consideration of ₹1.55 lakh.
Following the transaction, APL Apollo Tubes’ shareholding in the entity will increase from 20% to 51%, making it a subsidiary.
SG Enterprise Solutions is intended to function as a group shared services company, providing common corporate support services to participating group entities through a centralised operating model. The transaction is expected to be completed by 31 December 2026.
The company disclosed that SG Enterprise Solutions had not commenced operations as of the announcement. The transaction is a related-party transaction and is expected to be conducted on an arm’s-length basis.
What to Watch Next
Market participants may track the following factors in the coming quarters:
- Sustainability of revenue growth and sales volumes.
- Changes in EBITDA margin and operating costs.
- Impact of higher finance costs on profitability.
- Demand from construction, infrastructure and industrial applications.
- Integration and development of the shared services subsidiary.
These factors will help determine whether the company can sustain its recent growth in revenue and earnings.
Conclusion
APL Apollo Tubes delivered strong consolidated financial results in Q2 FY27, with net profit increasing 26.8% to ₹382.42 crore and revenue from operations rising 26.6% to ₹7,001.70 crore. EBITDA growth outpaced revenue growth, while the EBITDA margin improved year-on-year.
The company also reported higher revenue and profitability for H1 FY27 and approved a transaction that will increase its stake in SG Enterprise Solutions to 51%. Future performance will depend on demand conditions, operating efficiency and the company’s ability to sustain growth while managing costs.
Source: APL Apollo Tubes Limited’s consolidated unaudited financial results and board-meeting disclosures for the quarter and half year ended 30 September 2026.
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