APL Apollo Tubes Ltd has informed the exchange regarding transcript of the conference call held on October 26, 2026

AI summary - Q2 FY27 volume reached 960,000 tons despite UAE disruption and steel shortages - EBITDA per ton Rs. 6,000 in Q2, sustainable and expected to increase in H2 FY27 - FY27 EBITDA growth guidance at 20%, potential upside if UAE operations recover - Focus on high-margin Apollo brand and roofing products with double-digit volume growth - Capex on track for 7 million ton capacity plus 1 million ton debottlenecking in 2 years - Net cash Rs. 16bn with zero working capital days; free cash flow expected to surpass FY26 - Pricing premium maintained with Rs. 6,000 EBITDA margin sustainable despite steel price volatility - Dubai capacity expansion to 0.5 million tons by Mar 2027 with Rs. 8,000-10,000 per ton EBITDA potential - SG Premium brand volume to rise if steel prices normalize, supporting absolute EBITDA growth - Management confident of Rs. 2,200 crore EBITDA in FY27, Rs. 3,000 crore possible if Dubai stabilizes