APL Apollo Tubes Limited — Q1FY27 earnings call summary

Filed 05 August 2026 · Official transcript

Employee cost increase due to annual increments and low production; expected to normalize with volume recovery.
July volumes rose 20% MoM; full-year EBITDA growth guidance maintained at 20% with 15-20% volume growth.
EBITDA per ton expected to improve gradually to INR6,000 over 2-3 years with capacity ramp-up.
Q1 FY27 volume was 745,000 tons, below expectations due to UAE geopolitical issues, energy crisis, and high inflation.
Solar segment expected to contribute 4-5% of volume in 2-3 years.
EBITDA per ton stable at INR5,500 despite 20% volume decline QoQ; gross profit per ton increased by INR1,000 QoQ.
New capacity of 2 million tons coming over 2.5 years plus 1 million tons debottlenecking; value-added product share to rise to 75-80% by Dec 2027.
Competitive intensity stable; market share targeted at 60-65%.