APL Apollo Tubes Limited — Q2FY27 earnings call summary

Filed 29 October 2026 · Official transcript

Q2 FY27 volume reached 960,000 tons despite UAE disruption and steel shortages
Capex on track for 7 million ton capacity plus 1 million ton debottlenecking in 2 years
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
Management confident of Rs. 2,200 crore EBITDA in FY27, Rs. 3,000 crore possible if Dubai stabilizes
Focus on high-margin Apollo brand and roofing products with double-digit volume growth
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