Apl Apollo Tubes Limited · NSE:APLAPOLLO
Apl Apollo Tubes — Q1 FY26 Earnings Presentation
36 slides from Apl Apollo Tubes's earnings presentation, Jul 24, 2025
Slide 1: Exchange filing cover letter for earnings presentation and press release
24th July 2025 Electronic Filing National Stock Exchange of India Limited Department of Corporate Services/Listing “Exchange Plaza” Bandra-Kurla Complex, BSE Limited Bandra (E), Phiroze Jeejeebhoy Tower, Mumbai-400051 Dalal Street, Fort, Mumbai-400001 NSE Symbol : APLAPOLLO Scrip Code : 533758 Dear
Slide 2: Earnings presentation Q1FY26
“India is ready and so we are” Revolution the world of tube Tubes from 8*8mm to 1000*1000mm with 0.18mm to 40mm Thickness Earnings presentation Q1FY26 1
Slide 3: Safe Harbour
Safe Harbour Except for the historical information contained herein, statements in this presentation and the subsequent discussions, which include words or phrases such as "will", "aim", "will likely result", "would", "believe", "may", "expect", "will continue", "anticipate", "estimate", "intend", "
Slide 4: Contents
Contents • Q1FY26 at glance • Financial Performance • Business Strategy • Demand Drivers • ESG Engagement APL APOLLO TUBES • Team APL Apollo 3
Slide 5: Q1FY26 at a Glance
Q1FY26 at a Glance 794k Ton ₹51.7Bn ₹3.7Bn ₹4,683 Sales Volume Revenue EBITDA EBITDA/ton 10% YoY increase 4% YoY increase 23% YoY increase 12% YoY increase 7% QoQ decrease 6% QoQ decrease 10% QoQ decrease 4% QoQ decrease 61% ₹333Mn ₹2.4Bn ₹2.9Bn Value Added Sales mix Interest Cost Net profit Cash pr
Slide 6: Quarterly Volume, Revenue, EBITDA & PAT
Quarterly Volume, Revenue, EBITDA & PAT Profit & Loss (Rs Mn) Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Sales Volume (k Ton) 423 602 605 650 662 675 604 679 721 758 828 850 794 Revenue 34,386 39,692 43,271 44,311 45,449 46,304 41,778 47,657 49,743 47,
Slide 7: Financial Performance
FINANCIAL PERFORMANCE APL APOLLO TUBES 6
Slide 8: Financial Priorities under Strong Governance
Financial Priorities under Strong Governance Growth Earnings Drive sustainable EPS growth Profitable Organic Growth Attain earnings objectives across Commitment to R&D and Talent economic cycles Innovate products to replace conventional construction methods APL APOLLO TUBES Capital Allocation Achiev
Slide 9: De-commoditizing Product Portfolio (QoQ)
De-commoditizing Product Portfolio (QoQ) Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Application Sales Mix Vol. EBITDA/Ton Sales Mix Vol. EBITDA/Ton Sales Mix Vol. EBITDA/Ton Sales Mix Vol. EBITDA/Ton Sales Mix Vol. EBITDA/Ton (%) (K Ton) (Rs) (%) (K Ton) (Rs) (%) (K Ton) (Rs) (%) (K Ton) (Rs) (%) (K Ton) (R
Slide 10: De-commoditizing Product Portfolio (YoY)
De-commoditizing Product Portfolio (YoY) Product FY21 FY22 FY23 FY24 FY25 Application Category Sales Mix Vol. EBITDA/Ton Sales Mix Vol. EBITDA/Ton Sales Mix Vol. EBITDA/Ton Sales Mix Vol. EBITDA/Ton Sales Mix Vol. EBITDA/Ton (%) (KTon) (Rs) (%) (KTon) (Rs) (%) (KTon) (Rs) (%) (KTon) (Rs) (%) (KTon)
Slide 11: Capacity expansion plan by FY28
Capacity expansion plan by FY28 Existing capacity Brownfield expansion Greenfield expansion Speciality tubes Capacity 4.5 Mn Ton 0.8 Mn Ton 1.0 Mn Ton 0.5 Mn Ton • New expansion for speciality + International: Dubai 200,000 Ton + East: Gorakhpur 200,000 Ton tubes + Raipur: Roofing sheets 500,000 Ton
Slide 12: Growing Strength to Strength
Growing Strength to Strength Volume (K Ton) EBITDA (Rs Mn) 4,137 850 3,720 3,456 828 3,016 794 758 721 1,380 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 EBITDA/Ton (Rs) Net Profit (Rs Mn) 4,864 2,931 4,683 APL APOLLO TUBES 4,183 4,173 2,372 2,170 1,932 1,821 538 Q1FY25 Q2FY
Slide 13: Growing Strength to Strength
Growing Strength to Strength ROE (%) ROCE (%) 34.6 28.9 29.2 29.5 28.6 23.5 22.2 21.9 24.5 19.4 FY22 FY23 FY24 FY25 Q1FY26 FY22 FY23 FY24 FY25 Q1FY26 Interest Coverage Ratio (x) Net Working Capital Days APL APOLLO TUBES 7 19.7 6 5 13.9 9.6 9.6 7.5 1 0 FY22 FY23 FY24 FY25 Q1FY26 FY22 FY23 FY24 FY25 Q
Slide 14: Growing Strength to Strength
Growing Strength to Strength Operating Cash Flow (Rs Bn) Net Debt/EBITDA (x) 12.1 11.2 9.7 6.5 0.2 0.2 -0.8 FY22 FY23 FY24 FY25 Q1FY26 -0.0 -0.3 -0.1 FY22 FY23 FY24 FY25 Q1FY26 APL APOLLO TUBES Net Debt/ Equity (x) Net Debt/ (cash) (Rs Bn) 2.4 2.0 0.1 0.1 Net cash Net cash -0.0 -0.2 -0.1 -0.0 FY22 F
Slide 15: Growing Strength to Strength
Growing Strength to Strength Operating Cashflow to EBITDA (%) Capex to Op. Cash flow (%) 95 101 94 90 87 69 59 54 -23 -77 FY22 FY23 FY24 FY25 Q1FY26 FY22 FY23 FY24 FY25 Q1FY26 FCF (Rs Bn) Du-Pont ROE (%) APL APOLLO TUBES 5 3.6 28 4 3.7 21 3 14 2 0.4 1 7 -0.6 0 0 -0.8 FY21 FY22 FY23 FY24 FY25 Q1FY26
Slide 16: Cash Flow Bridge (Rs Mn)
Cash Flow Bridge (Rs Mn) 3,047 1,060 2,085 -849 -523 -650 APL APOLLO TUBES Net cash in FY25 Op Cash flow Capex Investments Dividend & others Net Cash in Q1FY26 Business continues to Capex being funded from generate strong Net cash balance sheet internal cash flows operational cash flows 15
Slide 17: Profit & Loss Statement (Consol)
Profit & Loss Statement (Consol) Particulars (Rs Mn) Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 FY24 FY25 Sales Volume (K Ton) 721 758 828 850 794 2,618 3,158 Net Revenue 49,743 47,739 54,327 55,086 51,698 1,81,188 2,06,895 Raw Material Costs 42,697 42,419 46,623 46,964 43,803 1,56,172 1,78,702 Employee Cos
Slide 18: Provisional Balance Sheet & Cash flow (Consol)
Provisional Balance Sheet & Cash flow (Consol) Balance Sheet - Assets (Rs mn) FY25 Q1FY26 Cashflow Statement (Rs mn) FY25 Q1FY26 Cash & Bank Balance 9,199 8,746 EBITDA 11,990 3,720 Receivables 2,673 2,099 Change in receivables -1,329 574 Inventories 16,232 16,824 Change in inventory 125 -593 Other c
Slide 19: Demand Drivers
DEMAND DRIVERS 18
Slide 20: Structural Steel Tube Applications
Structural Steel Tube Applications Application Mix 4% 13% Housing Commercial buildings 19% Infrastructure 64% Others APL APOLLO TUBES *As per Q1FY26 revenue 19
Slide 21: India Structural Steel Tube market potential
India Structural Steel Tube market potential Structural steel tubes as % of steel market Crude steel production in India (Mn Ton) Structural steel tubes in India (Mn Ton) (FY24) 17.3 11 210 9 9 8 8 7 139 6.5 9.0 Global Europe LAT-AM Japan Middle North India FY24 2030E FY24 2030E East America Structu
Slide 22: Solar structure opportunity for structural tubes
Solar structure opportunity for structural tubes Annual solar Annual APL Apollo Products installation by Segments Products market Solar structure opportunity 2030 size by 2030 Market opportunity 33.3GW for APL Apollo 830,000 Ton Solar power products by 2030 1. Residential 14.5GW Tubes 360,000 Ton Ro
Slide 23: Steel Tube usage in housing/commercial buildings
Steel Tube usage in housing/commercial buildings Housing Commercial/Infrastructure Cost (per sq ft in Homes) Cost (per sq ft in Commercial/Infra) 125 523 50 41 43 35 23 125 23 50 35 43 Steel Tubes PVC pipes Tiles Wires Cement Paints Steel PVC pipes Tiles Wires Cement Paints tubes Steel Tube applicat
Slide 24: Applications for Heavy Structural Steel Tubes
Applications for Heavy Structural Steel Tubes ● High Rise Buildings ○ Hospitals, Housing, Schools, Courts, Hotels/Malls/Offices ● Warehouses/Cold Storage/Food Parks 50 50mn sq. ft. 220,000 ton ● Factory Buildings/Process Structures projects Visibility heavy structural steel tubes ● Aviation Hangers
Slide 25: APL Apollo's ESG Transformation Journey
APL Apollo’s ESG Transformation Journey 24
Slide 26: ESG- DJSI Scoring
ESG- DJSI Scoring DJSI Scroing 86 89 80 56 2021 2022 2023 2024 Score percentile (%) APL APOLLO TUBES APL APOLLO SCORED 89TH PERCENTILE IN 2024 25
Slide 27: Scope & emissions reduction by 25% by 2030; Net Zero by 2050
Scope 1 & 2 emissions reduction by 25% by 2030; Net Zero by 2050 Scope of Purchased goods GHG Inventory Planned Initiatives: and services expanded to calculated for • RE installations in include raw materials Scope 1, 2, 3 and ABPL plant (Steel Coils) set as baseline • RE expansions in Boundary of S
Slide 28: Scope & emissions reduction by 25% by 2030; Net Zero by 2050
Scope 1 & 2 emissions reduction by 25% by 2030; Net Zero by 2050 Renewable Electricity Consumption (GJ) Trend of GHG Emissions over past 4 years Renewable Electrcity Grid Electricity Scope 1 (MTCO2e) Scope 2 (MTCO2e) Scope 3 (MTCO2e) 903,988 FY 2021-22 24,486 66,349a 42,661 732,067 FY 2022-23 29,260
Slide 29: Commitment and achievements
Commitment and achievements Commitments Achievements ▪ Committed to reducing Scope 1&2 emissions by 25% by 2030 E ▪ Introduced new, environmentally friendly products E ▪ Committed to set near term and Net Zero targets by 2050 E ▪ All plants have access to green energy, 2 plants have more than 85% de
Slide 30: Front runner for Steel for Green
Front runner for Steel for Green ▪ APL Apollo is the 1st Company to innovate readymade Doorframe, Fence, Plank and Hand rails as Steel for Green Concept which replaced conventional wood application in building construction ▪ Our Products are saving 250,000 trees every year, going ahead we will be sa
Slide 31: Steel Buildings = Decarbonization
Steel Buildings = Decarbonization ● Construction sector contributes 30% of direct and indirect Co2 emissions Steel Structure - RCC Structure ● Structural steel is preferred for steel buildings because steel is ○ Infinitely recyclable ○ Easy to pre-fabricate ○ High volume to weight ratio APL APOLLO T
Slide 32: Board of Directors
Sanjay Gupta Board of Directors Chairman & Managing Director Steel Industry veteran with 3 decades of experience Vinay Gupta Rahul Gupta Deepak Goyal Director Director Director-Operations More than 20 years of A promising entrepreneur with industry experience in the an experience of around 10 2 deca
Slide 33: Our Leadership
Our Leadership Vinay Gupta Rahul Gupta Deepak Goyal Anubhav Gupta Director Director Director-Operations Chief Strategy Officer Sanjay Gupta Chairman & Managing Director CK Singh Ravindra Tiwari APL APOLLO TUBES Director & COO Chetan Khandelwal Chief Sales & Vaibhaav Sharma Chief Financial Officer Ma
Slide 34: Thank You
Thank You For further information, please contact: Anubhav Gupta Deepak Goyal APL Apollo Tubes Ltd APL Apollo Tubes Ltd Tel: +91 120 691 8000 Tel: +91 120 691 8000 Email: anubhav@aplapollo.com Email: deepakgoyal@aplapollo.com APL APOLLO TUBES Shubham Mittal APL Apollo Tubes Ltd Tel: +91 120 691 8000
Slide 35: Press release: Q1FY26 Financial Performance
APL Apollo Tubes Limited Regd. Office: 37, Hargobind Enclave, Vikas Marg, Delhi – 110 092 Corp. Office: SG Centre, Plot No. 37-C, Block-B, Sector-132, Noida, Distt. Gautam Budh Nagar, U.P.-201304 Q1FY26 Financial Performance • Sales volume of 794,350 Ton (+10% YoY, -7% QoQ) • EBITDA of Rs3.7bn (+23%
Slide 36: Press release: management comment and About APL Apollo Tubes Limited
We are ready with our capacity, product range, distribution network and brand pull. Henceforth we expect 2HFY26 to perform much better than 1HFY26. The company's commitment to delivering exceptional quality, coupled with its unwavering dedication to customer satisfaction, has propelled it to the for