APL Apollo Tubes Limited
APL Apollo Tubes Limited (APL Apollo) is one of India‚Äôs leading branded steel products manufacturers. Headquartered at Delhi NCR, the Company runs 10 manufacturing facilities churning out over 1,500 varieties of MS Black Pipes, Galvanised Tubes, Pre-Galvanised Tubes, Structural ERW Steel Tubes and Hollow Sections to serve industry applications like urban infrastructures, housing, irrigation, solar plants…
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APL Apollo Tubes' GST demand has been significantly reduced by the Appellate Authority from ₹1.01 Cr to ₹0.15 Cr after appeals. The company notes no material financial or operational impact.
APL Apollo Tubes successfully appealed a GST demand, reducing it from ₹3.15 Cr to a mere ₹0.01 Cr. This favorable outcome has no material financial impact on the company.
APL Apollo Tubes has announced its 41st Annual General Meeting on September 15. The Board earlier proposed a final dividend of ₹8.50 per equity share for FY2025-26. September 8 is fixed as the record date for this dividend, if approved by shareholders.
APL Apollo reported Q1FY27 sales volume of 745k Ton (-6% YoY) due to soft demand. Despite this, EBITDA grew 11% YoY to 411 Cr, with EBITDA/Ton up 18% to ₹5,522. Net profit rose 11% YoY to 263 Cr. Management anticipates demand recovery in 2HFY27 driven by infrastructure spending.
Company approved Q1 financial results. It's investing up to ₹1 Cr in a new Group Shared Services Company. Subsidiary AML will consolidate manufacturing and sell a unit to boost efficiency. Additionally, the company entered an agreement to sell subsidiary BOPL for ₹160 Cr.