APL Apollo Q1 FY27: EBITDA rises 11% on better product mix

APL Apollo reported Q1 FY27 sales volume of 744,823 ton, down 6% YoY, but EBITDA per ton rose 18% YoY to Rs 5,522 on improved sales mix. Revenue grew 8% YoY to Rs 56.1 Bn, EBITDA up 11% to Rs 4.1 Bn, net profit up 11% to Rs 2.6 Bn. Net cash stood at Rs 14.1 Bn with zero net working capital days. Management called volumes below expectations due to soft demand and geopolitical issues, but expects 2H FY27 to improve on higher infrastructure spending. Capacity expansion to 8 Mn Ton by FY28 remains on track.