APL Apollo Tubes Limited has informed the Exchange that Board of Directors at its meeting held on May 02, 2026, recommended Final Dividend of Rs. 8.50 per equity share.
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APL Apollo Tubes Limited reported strong FY2026 consolidated results with revenue from operations growing 11.5% to Rs.23,079 crore from Rs.20,690 crore in FY2025. Profit after tax surged 59% to Rs.1,203 crore from Rs.757 crore, while EPS improved to Rs.43.34 from Rs.27.28. The Board recommended a final dividend of Rs.8.50 per share (425% on Rs.2 face value), subject to shareholder approval. Operating margins expanded from 5.8% to 7.8% and net profit margins improved from 3.7% to 5.2%. Additionally, the Board approved voluntary liquidation of APL Apollo Mart Limited (a non-operational subsidiary contributing only 0.04% to consolidated revenue) and granted in-principle approval to divest Blue Ocean Projects Private Limited to unlock capital for the core steel tubes manufacturing business. Statutory auditors issued unmodified opinions on both standalone and consolidated financials.
The 59% PAT growth and margin expansion demonstrate strong operational efficiency in the steel tubes business. The dividend of Rs.8.50 per share signals confidence in cash generation. Subsidiary restructuring through liquidation and divestment should improve capital allocation and reduce administrative overhead.