APL Apollo Tubes Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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APL Apollo Tubes reported strong full-year FY2026 consolidated results: revenue from operations grew 16.3% to ₹23,079 crore (vs ₹20,690 crore in FY25), profit after tax surged 58.9% to ₹1,203.08 crore (vs ₹757.06 crore), and EPS improved to ₹43.34 (vs ₹27.28). The Board recommended a final dividend of ₹8.50 per share (425% on face value of ₹2), representing a substantial increase from the prior year. The auditors issued an unmodified opinion on both standalone and consolidated financials. Additionally, the Board initiated voluntary liquidation of non-operational wholly-owned subsidiary APL Apollo Mart Limited (contributing just 0.04% to consolidated revenue) and granted in-principle approval to divest Blue Ocean Projects Private Limited (a real estate holding company), aiming to unlock capital for the core steel tubes manufacturing business. Four independent directors were re-appointed for second terms.
Strong bottom-line growth and a generous dividend payout signal financial health and shareholder-friendly policies. The restructuring of non-operational subsidiaries could unlock value and sharpen focus on core manufacturing, which is positive for the stock.