Outcome of Board Meeting-Recommendation of final dividend
APLAPOLLO · price
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APL Apollo Tubes reported strong FY2026 results with revenue of Rs 23,079 crore (up 11.5% YoY) and PAT of Rs 1,203 crore (up 58.9% YoY). EPS stands at Rs 43.34. The Board recommended a final dividend of Rs 8.50 per share (425% on face value Rs 2), subject to shareholder approval. Auditors issued unmodified (clean) opinions on both standalone and consolidated results. The company is initiating voluntary liquidation of non-operational subsidiary APL Apollo Mart Limited (contributing just 0.04% to revenue) and granted in-principle approval to divest real estate holding subsidiary Blue Ocean Projects Private Limited to unlock capital for core manufacturing operations. Four Independent Directors were reappointed for second terms.
The 59% PAT growth with margin expansion signals strong operational efficiency. Dividend payout is healthy. Subsidiary restructuring removes non-performing entities, potentially improving focus and return ratios. The net cash position (negative debt-equity of -0.29x) provides flexibility for growth investments.