Investor Presentation
Awaiting price reaction for this filing.
APL Apollo Tubes reported record Q4FY25 results with sales volume of 850k tonnes (+25% YoY), revenue of ₹55.1Bn (+16% YoY), EBITDA of ₹4.1Bn (+48% YoY), and net profit of ₹2.9Bn (+72% YoY). EBITDA per ton improved to ₹4,864, up 18% YoY and 17% QoQ. For the full year FY25, sales volume rose 21% YoY to 3.16 million tonnes and revenue grew 14% to ₹206.9Bn, though full-year EBITDA/ton declined 17% YoY to ₹3,797. The company is now net cash at ₹3.1Bn versus ₹0.18Bn a year ago, with debt falling to ₹6.1Bn from ₹11.2Bn. Management outlined a ₹15Bn capex plan over three years to expand capacity from 4.5 Mn Ton to 6.8 Mn Ton by FY28, including new plants in Gorakhpur, Kolkata, Bhuj, Malur, Dubai, and Raipur. They disclosed a heavy structural steel tube order pipeline of 50 projects covering 50 million sq ft, with 220,000 tonnes in ongoing enquiries. Multi-year targets include ROCE ≥30%.
Strong Q4 numbers and the strategic shift toward value-added products signal a margin recovery after a weak FY25, while the net-cash balance sheet and large capex plan support long-term growth. For shareholders, this is a positive earnings beat in Q4 with clear expansion visibility, though the full-year EBITDA/ton decline shows the segment faced pricing pressure during the year.