Home / Business and Economy / APL Apollo Tubes Profit Soars 15% to ₹263 Cr in Q1 FY27
APL Apollo Tubes Profit Soars 15% to ₹263 Cr in Q1 FY27
1 Aug
Summary
- APL Apollo Tubes reported a consolidated net profit of ₹263.11 crore for Q1 FY27.
- Total income rose to ₹5,646.23 crore, an increase from the previous fiscal year's quarter.
- Company approved a ₹1 crore investment for a 20% stake in a new shared services company.
APL Apollo Tubes has reported its unaudited financial results for the first quarter of FY27, revealing a consolidated net profit of ₹263.11 crore. This represents a notable achievement for the company.
During the quarter ended 30 June 2026, consolidated total income reached ₹5,646.23 crore, an increase from ₹5,195.34 crore in the prior year's corresponding period. Total expenses also saw a rise, amounting to ₹5,293.80 crore.
Basic and diluted earnings per share (EPS) both increased, with basic EPS standing at ₹9.48, up from ₹8.55 year-on-year. The company also approved a strategic investment of up to ₹1 crore to acquire a 20% equity stake in a new Group Shared Services Company.
Furthermore, APL Apollo Tubes is rationalizing manufacturing operations within its subsidiary, Apollo Metalex Limited. This involves consolidating production and disposing of the A-25 Unit's land and building in Sikandrabad, Uttar Pradesh, to optimize the manufacturing footprint and reduce costs.
