APL Apollo Tubes shares rise 4% after record Q3 volumes and profit

Shares of APL Apollo Tubes Ltd. were trading about 4% higher after the company reported a strong set of earnings for the December quarter (Q3FY26).

The company posted its highest-ever quarterly sales volume, EBITDA and profit during the quarter.

Net profit rose 43% year-on-year to ₹310 crore, compared with ₹217 crore in the same period last year. Revenue increased 7.1% to ₹5,815 crore from ₹5,432 crore.

Operating performance saw a sharp improvement, with EBITDA climbing 36% year-on-year to ₹472 crore from ₹346 crore. EBITDA margin expanded to 8% from 6.4% a year earlier.

Sales volume grew 11% year-on-year and 7% sequentially.

For the first nine months of FY26, APL Apollo reported a return on capital employed of 33.3%, higher than 24.5% recorded in FY25. Return on equity also improved to 24.8% in 9MFY26 from 19.4% in the previous fiscal.

The balance sheet continued to strengthen, with net cash rising to ₹560 crore in 9MFY26, compared with ₹310 crore in FY25.

Reiterating its long-term growth plans, the company said its targeting a total capacity of 10 million tonnes by FY30.