APL Apollo Q4 EBITDA Per Ton Hits INR5,525

APL Apollo Tubes held its Q4 FY26 earnings call, reporting strong EBITDA per ton of INR5,525 and a net cash balance of INR15 billion.
Management cited headwinds from the Middle East crisis, domestic energy shortages, and steel price volatility impacting volumes but protecting margins.
The company reaffirmed its FY27 guidance for 15-20% volume growth, 20-25% EBITDA growth, and a planned INR500-600 crore annual capex.
A significant INR1,000 crore net cash addition in Q4 was driven by aggressive inventory rationalization and improved working capital management.