APL APOLLO

APL Apollo Tubes Ltd. | CMP Rs. 1668 | M Cap Rs. 46298 Cr | 52 W H/L 1729/1253 Result is marginally above expectations Revenue from Operations came at Rs. 5508.6 Cr (1.4% QoQ, 15.6% YoY) vs expectation of Rs. 5650.2 Cr, QoQ Rs. 5432.7 Cr, YoY Rs. 4765.7 Cr EBIDTA came at Rs. 413.7 Cr (19.7% QoQ, 47.6% YoY) vs expectation of Rs. 390.1 Cr, QoQ Rs. 345.6 Cr, YoY Rs. 280.4 Cr EBITDA Margin came at 7.5% vs expectation of 6.9%, QoQ 6.4%, YoY 5.9% Adj. PAT came at Rs. 293.1 Cr vs expectation of Rs. 239.5 Cr, QoQ Rs. 217 Cr, YoY Rs. 170.4 Cr Quarter EPS is Rs. 10.6 Stock is trading at P/E of 38.5x FY26E EPS