APL Apollo Tubes Sells 794,350 Ton in Q1 FY26, Up 10% YoY; Volume Declines 7% QoQ
By Ankur Chandra | Updated at: Jan 12, 2026 02:47 PM IST
Noida, July 1, 2025: APL Apollo Tubes Ltd (NSE: APLAPOLLO, BSE: 533758), India’s largest structural steel tube manufacturer, has announced its sales volume for Q1 FY26. The company reported a total sales volume of 794,350 Tonnes, reflecting a 10% year-on-year growth compared to Q1 FY25. However, the sales volume experienced a 7% sequential decline from the 850,447 Tonnes recorded in Q4 FY25.
Sales Volume Summary
The company’s diversified building material portfolio includes structural, coated, rust-proof, and galvanized segments. The detailed sales volume (in Tonnes) by product category is presented below:
| Product Category | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|
| Apollo Structural – Heavy* | 71,861 | 81,583 | 80,049 | 62,888 | 69,155 |
| Apollo Structural – Light | 129,093 | 142,797 | 142,518 | 127,014 | 109,631 |
| Apollo Structural – General | 308,013 | 353,293 | 360,326 | 338,204 | 288,122 |
| Apollo Z (Rust-proof) | 190,849 | 184,636 | 165,635 | 150,052 | 168,231 |
| Apollo Z (Coated) | 63,426 | 55,174 | 46,104 | 51,242 | 51,602 |
| Apollo Galv (Agri/Ind) | 31,108 | 32,964 | 33,568 | 28,867 | 34,322 |
| Total | 794,350 | 850,447 | 828,200 | 758,267 | 721,064 |
The heavy segment includes both heavy and super-heavy sections.
- YoY Growth (Q1 FY26 vs Q1 FY25): +10.1%
- QoQ Decline (Q1 FY26 vs Q4 FY25): -6.6%
Strategic Commentary
The company observed robust performance in its Apollo Z rust-proof and coated segments, which registered sequential volume growth despite an overall contraction in quarterly volumes. This indicates a growing demand for value-added and corrosion-resistant products within APL Apollo’s diversified building material portfolio. The core structural tubes segment, particularly the light and general categories, also demonstrated strong year-on-year growth, reinforcing the company’s foundational strength.
The sequential decline in Q1 FY26 volumes compared to Q4 FY25 could be attributed to various factors, including seasonal slowdowns common in the construction sector post-fiscal year-end, or a temporary inventory correction by distributors. However, the strong year-on-year growth highlights sustained underlying demand and APL Apollo’s dominant market position.
Industry Outlook and APL Apollo’s Position:
The Indian structural steel market is projected for strong growth, driven by increasing urbanisation and substantial investments in infrastructure and construction projects. Experts anticipate domestic steel demand to grow at a rate of 9%-11% year-on-year in FY26. Government initiatives like “Make in India” and continued spending on infrastructure projects (roads, railways, ports) are expected to be key demand drivers. The imposition of a 12% provisional safeguard duty on certain flat steel imports in April 2025 by the Indian government is also expected to provide pricing support to domestic manufacturers in the first half of FY26, reducing import volumes and benefiting local players like APL Apollo.
Share Price Effect
At around 12:45 p.m., shares of APL Apollo Tubes were up 0.63%, or ₹10.90 and were trading at ₹1,750.00. It remains to be seen at what price the shares close at the end of today’s market session.
About APL Apollo Tubes
APL Apollo Tubes Limited, headquartered in Delhi NCR, is the world’s largest branded structural steel tube manufacturer with a total production capacity of 4.5 million tonnes across 11 manufacturing facilities. It offers over 3,000 product varieties catering to applications across urban infrastructure, real estate, rural housing, engineering, and agriculture.
The company has a vast distribution network of 800+ distributors, with reach across 300+ towns and cities, making it a dominant player in India’s structural steel industry.
REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/6fc268c4-8e80-4510-9b99-7f66b57d9183.pdf
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