APL Apollo Tubes (NSE: APLAPOLLO) The steel tube manufacturer recorded a consolidated net profit of ₹310.04 crore for the quarter ended December 31, 2025, supported by increased operational revenue. Total consolidated income reached ₹5,839.85 crore as the company evaluates the financial implications of new national labor legislation.
APL Apollo Tubes Limited reported a consolidated net profit of ₹310.04 crore for the quarter ended December 31, 2025, according to the sources. This figure represents an increase from the ₹216.97 crore net profit recorded during the same period in the previous year. Consolidated revenue from operations for the quarter stood at ₹5,815.13 crore, driven primarily by the sale of products.
Critical Advancements
The company’s board of directors approved the unaudited financial results on January 22, 2026, following a limited review by statutory auditors. A significant regulatory factor noted in the sources is the implementation of four New Labour Codes by the Government of India, effective November 21, 2025. While the full impact of these codes is still under evaluation, the management has accounted for an incremental liability that it describes as immaterial to the current consolidated financial results.
Higher Income and Margins Drive Q3 Earnings
Consolidated total income for the third quarter rose to ₹5,839.85 crore, up from ₹5,454.34 crore in the corresponding quarter of 2024. Profit before tax reached ₹404.47 crore, compared to ₹280.10 crore in the year-ago period. Total consolidated expenses for the quarter were ₹5,435.38 crore, with the cost of materials consumed accounting for ₹4,572.72 crore. For the nine-month period ending December 31, 2025, the group achieved a total revenue of ₹16,191.20 crore and a net profit of ₹848.75 crore. The operating margin for the quarter was 8.11%, an improvement from the 6.36% reported in the same quarter of the previous year.
Business & Strategy
The company operates a single reportable business segment focused on the manufacturing of ERW steel tubes and pipes. The group maintains a consolidated net worth of ₹4,911.39 crore as of December 31, 2025. The sources indicate a debt-equity ratio of (0.11), which reflects an excess of cash and bank balances over total borrowings. The group’s operational structure includes several subsidiaries, such as Apollo Metalex Limited, APL Apollo Mart Limited, and Blue Ocean Projects Private Limited.
Operating Efficiency Amid Regulatory Transition
The company’s performance coincides with a broader transition in the Indian industrial sector regarding the consolidation of labor laws. Although the New Labor Codes have been enacted, the supporting rules are yet to be fully notified by the government. Within the steel tube manufacturing sector, APL Apollo Tubes maintained a current ratio of 1.36 and an interest service coverage ratio of 13.31 for the quarter ended December 31, 2025. The annualized inventory turnover for the period was 11.16, while the debtors’ turnover stood at 66.94.