Shares of APL Apollo Tubes Ltd. fell over 5% from the highs of the day, after the company missed its volume growth guidance for the March quarter.
For the fourth quarter, the company’s total sales volume stood at 9.24 lakh tonnes. The figure is 8.75% higher than the same quarter last year. However, the figure is lower than the company’s guidance of 20% growth year-on-year.
For the full financial year, APL Apollo reported an overall sales volume growth of 11% from last year to 34.91 lakh tonnes.
On a sequential basis, volumes remained largely flat, rising marginally from 9.16 lakh tonnes in Q3 FY26 to 9.24 lakh tonnes in Q4 FY26.
Also read: APL Apollo Tubes shares rise 4% after record Q3 volumes and profit
Within segments, the general category within Apollo Structural did well in the fourth quarter, while Apollo Z saw rust-proof segment seeing growth but the coated segment saw a decline. The agri / industrial segment in Apollo Galv also saw growth of 19% on a year-on-year basis.
APL Apollo Tubes Ltd. manufactures structural steel tubes and pipes, positioning itself as the world’s largest branded producer in this category. Headquartered in Delhi NCR, the company operates 11 manufacturing facilities across the country.
Shares of APL Apollo Tubes ended below the flat line on Friday at ₹1,934.8, compared to its intraday high of ₹2,012.5. The stock has declined 13% in the last one month.
