APL Apollo Tubes Limited — Q3 FY26
APL Apollo delivered a strong Q3 FY26 with record monthly volume of 375,000 tons in December, implying an annualized run rate of 4.4 million tons.
bullish
high
✓ Verified against BSE filing
Indian management teams deliver on roughly 12% of specific earnings-call promises. A low score does not indicate dishonesty — it reflects how aspirational forward guidance typically is.
Q2 FY26
FY26 volume growth of 10-15%
Management reiterated guidance for 10-15% volume growth for the full year, with H2 expected to be stronger than H1.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1
Q2 FY26
FY26 EBITDA spread of 4,600-5,000 rupees per ton
Annual EBITDA per ton guidance maintained at 4,600-5,000 rupees, despite Q2 achieving 5,200 rupees.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1
Q2 FY26
Q3 FY26 volume target of 900,000 tons
Management targets monthly volume of 270,000-275,000 tons in October, implying Q3 volume of ~900,000 tons.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1