Shares of APL Apollo Tubes Ltd. fell over 5% from the day's highs after the company missed its volume growth guidance for the March quarter. According to reports from CNBC TV18, the stock ended below the flat line at ₹1,934.8 on Friday, compared to its intraday high of ₹2,012.5. The stock has declined 13% in the last one month, reflecting investor disappointment with the quarterly performance.
For the fourth quarter, APL Apollo's total sales volume stood at 9.24 lakh tonnes, representing an 8.75% increase compared to the same quarter last year. However, as reported by CNBC TV18, this figure fell short of the company's guidance of 20% year-on-year growth, leading to the market reaction and share price decline. The sequential growth was marginal, rising from 9.16 lakh tonnes in Q3 FY26 to 9.24 lakh tonnes in Q4 FY26.
For the full financial year, APL Apollo reported an overall sales volume growth of 11% from the previous year to 34.91 lakh tonnes. According to the company's reporting, 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.
Within the company's segments, the general category within Apollo Structural performed well in the fourth quarter, while Apollo Z saw the rust-proof segment experiencing growth but the coated segment declining. As reported by CNBC TV18, the agri/industrial segment in Apollo Galv showed strong growth of 19% on a year-on-year basis, providing some positive highlights despite the overall volume growth missing guidance.
APL Apollo Tubes Ltd. manufactures structural steel tubes and pipes, positioning itself as the world's largest branded producer in this category. According to the company's profile, headquartered in Delhi NCR, the company operates 11 manufacturing facilities across the country, providing a significant operational footprint in the Indian steel tubes and pipes market.
