Press Release

October 26, 2026 Electronic Filing National Stock Exchange of India Limited Department of Corporate Services/Listing “Exchange Plaza” Bandra-Kurla Complex, BSE Limited Bandra (E), Phiroze Jeejeebhoy Tower, Mumbai-400051 Dalal Street, Fort, Mumbai-400001 NSE Symbol : APLAPOLLO Scrip Code : 533758 Dear Sir/Madam, Re: Earnings presentation and Press Release on Unaudited Financial Results for the quarter and half year ended September 30, 2026 In terms of Regulation 30 of the Listing Regulations read with Schedule III to the Listing regulations, please find attached Earnings Presentation and Press Release respectively made by the Company on Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2026. This disclosure along with the enclosures shall be made available on the website of the Company viz. www.aplapollo.com. Yours faithfully For APL Apollo Tubes Limited Vipul Jain Company Secretary and Compliance Officer Encl: a/a ARCHITECTURE OF RETURNS Earnings Presentation Q2 FY27 Tube sizes Wall thickness Portfolio 10 × 10 mm to 1,000 × 1,000 mm 0.5 mm to 40 mm Largest structural steel tube product portfolio 1 Safe Harbour Except for the historical information contained herein, statements in this presentation and the subsequent discussions, which include words or phrases such as "will", "aim", "will likely result", "would", "believe", "may", "expect", "will continue", "anticipate", "estimate", "intend", "plan", "contemplate", seek to", "future", "objective", "goal", "likely", "project", "should", "potential", "will pursue", and similar expressions of such expressions may constitute "forward-looking statements“. These forward looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward- S looking statements. These risks and uncertainties include, but are not limited to our U ability to successfully implement our strategy, our growth and expansion plans, obtain O regulatory approvals, our provisioning policies, technological changes, investment and O business income, cash flow projections, our exposure to market risks as well as other A risks. The Company does not undertake any obligation to update forward- P looking statements to reflect events or circumstances after the date thereof. Contents Of The Report • At A Glance • Future Ready • Business Strategy • Financial Performance • Demand Drivers U • ESG Engagement L • Team APL Apollo AT A GLANCE A Decade Of Growth. The Numbers Say It All. CAGR Growth (%) 10 Year (FY16-26) 5 Year (FY21-FY26) 2 Year (FY24-26) 15% 16% 15% Sales Volume EBITDA 20% 22% 23% T Net Profit 28% 27% 28% Milestones Q2FY27 963k Ton ₹70.0Bn ₹5.8Bn ₹5,999 Sales Volume Revenue EBITDA EBITDA/ton 13% YoY increase 34% YoY increase 29% YoY increase 15% YoY increase 29% QoQ increase 25% QoQ increase 40% QoQ increase 9% QoQ increase ₹524Mn ₹3.8Bn ₹4.5Bn ₹16.3Bn Interest Cost Net profit Cash profit Net Cash in H1FY27 90% YoY increase 27% YoY increase 25% YoY increase FY26 was ₹15.3 Bn 35% QoQ increase 45% QoQ increase 39% QoQ increase 0 days 39.7% 27.7% ROCE in H1FY27 Net WC in H1FY27 ROEin H1FY27 FY26 was 37.3% FY26 was 0 day FY26 was 25.3% Note1: Sales Volume and Financials are on consolidated basis Note 2: Capital employed has been calculated as Total assets minus total current liabilities minus surplus cash Note 3: EBIT has been calculated without other income for ROCE calculation Note 4: ROCE, ROE and NWC havebeen annualized for FY27 on the basis of H1FY27 and Q2FY27 financials Milestones H1FY27 1,708k Ton ₹126.1Bn ₹9.9Bn ₹5,791 Sales Volume Revenue EBITDA EBITDA/ton 4% YoY increase 22% YoY increase 21% YoY increase 17% YoY increase ₹913Mn ₹6.5Bn ₹7.7Bn ₹16.3Bn Cash profit Net Cash in H1FY27 Interest Cost Net profit FY26 was ₹15.3 Bn 18% YoY increase 50% YoY increase 20% YoY increase 39.7% 0 days 27.7% ROCE in H1FY27 Net WC in H1FY27 ROEin H1FY27 FY26 was 37.3% FY26 was 0 day FY26 was 25.3% Note1: Sales Volume and Financials are on consolidated basis Note 2: Capital employed has been calculated as Total assets minus total current liabilities minus surplus cash Note 3: EBIT has been calculated without other income for ROCE calculation Note 4: ROCE, ROE and NWC havebeen annualized for FY27 on the basis of H1FY27 and Q2FY27 financials Financial Snapshot Profit & Loss (Rs Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Volume (k Ton) 721 758 828 850 794 855 917 925 745 963 Revenue 49,743 47,739 54,327 55,086 51,698 52,063 58,151 62,692 56,067 70,017 EBITDA 3,016 1,380 3,456 4,137 3,720 4,470 4,719 5,110 4,113 5,778 EBITDA/ton (Rs) 4,183 1,821 4,173 4,864 4,683 5,228 5,146 5,525 5,522 5,999 O Net Profit 1,932 538 2,170 2,931 2,372 3,015 3,101 3,543 2,631 3,824 FUTURE READY CAPEX PL AN O N TRACK Capacity Expansion Plan By FY28 Greenfield & Brownfield Existing capacity Debottlenecking Total capacity capacity 2 Mn Ton 5 Mn Ton 1 Mn Ton 8 Mn Ton • East (Gorakhpur, Siliguri) Structural Steel • Plant Modernization • South (Malur) • Replacement of Structural Steel • Western coastal area conventional mills with faster and more efficient mills BUSINESS STRATEG Y Quarterly Sales Volume Product Category (Ton) Q2FY27 Q1FY27 Q4FY26 Q3FY26 Q2FY26 Q1FY26 H1FY27 H1FY26 FY26 APL Apollo Brand 7,74,751 5,68,691 6,97,094 6,64,992 6,53,680 6,40,258 13,43,442 12,93,938 26,56,024 SG Premium Brand 26,910 58,686 90,504 87,860 38,356 14,141 85,596 52,498 2,30,862 UAE Operations 26,227 25,929 49,835 58,093 57,931 48,162 52,156 1,06,093 2,14,021 Roofing Products 1,35,255 91,516 87,447 1,06,031 1,05,071 91,788 2,26,771 1,96,859 3,90,337 Total 9,63,143 7,44,823 9,24,881 9,16,976 8,55,037 7,94,350 17,07,966 16,49,387 34,91,243 FINANCIAL PERFORMANCE Growing Strength To Strength (QoQ) Volume (K Ton) EBITDA (Rs Mn) 963 5,778 917 925 5,110 4,719 4,470 745 4,113 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 EBITDA/Ton (Rs) Net Profit (Rs Mn) 5,999 3,824 3,543 5,525 5,522 S 3,101 3,015 E 5,228 B 5,146 2,631 L Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 1. Sales Volume and Financials are on consolidated basis 2. EBITDA has been calculated without other income 14 Growing Strength To Strength (YoY) ROE (%) ROCE (%) 27.7 39.7 25.3 37.3 23.5 22.2 19.4 27.7 27.5 24.5 FY23 FY24 FY25 FY26 H1FY27 FY23 FY24 FY25 FY26 H1FY27 Net Working Capital Days Net Debt/ (cash) (Rs Bn) S Net Net Net E 2.4 B cash cash cash -0.2 -3.1 0 0 0 -15.3 L -16.3 A FY23 FY24 FY25 FY26 H1FY27 FY23 FY24 FY25 FY26 H1FY27 Note1:Capitalemployed forROCEiscomputedasTotalassetslessCurrentLiabilities& Cash Note 2: ROCE, ROE and NWC days havebeen annualized for FY27 on the basis of H1FY27 and Q2FY27 financials Growing Strength To Strength (YoY) Free Cash Flow (Rs Bn) Operating Cash Flow (Rs Bn) 13.4 20.0 12.1 11.2 6.8 3.6 3.7 FY23 FY24 FY25 FY26 H1FY27 FY23 FY24 FY25 FY26 H1FY27 Op. Cash flow to EBITDA(%) Capex to Op. Cash flow (%) S 87 95 94 59 60 P 33 FY23 FY24 FY25 FY26 H1FY27 FY23 FY24 FY25 FY26 H1FY27 Cash Flow Bridge (Rs Mn) 6,827 -4,091 -28 16,281 15,323 -1,751 L Net cash in FY26 Op. Cash flow Capex Investments Interest, Dividend & others Net Cash in H1FY27 L Business continues to P Capex being funded from A generate strong Net cash balance sheet internal cash flow operational cash flow Profit & Loss Statement (Consol) Particulars (Rs Mn) Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 FY26 H1FY26 H1FY27 Sales Volume (K Ton) 758 828 850 794 855 917 925 745 963 3,491 1,649 1,708 Net Revenue 47,739 54,327 55,086 51,698 52,063 58,151 62,692 56,067 70,017 2,30,790 1,03,761 1,26,084 Raw Material Costs 42,419 46,623 46,964 43,803 43,413 49,007 52,680 47,168 58,985 1,95,090 87,216 1,06,153 Employee Costs 872 899 754 930 887 926 962 1,061 1,065 3,705 1,816 2,126 Other expenses 3,068 3,350 3,232 3,245 3,293 3,499 3,940 3,725 4,189 13,977 6,538 7,914 EBITDA 1,380 3,456 4,137 3,720 4,470 [Showing first 8,000 characters — download PDF for full document]