APL Apollo Tubes Reports 26.6% Revenue Growth in Q2 FY27, to Raise Stake in SG Enterprise Solutions
APL Apollo Tubes reported growth in revenue and profitability for the second quarter of FY27. Consolidated revenue from operations increased to Rs 7,001.70 crore from Rs 5,531.28 crore in Q2 FY26, while consolidated net profit rose to Rs 382.42 crore from Rs 301.54 crore in the corresponding quarter last year.
Total comprehensive income for the quarter increased to Rs 387.96 crore, compared with Rs 294.85 crore in the year-ago period.
Separately, the company's board approved the acquisition of an additional 31% equity stake in SG Enterprise Solutions Private Limited for Rs 1.55 lakh. The transaction will increase APL Apollo's shareholding from 20% to 51%, making SG Enterprise Solutions a direct subsidiary.
Financial Performance and Acquisition Details
| Particulars | Details |
|---|---|
| Consolidated revenue | Rs 7,001.70 crore in Q2 FY27, up 26.6% from Rs 5,531.28 crore in Q2 FY26. |
| Consolidated net profit | Rs 382.42 crore, compared with Rs 301.54 crore a year earlier, marking growth of 26.8%. |
| Total comprehensive income | Rs 387.96 crore, compared with Rs 294.85 crore in Q2 FY26. |
| Stake acquisition | The board approved the acquisition of an additional 31% equity stake in SG Enterprise Solutions Private Limited for Rs 1.55 lakh. |
| Revised shareholding | APL Apollo's stake will increase from 20% to 51%, making SG Enterprise Solutions a direct subsidiary. |
| Purpose of the subsidiary | SG Enterprise Solutions is intended to provide centralised corporate and shared services to participating group companies. |
| Sellers | The shares will be acquired from SG Green Buildings Private Limited and S Gupta Holding Private Limited, related parties, on an arm's-length basis. |
| Expected completion | The transaction is expected to be completed by December 31, 2026, subject to the disclosed terms. |
| Business status | SG Enterprise Solutions was incorporated on September 10, 2026, and has not yet commenced operations. Historical turnover figures are unavailable. |
| Regulatory approvals | The company stated that no additional governmental or regulatory approvals are required for the acquisition. |
What to Watch Next
Market participants will monitor whether APL Apollo sustains its quarterly revenue and profit growth in the coming periods. Attention will also be on the completion of the SG Enterprise Solutions acquisition by the expected deadline and the subsidiary's role in centralising shared corporate services as it begins operations.
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