APLAPOLLO Q4 FY26 Guidance vs Delivery (APLAPOLLO Management Mirror)

Volume and Growth Targets

Management targets FY27 volume growth of 15% to 20%, alongside 20% to 25% EBITDA growth and 25% to 30% PAT growth, pivoting toward profitability over aggressive volume pushing amid macro disruptions. Near-term volumes are projected at ~300,000 tons in May'26 and 350,000 tons in Jun'26. Previously, in Sep'25 Qtr, FY26 volume growth was guided at 10% to 15%. This was subsequently upgraded in Dec'25 Qtr to a firm 20% growth target for FY27 (minimum 4.2 million tons), but the Mar'26 Qtr outlook reflects a slight moderation to the 15% to 20% range. [Status: Downgraded]