{"id":105304,"date":"2026-06-03T12:19:39","date_gmt":"2026-06-03T06:49:39","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=105304"},"modified":"2026-06-03T12:19:40","modified_gmt":"2026-06-03T06:49:40","slug":"metals-stocks-q4-results-fy26-hindalco-apl-apollo-axis-buy","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/metals-stocks-q4-results-fy26-hindalco-apl-apollo-axis-buy\/","title":{"rendered":"Metals Stocks Q4 Results FY26: Hindalco and APL Apollo Deliver Record Earnings; Axis Securities Maintains Buy on Both"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p>Metals stocks Q4 results for FY26 have confirmed that India-centric aluminium, copper, and structural steel tube manufacturers are in their strongest earnings cycle in years. Hindalco Industries and APL Apollo Tubes, the two top picks from Axis Securities after the metals stocks Q4 results season, delivered record or near-record operational metrics driven by elevated global metal prices, India&#8217;s infrastructure investment cycle, and company-specific operational improvements that are compounding returns.<\/p>\n<p>The metals stocks Q4 results season message is clear: India&#8217;s domestic metals businesses are outperforming global peers. Hindalco&#8217;s India Aluminium Upstream EBITDA reached a record Rs 5,448 crore and Copper EBITDA hit a record Rs 907 crore. APL Apollo&#8217;s EBITDA per ton of Rs 5,525 is sustainable per management, and the company is guiding for FY27 PAT growth of 25-30%. Both stocks are trading with relatively modest declines on June 3 (Hindalco -1.35% at Rs 1130.8, APL Apollo -0.34% at Rs 1763.2), outperforming the broader Nifty IT-led selloff that has dragged the Nifty 50 down 1.14% today.<\/p>\n<p><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=metals-stocks-q4-results-fy26\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/metals-stocks-q4-results-fy26-hindalco-apl-apollo-axis-buy\/#Metals_Stocks_Q4_Results_FY26_Hindalco_vs_APL_Apollo_Side-by-Side\" title=\"Metals Stocks Q4 Results FY26: Hindalco vs APL Apollo Side-by-Side\">Metals Stocks Q4 Results FY26: Hindalco vs APL Apollo Side-by-Side<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/metals-stocks-q4-results-fy26-hindalco-apl-apollo-axis-buy\/#Hindalco_Metals_Stocks_Q4_Results_Record_India_Business_Novelis_Recovery_on_Track\" title=\"Hindalco Metals Stocks Q4 Results: Record India Business, Novelis Recovery on Track\">Hindalco Metals Stocks Q4 Results: Record India Business, Novelis Recovery on Track<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/metals-stocks-q4-results-fy26-hindalco-apl-apollo-axis-buy\/#APL_Apollo_Metals_Stocks_Q4_Results_Sustainable_EBITDA_Per_Ton_and_Strong_FY27_Guidance\" title=\"APL Apollo Metals Stocks Q4 Results: Sustainable EBITDA Per Ton and Strong FY27 Guidance\">APL Apollo Metals Stocks Q4 Results: Sustainable EBITDA Per Ton and Strong FY27 Guidance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/metals-stocks-q4-results-fy26-hindalco-apl-apollo-axis-buy\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/metals-stocks-q4-results-fy26-hindalco-apl-apollo-axis-buy\/#Frequently_Asked_Questions_on_Metals_Stocks_Q4_Results_FY26\" title=\"Frequently Asked Questions on Metals Stocks Q4 Results FY26\">Frequently Asked Questions on Metals Stocks Q4 Results FY26<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/metals-stocks-q4-results-fy26-hindalco-apl-apollo-axis-buy\/#Which_metals_stocks_Q4_results_were_strongest_in_FY26\" title=\"Which metals stocks Q4 results were strongest in FY26?\">Which metals stocks Q4 results were strongest in FY26?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/metals-stocks-q4-results-fy26-hindalco-apl-apollo-axis-buy\/#What_did_Axis_Securities_say_about_metals_stocks_Q4_results\" title=\"What did Axis Securities say about metals stocks Q4 results?\">What did Axis Securities say about metals stocks Q4 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/metals-stocks-q4-results-fy26-hindalco-apl-apollo-axis-buy\/#How_did_Hindalco_perform_in_metals_stocks_Q4_results\" title=\"How did Hindalco perform in metals stocks Q4 results?\">How did Hindalco perform in metals stocks Q4 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/metals-stocks-q4-results-fy26-hindalco-apl-apollo-axis-buy\/#How_did_APL_Apollo_Tubes_perform_in_metals_stocks_Q4_results\" title=\"How did APL Apollo Tubes perform in metals stocks Q4 results?\">How did APL Apollo Tubes perform in metals stocks Q4 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/metals-stocks-q4-results-fy26-hindalco-apl-apollo-axis-buy\/#What_is_the_broader_metals_sector_performance_on_June_3_2026\" title=\"What is the broader metals sector performance on June 3, 2026?\">What is the broader metals sector performance on June 3, 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/metals-stocks-q4-results-fy26-hindalco-apl-apollo-axis-buy\/#What_is_the_outlook_for_metals_stocks_after_Q4_results\" title=\"What is the outlook for metals stocks after Q4 results?\">What is the outlook for metals stocks after Q4 results?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Metals_Stocks_Q4_Results_FY26_Hindalco_vs_APL_Apollo_Side-by-Side\"><\/span><strong>Metals Stocks Q4 Results FY26: Hindalco vs APL Apollo Side-by-Side<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Metric<\/th>\n<th>Hindalco Industries (NSE:HINDALCO)<\/th>\n<th>APL Apollo Tubes (NSE:APLAPOLLO)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>CMP (3 June 2026)<\/td>\n<td>Rs 1130.8 (-1.35%)<\/td>\n<td>Rs 1763.2 (-0.34%)<\/td>\n<\/tr>\n<tr>\n<td>Previous Close<\/td>\n<td>Rs 1146.3<\/td>\n<td>Rs 1769.2<\/td>\n<\/tr>\n<tr>\n<td>Q4 FY26 Revenue<\/td>\n<td>Rs 78,133 Cr (+20% QoQ, record)<\/td>\n<td>Rs 6,269 Cr (+13.8% YoY)<\/td>\n<\/tr>\n<tr>\n<td>Q4 FY26 EBITDA<\/td>\n<td>Rs 11,197 Cr (+9%, record)<\/td>\n<td>Rs 547.52 Cr (+22% YoY)<\/td>\n<\/tr>\n<tr>\n<td>Q4 FY26 Reported PAT<\/td>\n<td>Rs 2,597 Cr (Oswego fire impact)<\/td>\n<td>Rs 354 Cr (+20.9% YoY)<\/td>\n<\/tr>\n<tr>\n<td>Q4 FY26 PAT (excl. exceptional)<\/td>\n<td>Rs 5,796 Cr (+10% YoY)<\/td>\n<td>N\/A<\/td>\n<\/tr>\n<tr>\n<td>Key Operational Record<\/td>\n<td>India Al Upstream EBITDA Rs 5,448 Cr (+13%); Copper EBITDA Rs 907 Cr (+48%)<\/td>\n<td>EBITDA\/ton Rs 5,525 (+58 bps margin); EBITDA margin 8.73%<\/td>\n<\/tr>\n<tr>\n<td>India Full-Year EBITDA<\/td>\n<td>Rs 22,671 Cr (32% CAGR, 5 years)<\/td>\n<td>Standalone FY26 PAT Rs 547 Cr<\/td>\n<\/tr>\n<tr>\n<td>FY27 Growth Guidance<\/td>\n<td>Bay Minette hot mill H2 2026; Oswego restart<\/td>\n<td>PAT +25-30%; Volume +15-20%; EBITDA +20-25%<\/td>\n<\/tr>\n<tr>\n<td>Dividend<\/td>\n<td>Rs 5\/share (expected FY26)<\/td>\n<td>Rs 8.50\/share (declared)<\/td>\n<\/tr>\n<tr>\n<td>Axis Securities Rating<\/td>\n<td>Buy | Target Rs 880<\/td>\n<td>Buy | Target Rs 2,100<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div style=\"background: #E8EAFF; border-radius: 14px; padding: 28px 32px 24px 32px; margin: 24px 0; font-family: -apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,sans-serif; cursor: pointer; max-width: 100%; box-sizing: border-box;\">\n<p style=\"font-size: 20px; font-weight: bold; color: #0a0a23; margin: 0 0 12px 0; line-height: 1.3;\">3 Stocks Building Serious Momentum Right Now<\/p>\n<p style=\"font-size: 15px; color: #3a3a5c; margin: 0 0 14px 0; line-height: 1.6;\">When <strong style=\"color: #0a0a23;\">Univest analysts<\/strong> identify high-conviction stock opportunities, <em>investors pay attention.<\/em><\/p>\n<p style=\"font-size: 15px; color: #3a3a5c; margin: 0 0 14px 0; line-height: 1.6;\">Our research team has now shortlisted the <strong style=\"color: #0a0a23;\">Top Stocks to Buy<\/strong> based on current market momentum, sector trends &amp; growth potential for 2026.<\/p>\n<ul style=\"margin: 0 0 16px 20px; padding: 0; color: #3a3a5c; font-size: 15px; line-height: 1.8;\">\n<li>Discover stocks investors are actively accumulating<\/li>\n<li>High-conviction opportunities backed by research<\/li>\n<li>Designed for the next phase of market growth<\/li>\n<\/ul>\n<p style=\"font-size: 15px; color: #3a3a5c; margin: 0 0 20px 0;\">Unlock the latest <strong style=\"color: #3b7fff;\">Top Stock Picks<\/strong> now on Univest<\/p>\n<p><a style=\"display: inline-block; background: #3B7FFF; color: #fff; font-size: 15px; font-weight: 600; padding: 13px 28px; border-radius: 50px; letter-spacing: 0.2px; text-decoration: none;\" href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=metals-stocks-q4-results-hindalco-apollo\" target=\"_blank\" rel=\"noopener\">See the Stocks \u2192<\/a><\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Hindalco_Metals_Stocks_Q4_Results_Record_India_Business_Novelis_Recovery_on_Track\"><\/span><strong>Hindalco Metals Stocks Q4 Results: Record India Business, Novelis Recovery on Track<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Hindalco&#8217;s metals stocks Q4 results for FY26 are best understood by separating the India business from the Novelis US business. India delivered outstanding metrics: Aluminium Upstream EBITDA at a record Rs 5,448 crore with an EBITDA margin of 48% and EBITDA per tonne at an all-time high $1,756. Copper EBITDA at a record Rs 907 crore, up 48%, benefiting from elevated LME copper prices. Aluminium Downstream EBITDA at an all-time high Rs 255 crore, up 16%, driven by a favourable product mix. India full-year EBITDA of Rs 22,671 crore with a 32% CAGR over five years is a landmark that MD Satish Pai highlighted as demonstrating the company&#8217;s structural operational improvement over the medium term.<\/p>\n<p>Novelis, the US subsidiary, faced headwinds from the Oswego plant fire (exceptional charge impacting reported PAT to Rs 2,597 crore), but the underlying business momentum was strong: adjusted EBITDA of $459 million per tonne despite lower volumes, and cost savings of over $125 million exited from FY26. The Bay Minette greenfield US plant began commissioning the cold mill in March 2026, with the hot mill expected in H2 2026. The Oswego hot mill restart is now ahead of schedule. These Novelis recovery milestones provide the volume growth catalyst for Hindalco&#8217;s metals stocks Q4 results momentum to translate into earnings growth in FY27-28.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"APL_Apollo_Metals_Stocks_Q4_Results_Sustainable_EBITDA_Per_Ton_and_Strong_FY27_Guidance\"><\/span><strong>APL Apollo Metals Stocks Q4 Results: Sustainable EBITDA Per Ton and Strong FY27 Guidance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>APL Apollo Tubes&#8217; metals stocks Q4 results demonstrated that the structural steel tube business is delivering consistent profitability improvement. Revenue grew 13.8% year-on-year to Rs 6,269 crore, PAT grew 20.9% to Rs 354 crore, and EBITDA grew 22% to Rs 547.52 crore. The standout metric in the metals stocks Q4 results was EBITDA per ton of Rs 5,525, confirmed by management as sustainable with a two-year track record of Rs 5,000-5,500 per ton. EBITDA margin expanded 58 basis points to 8.73%, reflecting the higher-value Direct Forming Technology structural tube mix and brand premium.<\/p>\n<p>Management&#8217;s FY27 guidance for APL Apollo post the metals stocks Q4 results is ambitious but credible given the two-year track record: PAT growth of 25-30%, volume growth of 15-20%, and EBITDA growth of 20-25%. The company&#8217;s dividend of Rs 8.50 per share declared for FY26 reflects robust free cash flow and management confidence in sustaining high returns. APL Apollo is targeting 5 million tonnes annual volume capacity by FY28, driven by India&#8217;s construction, infrastructure, and manufacturing sector demand for high-quality structural steel tubes.<\/p>\n<p><a href=\"https:\/\/univest.in\/screeners\"><strong>Track Hindalco, APL Apollo, and all metals stocks Q4 results and CMPs live on the Univest Screener.<\/strong><\/a><\/p>\n<p><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track metals stocks live price and get real-time alerts.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Metals stocks Q4 results for FY26 confirm Hindalco and APL Apollo as two of the strongest performers in the Indian metals and mining sector, with record operational metrics that justify Axis Securities&#8217; Buy ratings at targets of Rs 880 and Rs 2,100 respectively. Today&#8217;s CMPs of Rs 1130.8 for Hindalco and Rs 1763.2 for APL Apollo reflect mild selling in a broad market down session, not fundamental deterioration from the metals stocks Q4 results. Elevated aluminium and copper prices, India infrastructure buildout, and company-specific expansion catalysts provide a constructive medium-term outlook. The key risk remains a global metal price correction from US rate hikes or China slowdown. This does not constitute investment advice.<\/p>\n<p><em>Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_Metals_Stocks_Q4_Results_FY26\"><\/span><strong>Frequently Asked Questions on Metals Stocks Q4 Results FY26<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_metals_stocks_Q4_results_were_strongest_in_FY26\"><\/span><strong>Which metals stocks Q4 results were strongest in FY26?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Among metals stocks Q4 results for FY26, Hindalco Industries and APL Apollo Tubes delivered the strongest performances. Hindalco&#8217;s metals stocks Q4 results showed record consolidated revenue of Rs 78,133 crore (+20% QoQ), record consolidated EBITDA of Rs 11,197 crore (+9%), record India Aluminium Upstream EBITDA of Rs 5,448 crore (+13%), and record Copper EBITDA of Rs 907 crore (+48%). APL Apollo Tubes&#8217; metals stocks Q4 results showed revenue of Rs 6,269 crore (+13.8% YoY), PAT of Rs 354 crore (+20.9% YoY), and EBITDA per ton of Rs 5,525, which management considers sustainable. Both companies demonstrated that India-centric metals businesses are in a structural outperformance cycle driven by elevated metal prices and domestic infrastructure demand.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_did_Axis_Securities_say_about_metals_stocks_Q4_results\"><\/span><strong>What did Axis Securities say about metals stocks Q4 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> After reviewing the metals stocks Q4 results for FY26, Axis Securities maintained Buy ratings on both Hindalco Industries and APL Apollo Tubes. For Hindalco, the target price is Rs 880, citing the record India Aluminium Upstream, Downstream, and Copper EBITDA performance. For APL Apollo, the target price is Rs 2,100, citing the company&#8217;s record performance and sustainable EBITDA per ton trajectory. Axis Securities noted that the sector delivered solid operational performances amid a volatile macro environment in the metals stocks Q4 results season, with both companies showing resilience despite global macro uncertainty from US rate-hike fears and geopolitical developments.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_did_Hindalco_perform_in_metals_stocks_Q4_results\"><\/span><strong>How did Hindalco perform in metals stocks Q4 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Hindalco Industries delivered record metals stocks Q4 results for FY26 on its India business. Consolidated revenue: Rs 78,133 crore (+20% QoQ, record). Consolidated EBITDA: Rs 11,197 crore (+9%, record). Consolidated PAT: Rs 2,597 crore (down YoY due to Oswego fire exceptional charge). Excluding exceptional items, PAT was Rs 5,796 crore (+10% YoY). India Aluminium Upstream EBITDA: record Rs 5,448 crore (+13%), EBITDA\/tonne at all-time high $1,756 (+4%), EBITDA margin 48%. Copper EBITDA: record Rs 907 crore (+48%). India full-year FY26 EBITDA: Rs 22,671 crore with a 32% CAGR over five years. MD Satish Pai stated: &#8216;Hindalco delivered strong results, led by an outstanding performance by its India business.&#8217; The company&#8217;s current metals stocks Q4 results trading price is Rs 1130.8 (prev close Rs 1146.3).<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_did_APL_Apollo_Tubes_perform_in_metals_stocks_Q4_results\"><\/span><strong>How did APL Apollo Tubes perform in metals stocks Q4 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> APL Apollo Tubes delivered strong metals stocks Q4 results with revenue growing 13.8% YoY to Rs 6,269 crore, PAT growing 20.9% to Rs 354 crore, and EBITDA growing 22% to Rs 547.52 crore. EBITDA margin expanded 58 basis points to 8.73%. EBITDA per ton was Rs 5,525, called sustainable by management, with a two-year track record of Rs 5,000-5,500 per ton. APL Apollo guided FY27 PAT growth of 25-30%, volume growth of 15-20%, and EBITDA growth of 20-25%. Dividend declared: Rs 8.50 per share. Volume target: 5 million tonnes by FY28. The current APL Apollo CMP is Rs 1763.2 (prev close Rs 1769.2, -0.34%).<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_broader_metals_sector_performance_on_June_3_2026\"><\/span><strong>What is the broader metals sector performance on June 3, 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The metals sector is showing mixed performance on June 3, 2026 (as of ~11:42 AM). Gainers include NATIONALUM (Rs 436.35, +0.45%), NMDC (Rs 95.64, +0.35%), and WELCORP (Rs 1,391.20, +0.32%), benefiting from their PSU status and relatively lower macro sensitivity. Among fallers, Hindalco is down 1.35% to Rs 1130.8, APL Apollo down 0.34% to Rs 1763.2, Vedanta down 1.74%, Hindzinc down 1.94%, and Adani Enterprises down 2.13%. The metals sector is underperforming the broader market slightly as Iran-driven crude oil fears compress risk appetite and FII selling affects all cyclical sectors. However, the structural fundamental case from the metals stocks Q4 results remains intact.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_outlook_for_metals_stocks_after_Q4_results\"><\/span><strong>What is the outlook for metals stocks after Q4 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The outlook for metals stocks after Q4 results for FY26 is constructive on a 12-18 month view. For Hindalco, the Oswego hot mill restart (commissioning ahead of schedule per management), Bay Minette hot mill commissioning in H2 2026, copper recycling project nearing completion, and the Aditya Aluminium capacity doubling are all volume growth catalysts that should add to the already-record India business performance. For APL Apollo, management&#8217;s FY27 guidance of 25-30% PAT growth and 15-20% volume growth reflects structural demand from India&#8217;s housing and infrastructure construction boom. Elevated global aluminium and copper prices driven by EV adoption, renewable energy infrastructure, and grid upgrades remain the primary macro tailwind for metals stocks Q4 results momentum. The key risk is a global demand slowdown from US rate hikes or China economic weakness softening commodity prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Metals stocks Q4 results FY26: Hindalco revenue Rs 78,133 Cr (+20%, record), EBITDA Rs 11,197 Cr (+9%), India Al Upstream EBITDA Rs 5,448 Cr (+13%), Copper EBITDA Rs 907 Cr (+48%). APL Apollo PAT +20.9% Rs 354 Cr, EBITDA\/ton Rs 5,525. Axis Securities Buy: Hindalco target Rs 880, APL Apollo Rs 2,100. CMPs: HINDALCO Rs 1130.8, APLAPOLLO Rs 1763.2. 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