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Apollo Pipes Results: Latest Quarterly Results & Analysis

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Apollo Pipes Ltd. 30 Oct 2025 12:17 PM
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Q2FY26 Quarterly Result Announced for Apollo Pipes Ltd.

Plastic Products company Apollo Pipes announced Q2FY26 results

  • Sales volume increased 8% YoY to 21,685 Ton.
  • Revenue decreased 6% YoY to Rs 2.4 billion.
  • EBITDA decreased 19% YoY to Rs 158 million.
  • PAT decreased 65% YoY to Rs 14 million

Sameer Gupta, Chairman & Managing Director, Apollo Pipes (APL), said: “The company has sailed through a challenging quarter for the construction material industry, impacted by macroeconomic environment, geopolitical tension, global trade uncertainty and slowdown in government spending. Our Home Plumbing and Bath Fittings industry faced significant challenges due to weak PVC resin prices and weak retail demand. Extended monsoon has affected both of our businesses - home plumbing and agricultural piping.

Despite these near-term challenges, the company expects good demand in H2FY26 backed by pickup in construction activities and improved government spending on infrastructure projects.

The company has a robust pipeline of new products, and we are on track to expand our annual capacity to 286,000 Ton in the next 2 years from current 2,26,500 Ton. We remain committed to fund business expansion from internal cashflow generation without leveraging balance sheet.”

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Plastic Products company Apollo Pipes announced Q1FY26 results

  • Sales volume decreased 3% QoQ to 25,315 Ton.
  • Revenue decreased 13% QoQ to Rs 2.8 billion.
  • EBITDA decreased 14% QoQ to Rs 207 million.
  • PAT decreased 17% QoQ to Rs 81 million.

Sameer Gupta, Chairman & Managing Director, Apollo Pipes (APL) said: “The company has sailed through a tough quarter for the construction material industry, impacted by macroeconomic environment, geopolitical tension, USA tariff uncertainty and slowdown in government spending. Our Home Plumbing and Bath Fittings industry faced significant challenges due to weak PVC resin prices and weak retail demand. The early onset of monsoon season has affected both of our businesses - home plumbing and agricultural piping.

Going forward the Company expects good demand backed by pickup in construction activities and improved government spending for infrastructure projects.

The company has a robust pipeline of new products, and we are on track to expand our annual capacity to 286,000 Ton in the next 2 years from current 2,25,500 Ton. We remain committed to fund business expansion from cashflow generation without leveraging balance sheet.”

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Plastic Products company Apollo Pipes announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Sales volume increased 22% YoY to 25,991 Ton.
  • Revenue increased 23% YoY to Rs 3.1 billion.
  • EBITDA decreased 5% YoY to Rs 240 million.
  • PAT increased 45% YoY to Rs 98 million.

FY25 Financial Highlights:

  • Sales volume increased 23% YoY to 99,705 Ton.
  • Revenue increased 20% YoY to Rs 11.8 billion.
  • EBITDA unchanged YoY to Rs 957 million.
  • PAT declined 23% YoY to Rs 326 million.

Sameer Gupta, Chairman cum Managing Director, Apollo Pipes (APL) said: “The company has sailed through FY25 with 23% YoY volume growth amid a very tough environment for the construction material industry. Our Home Plumbing and Bath Fittings industry faced significant challenges due to reduced government infrastructure spending, extreme volatile PVC resin prices and weak retail demand.

The strategic acquisition of Kisan Mouldings Limited has boosted the company’s presence in Western markets. The company has a robust pipeline of innovative products, and we are on track to expand our annual capacity to 286,000 Ton in the next 2 years from current 2,25,500 Ton. We remain committed to fund business expansion from cashflow generation without leveraging balance sheet.”

Result PDF

Plastic Products company Apollo Pipes announced Q3FY25 results

Q3FY25 Financial Highlights:

  • Sales volume increased 43% YoY, 34% QoQ to 26,987 Ton.
  • Revenue increased 39% YoY, 23% QoQ to Rs 3.1 billion.
  • EBITDA increased 16% YoY, 20% QoQ to Rs 233 million.
  • PAT increased 49% QoQ (declined 32% YoY) to Rs 62 million.

Sameer Gupta, Chairman & Managing Director, Apollo Pipes (APL) said: “The company has sailed through in 9MFY25 with 23% YoY volume growth amid a very tough environment for the construction material industry. Our Bath Fittings industry faced significant challenges due to reduced government infrastructure spending, weak retail demand and winter rainfall in South India and some Eastern states.

The strategic acquisition of Kisan Mouldings Limited has boosted the company’s presence in Western markets. The company has a robust pipeline of innovative products, and we are on track to expand our annual capacity to 286,000 Ton in the next 2 years from current 2,16,000 Ton”

Result PDF

Plastic Products company Apollo Pipes announced H1FY25 & Q2FY25 results

Q2FY25 Financial Highlights:

  • Sales volume higher 2% YoY to 20,152 Ton.
  • Revenue unchanged YoY to Rs 2.5 billion.
  • EBITDA declined 20% YoY to Rs 194 million.
  • PAT declined 68% YoY to Rs 42 million.

H1FY25 Financial Highlights:

  • Sales volume increased 14% YoY to 46,727 Ton.
  • Revenue increased by 10% YoY to Rs 5.6 billion.
  • EBITDA declined 4% YoY to Rs 484 million.
  • PAT declined 38% YoY to Rs 167 million.

Sameer Gupta, Chairman & Managing Director, Apollo Pipes Limited (APL) said:  “The company has demonstrated business momentum on the back of strategic acquisition of Kisan Mouldings Limited, which has strengthened its market footprints in the Western India.

The plastic pipe industry faced significant challenges in H1FY25 due to fluctuations in PVC resin prices, reduced government infrastructure spending, and an extended monsoon season. This sharp price volatility led to de-stocking across the entire supply chain. However, we have started to see the demand traction specialy the agriculture sector from Oct’24 which will boost our volumes going forward.

The company has a robust pipeline of innovative products. We continue to make strong inroads across cPVC, PVC-O Pipe and other value product segments. We are on track to expand our annual capacity to 286,000 Ton in the next 2 years from current 2,16,000 Ton”

Result PDF

Plastic products company Apollo Pipes announced consolidated Q1FY25 results:

  • Sales Volume increased 25%/24% YoY/QoQ to 26,562 Ton
  • Revenue increased 19%/21% YoY/ QoQ to Rs 3.1 Bn
  • EBITDA increased 11%/14% YoY/QoQ to Rs 290 Mn
  • EBITDA margin declined 66bps/55bps YoY/QoQ to 9.4%
  • PAT declined 10% YoY to Rs 125 Mn due to high depreciation but increased 86% QoQ

Commenting on the Company’s performance for Q1FY25, Sameer Gupta, Chairman cum Managing Director, Apollo Pipes (APL) said, “The company has demonstrated strong business momentum on the back of strategic acquisition of Kisan Mouldings Limited, which has strengthened its market footprints in the Western India.

With an onset of monsoon, India is witnessing good rainfall from 2nd half of June’24 in most areas which augurs well for our industry. Good traction in demand is seen from agriculture, housing and infrastructure. We remain positive on our sales volume guidance with an improving sales mix for FY25.

The company has a robust pipeline of innovative products. We continue to make strong inroads across cPVC, PVC-O Pipe and other value product segments. We are on track to expand our annual capacity to 286,000 Ton in the next 2 years from current 2,16,000 Ton”

Result PDF

Plastic Products company Apollo Pipes announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Rs 245.8 crore Revenue: 2% YoY decline and 11% QoQ increase
  • 20,550 MT Sales Volume: 10% YoY increase and 9% QoQ increase
  • Rs 24.9 crore EBITDA: 15% YoY decline and 24% QoQ increase
  • 10.1% EBITDA Margin: 154bps YoY decline and 105bps QoQ increase
  • Rs 6.5 crore PAT: 57% YoY decline and 28% QoQ decline

FY24 Financial Highlights:

  • Rs 977.1 crore Revenue: 7% YoY increase
  • 80,440 MT Sales Volume: 21% YoY increase
  • Rs 95.3 crore EBITDA: 40% YoY increase
  • 9.8% EBITDA Margin: 232bps YoY increase
  • Rs 42.4 crore PAT: 77% YoY increase

Result PDF

Plastic Products company Apollo Pipes announced Q3FY24 results:

  • Sales volume higher by 5% to 18,868 tonnes from 18,011 tonnes in Q3FY23.
  • Revenue declined by 6% to Rs 2.2 billion compared to Rs 2.4 billion in Q3FY23.
  • EBITDA increased by 25% to Rs 201 million as compared to Rs 161 million in Q3FY23.
  • Net profit increased by 87% to Rs 91 million as compared to Rs 49 million in Q3FY23.

Commenting on the Company’s performance for Q3FY24, Sameer Gupta, Chairman cum Managing Director, Apollo Pipes said, “We have reported strong 9MFY24 sales volume with a growth of 25% YoY to 59,890 Ton and, on the back of resilient operational improvement and improved demand from consumers across segments. We continue to make strong inroads across cPVC, HDPE pipe, and value-added product segments. With our upcoming expansion plan to increase our capacity to 286k in the next 3-4 years from 136k currently, we remain confident that our product portfolio along with other value-added offerings like fittings, solvents, bath fittings, adhesives, taps, and faucets will enhance our reach and strengthen sales. In addition, we are aiming towards optimally utilizing our capacities over the next coming years, which will also help augment sales volumes, going ahead”.

Result PDF

Plastic products company Apollo Pipes announced Q1FY24 results:

  • Sales volume higher by 47% to 21,219 tonnes from 14,406 tonnes in Q1FY23
  • Revenue increased by 19% to Rs 260.3 crore compared to Rs 218.9 crore in Q1FY23
  • EBITDA increased by 31% to Rs 26.2 crore as compared to Rs 20 crore in Q1FY23
  • Net profit increased by 58% Rs 13.9 crore compared to PAT of Rs 8.8 crore in Q1FY23

Commenting on the company’s performance for Q1FY24, Sameer Gupta, Chairman cum Managing Director, Apollo Pipes said, “We have reported record quarterly sales volume during the quarter with a growth of 47% YoY to 21,219 tons and, on the back of resilient operational improvement and improved demand from consumers across segments. We continue to make strong inroads across cPVC, HDPE pipe, and value-added product segments. Moving on to the operational front, the management continues to keep a strong focus on value-added products on the building products side, which continue to gain traction. We remain confident that this product along with our other value-added offerings like fittings, solvents, bath fittings, adhesives, taps, and faucets will enhance our reach and strengthen sales, going forward. In addition, we are aiming towards optimally utilizing our capacities over the next coming years, which will also help augment sales volumes, going ahead. Looking ahead, the various pro-growth measures undertaken by the Government, especially in the rural, infrastructure and agricultural space should lead to better demand and consumption of our products in the domestic market over the medium-to-longer term."

 

 

Result PDF

Plastic products company Apollo Pipes announced Q4FY23 & FY23 results:

  • Q4FY23 vs Q4FY22:
    •  Sales volume higher by 14% to 18,685 tonnes from 16,409 tonnes
    • Revenue increased by 2% to Rs 252 crore compared to Rs 247 crore
    • EBITDA increased by 4% to Rs 29 crore as compared to Rs 28 crore
    • Net profit at Rs 15 crore compared to PAT of Rs 16 crore
  • FY23 vs FY22:
    • Sales volume higher by 24% to 66,567 tonnes from 53,849 tonnes
    • Revenue increased by 17% to Rs 915 crore compared to Rs 784 crore
    • EBITDA decreased by 27% to Rs 68 crore as compared to Rs 93 crore
    • PAT at Rs 24 crore compared to PAT of Rs 50 crore

Commenting on the company’s performance for Q4 & FY23, Sameer Gupta, Chairman cum Managing Director, Apollo Pipes, said, “We have reported strong performance during the quarter with our sales volume growing by 14% YoY to 18,685 tonnes and FY23 sales volume grew by 24%, 66,567 tonnes, on the back of resilient operational improvement and improved demand from consumers across segments. We continue to make strong inroads across cPVC, HDPE pipe, and value-added product segments. The company did an annual capex of 71 crores towards enhancement of capacities, debottlenecking, and adding balancing equipment majorly into cPVC, HDPE pipes, and fittings. Moving on to the operational front, the management continues to keep a strong focus on value-added products on the building products side, which continue to gain traction. We remain confident that this product along with our other value-added offerings like fittings, solvents, bath fittings, adhesives, taps, and faucets will enhance our reach and strengthen sales, going forward. In addition, we are aiming towards optimally utilizing our capacities over the next coming years, which will also help augment sales volumes, going ahead. Looking ahead, the various pro-growth measures undertaken by the government, especially in the rural, infrastructure, and agricultural space should lead to better demand and consumption of our products in the domestic market over the medium-to-longer term. I would like to state that we are continuously working towards enhancing our presence across existing and new high-potential geographies. As we further improve our operation/capacity utilization of Raipur plant, we are confident to open up the untapped and high potential markets of Central and Eastern India supported by the expected positive trend in industrial growth for years ahead.”

 

 

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