Apollo Pipes Reports Q3FY26 Financial Results with Revenue Decline
Filing Summary
Apollo Pipes Limited has released its unaudited financial results for Q3FY26, reporting a 20% year-over-year decrease in revenue to INR 2.5 billion. The company also reported a loss of INR 33 million, contrasting with a profit of INR 62 million in the same quarter last year. Sales volume decreased by 6% to 25,386 tons. The company plans to expand its annual capacity to 286,000 tons over the next two years. The results reflect challenges in the construction material industry, including a construction ban in Delhi-NCR and fluctuating PVC resin prices.
Apollo Pipes Limited has announced its unaudited financial results for the quarter ended December 31, 2025. The company reported a revenue of INR 2.5 billion, marking a 20% decrease compared to the same period in the previous year. The company experienced a net loss of INR 33 million, a significant change from the INR 62 million profit reported in Q3FY25. Sales volume for the quarter was 25,386 tons, representing a 6% decline year-over-year.
Financially, Apollo Pipes reported an EBITDA of INR 120 million, which is a 48% decrease from the previous year. The EBITDA margin stood at 4.9%, down from 7.6% in Q3FY25. The company’s cash profit for the quarter was INR 11.9 crore, reflecting a 34% decrease year-over-year. The net debt at the end of Q3FY26 was INR 28 crore, compared to a net cash position of INR 46 crore in FY25.
Operationally, Apollo Pipes is focusing on expanding its production capacity. The company plans to increase its annual capacity to 286,000 tons within the next two years, up from the current 226,500 tons. This expansion includes the commissioning of new manufacturing units and the introduction of new product lines, such as uPVC window doors and profiles, which began in July 2025.
The timeline for these expansions is set over the next two years, with a focus on enhancing capacity at existing facilities and establishing new units in strategic locations. The company aims to improve its market presence and distribution network to meet increasing demand across India.
The primary entities involved in these operations include Apollo Pipes and its subsidiaries. The company is leveraging its extensive distribution network, which includes over 1,000 channel partners, to enhance its market reach. The management team is focused on optimizing operational efficiencies and expanding the product portfolio to cater to various industrial applications.
The market context for Apollo Pipes includes challenges such as the construction ban in the Delhi-NCR region due to pollution, a subdued macroeconomic environment, and fluctuating PVC resin prices. These factors have impacted demand in the home plumbing and bath fittings industry. However, the company anticipates recovery in PVC prices and improved demand conditions in the coming quarters.
Apollo Pipes Limited is a leading provider of piping solutions in India, known for its high-quality products and extensive distribution network. The company operates seven manufacturing facilities across India, producing a diverse range of products for agriculture, water management, construction, infrastructure, and telecom ducting segments. Apollo Pipes is committed to expanding its capacity and product offerings to meet the growing demand in the domestic market.