Apollo Pipes Limited has informed the Exchange about Outcome of Board Meeting held on May 07, 2026
APOLLOPIPE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Apollo Pipes Limited reported FY2026 standalone revenue of Rs. 8,874 lakh (down from Rs. 9,257 lakh in FY2025), with net profit dropping sharply to Rs. 1,219 lakh from Rs. 3,082 lakh - a 60% decline. Consolidated results showed revenue of Rs. 11,049 lakh and a steeper profit fall to Rs. 466 lakh from Rs. 3,409 lakh. The Board recommended a dividend of Rs. 0.70 per share (7% face value). Key leadership changes include appointment of Mr. Sanjay Gupta as Non-Executive Chairman (effective May 8), while Mr. Sameer Gupta continues as Managing Director. Mr. Ashok Kumar Gupta resigned citing other professional commitments. The company also approved a Stock Appreciation Rights Scheme 2026 with a pool of 25 lakh SAR units for employees. The auditors issued unmodified (clean) opinions on both standalone and consolidated financial statements.
The sharp profit decline despite relatively modest revenue drop signals margin compression and operational challenges. The leadership transition and SAR scheme may provide some positive sentiment, but the weak earnings will likely weigh on the stock. The clean audit opinion removes any concern about financial reporting quality.