Apollo Pipes Limited has informed the Exchange about Investor Presentation
APOLLOPIPE · price
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Awaiting price reaction for this filing.
Apollo Pipes reported a weak Q1FY26 with consolidated revenue of ₹275 Cr, down 11% YoY and 13% QoQ. EBITDA fell 29% YoY to ₹20.7 Cr with margins contracting 187bps to 7.5%, and PAT dropped 35% YoY to ₹8.1 Cr. Sales volume declined 5% YoY to 25,315 MT. Management blamed macro headwinds, weak PVC resin prices, sluggish retail demand, early monsoon, and lower government spending. Despite the weak quarter, the company remains net cash positive at ₹52 Cr and reiterated plans to expand capacity from 2,25,500 to 2,86,000 tons over the next two years, targeting 25%+ revenue CAGR over the next three years without leveraging the balance sheet.
Shareholders should view this quarter negatively given broad-based declines across volume, revenue, margins, and profits, though the net cash balance sheet and capacity expansion plans provide some comfort. Near-term stock sentiment may stay weak until demand from construction and government infrastructure spending picks up as management expects.