Apollo Pipes Limited has informed the Exchange regarding Board meeting held on August 07, 2025 for approval of Unaudited Standalone & Consolidated Financial Results for the Quarter ended 30th June, 2025
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Apollo Pipes reported a weak Q1 FY26 with consolidated revenue from operations falling about 10% year-on-year to Rs 27,500 lakh (from Rs 30,850 lakh in Q1 FY25). Net profit dropped sharply by around 41% to Rs 816 lakh from Rs 1,388 lakh a year ago, with EPS falling to Rs 1.85 from Rs 3.36. Standalone numbers were similarly weak, with revenue down about 8% to Rs 22,001 lakh and net profit down roughly 25% to Rs 811 lakh. On the corporate side, the Board re-appointed Mr. Arun Agarwal as Joint Managing Director for 3 years from April 1, 2026, and approved the appointment of M/s AKGVG & Associates as the new statutory auditor for 5 years, replacing VAPS & Co whose term ends at the 39th AGM. The company also acquired an additional 1% stake in subsidiary Kisan Mouldings Limited for Rs 4.95 crore, taking its holding to 58.6%.
The steep fall in both revenue and profit is likely to weigh negatively on short-term stock sentiment, though the company remains profitable and continues to consolidate its subsidiary. Existing shareholders should note the change in statutory auditor and the upcoming share dilution potential from the Rs 110 crore warrants already allotted.