Apollo Pipes Limited has informed the Exchange regarding a press release dated May 10, 2025, titled "Press Release".
APOLLOPIPE · price
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Awaiting price reaction for this filing.
Apollo Pipes reported Q4FY25 consolidated revenue of Rs 314.8 Cr, up 23% YoY, with PAT of Rs 9.8 Cr jumping 45% YoY. For full year FY25, revenue grew 20% YoY to Rs 1,182 Cr on 23% volume growth to 99,705 tonnes, but PAT declined 23% YoY to Rs 32.6 Cr and EBITDA was flat at Rs 95.7 Cr as EBITDA margin compressed 162 bps to 8.1%. The company turned net cash with Rs 46 Cr on the balance sheet versus Rs 7 Cr net debt in FY24, supported by a Rs 194 Cr capital raise during the year. Management cited a tough environment marked by reduced government infrastructure spending, volatile PVC resin prices, and weak retail demand, particularly in Home Plumbing and Bath Fittings. The company reiterated its plan to expand capacity from 225,500 tonnes to 286,000 tonnes over 2-3 years, targeting 25%+ revenue CAGR over the next three years, funded entirely from internal cashflows.
Mixed signals for shareholders — strong volume growth and improving net cash position are positives, but declining margins and a 23% drop in full-year PAT reflect ongoing cost and demand pressures. The multi-year capacity and revenue growth targets signal management confidence, but execution on margins will be key to watch.