Investor Presentation
APOLLOPIPE · price
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Apollo Pipes reported challenging FY26 results with revenue declining 6% YoY to Rs 1,105 Cr and PAT falling 77% YoY to Rs 7.5 Cr. Q4FY26 showed sequential recovery with revenue of Rs 347 Cr (up 10% YoY) and PAT of Rs 1 Cr versus a loss in Q3. EBITDA margin compressed to 6.0% for FY26 from 8.1% in FY25 due to PVC resin price volatility, unseasonal rainfall, and subdued infrastructure spending. Management attributed these pressures as largely transient and expects significantly better FY27 performance as raw material prices stabilize. The company targets 25%+ revenue growth CAGR over the next three years and plans capacity expansion from 240,000 to 288,000 Ton within two years, funded from internal cash flows.
Margin pressure and declining profitability in FY26 are concerning, but sequential Q4 recovery and management's optimistic FY27 outlook provide some comfort. The capacity expansion plans and 25% revenue growth target signal growth ambitions despite near-term headwinds.