Gujarat Apollo Industries Limited has informed the Exchange about Adoption of new line(s) of business
GUJAPOLLO · price
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Gujarat Apollo Industries' board approved entry into two new business segments: Road Construction Equipment (asphalt plants, paver finishers, bitumen sprayers, etc.) with an investment of about Rs 50 crore over 3 years, and Material Handling Equipment (pick and carry cranes) with about Rs 15 crore over 2 years. The board also approved unaudited Q1 FY26 results, with standalone revenue from operations falling sharply to Rs 6.62 crore from Rs 14.36 crore a year ago, and a small standalone loss before tax of Rs 0.24 crore. On a consolidated basis, revenue grew to Rs 11.08 crore from Rs 8.53 crore, but profit after tax dropped to Rs 1.29 crore from Rs 4.23 crore. The 38th AGM is set for September 30, 2025, with the record date for dividend fixed as September 23, 2025.
The diversification into road construction and material handling equipment signals a strategic push to grow beyond the core construction and mining machinery business, with about Rs 65 crore planned over the next 2-3 years. However, weak standalone Q1 results and declining profitability may temper near-term investor enthusiasm despite the long-term growth intent.