Apollo Pipes has reported its audited financial results for the fiscal year ending March 31, 2026, revealing a consolidated revenue of ₹1,104.9 crore, marking a 6% decrease compared to the previous year. Despite the decline in revenue, the company achieved a sales volume of 1,03,752 metric tonnes, representing a 4% year-on-year increase.
The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) for FY26 stood at ₹66.5 crore, reflecting a 31% decrease from the previous fiscal year. The EBITDA margin also saw a reduction, falling by 208 basis points to 6.0%.
Profit after tax (PAT) for the year was reported at ₹7.5 crore, a significant 77% decrease year-on-year. Cash profit for FY26 amounted to ₹64.4 crore, which is a 17% decline compared to the previous year.
In terms of financial health, Apollo Pipes reported net debt of ₹40 crore, contrasting with a net cash position of ₹46 crore in FY25. The return on capital employed (ROCE) and return on equity (ROE) were reported at 1.1% and 0.8% respectively, both showing a decline from the previous year.
For the fourth quarter of FY26, Apollo Pipes reported a revenue of ₹347 crore, a 10% increase year-on-year and a 40% increase quarter-on-quarter. The sales volume for the quarter was 31,366 metric tonnes, which is a 21% increase year-on-year and a 24% increase quarter-on-quarter.
The EBITDA for Q4FY26 was ₹18.0 crore, reflecting a 25% year-on-year decrease but a 50% quarter-on-quarter increase. The EBITDA margin for the quarter was 5.2%, a decrease of 244 basis points year-on-year but an increase of 34 basis points quarter-on-quarter.
Apollo Pipes also reported a profit of ₹1.0 crore for Q4FY26, compared to a loss of ₹3.3 crore in Q3FY26. Cash profit for the quarter was ₹16.0 crore, a 27% year-on-year decrease but a 34% quarter-on-quarter increase.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).