New Delhi, October 29, 2025:
Apollo Pipes Limited reported a decline in profit for the quarter ended September 30, 2025, as softer demand and higher material costs weighed on margins.
The company’s revenue from operations stood at Rs 235.7 crore, down 6% year-on-year (YoY) from Rs 250.4 crore in the same quarter last year. Sequentially, revenue also declined 14% from Rs 275 crore reported in Q1 FY26.
Net profit for the quarter came in at Rs 13.9 crore, a 65% drop YoY from Rs 39.5 crore reported a year earlier. On a sequential basis, profit also fell sharply from Rs 81.6 crore in Q1 FY26.
EBITDA (calculated from operating data) is estimated at Rs 28 crore, down from Rs 35.7 crore last year, translating to an EBITDA margin of roughly 11.8%, compared to 14.3% in the same quarter last year.
Total expenses for the quarter were Rs 236.9 crore, reflecting higher employee and other operating costs, while cost of materials consumed stood at Rs 159.6 crore.
Half-year performance
For H1 FY26, Apollo Pipes reported revenue of Rs 510.7 crore, down 8% YoY, while net profit fell 46% YoY to Rs 9.5 crore from Rs 17.8 crore in H1 FY25.
Outlook
Management attributed the weaker quarterly performance to fluctuating PVC resin prices and subdued demand from rural and infrastructure sectors. The company remains focused on expanding its product mix and maintaining cost efficiencies as it heads into the second half of FY26.
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