Apollo Pipes Limited — Updates, 27-01-2025: Press Release

**Financial Highlights:** Apollo Pipes reported Q3FY25 consolidated sales volume at 26,987 MT, up 43% YoY and 34% QoQ. Revenue increased by 39% YoY and 23% QoQ to ₹307.9 Cr, while EBITDA rose 16% YoY and 20% QoQ to ₹23.3 Cr. PAT was ₹6.2 Cr, marking a 32% decrease YoY but a significant 49% rise QoQ.

**Strategic Initiatives and Growth Drivers:** The company is experiencing volume growth despite challenges in the construction materials sector. The recent acquisition of Kisan Mouldings enhances its reach in Western markets, aligning with its goal to increase annual capacity to 286,000 tons within two years.

**Business Developments:** Apollo Pipes is expanding its product portfolio and maintaining a strong pipeline of innovative products, which may enhance competitive advantage and market presence.

**Market Position and Competitive Advantage:** With over 2,600 product varieties and a robust distribution network of 1,000+ partners, Apollo Pipes is well-positioned within the burgeoning Indian PVC pipes market, projected to grow at a 15% CAGR through FY27.

**Investor Implications:** Given the strong quarterly performance and strategic initiatives, Apollo Pipes offers a positive outlook for continued growth and resilience in a challenging market, making it a stock to watch closely for potential upside.