Apollo Pipes Limited — Updates, 07-08-2025: Press Release

Apollo Pipes reported a challenging Q1 FY26. Sales volume dropped 5% YoY to 25,315 tons. Revenue decreased 11% YoY to ₹280 Cr, EBITDA fell 29% YoY to ₹20.7 Cr, and PAT declined 35% YoY to ₹8.1 Cr. Management attributed this to tough macroeconomic conditions, weak PVC resin prices, and early monsoons impacting demand. Despite this, the company anticipates demand recovery from increased construction and government spending. Apollo Pipes is expanding annual capacity from 225,500 tons to 286,000 tons in two years, funding growth via internal cash generation. New product pipeline remains robust.