Apollo Pipes Reports Decline in Q2 Financial Performance

Apollo Pipes , a leading player in the plastic piping industry, has reported a decline in its financial performance for the second quarter of the fiscal year. The company's latest financial results reveal a downturn across key metrics, indicating challenges in the current business environment.

Financial Highlights

The company's quarterly performance shows a significant decrease in profitability and a slight dip in revenue. Here's a breakdown of the key financial metrics:

Metric	Q2 Current Year	Q2 Previous Year	Change
EBITDA	₹158.00 crore	₹194.00 crore	-18.56%
EBITDA Margin	6.69%	7.75%	-1.06 percentage points
Net Profit	₹16.00 crore	₹42.00 crore	-61.90%
Revenue	₹2,360.00 crore	₹2,500.00 crore	-5.60%

Performance Analysis

The financial results indicate a challenging quarter for Apollo Pipes:

EBITDA Decline: The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased by 18.56% year-over-year, falling from ₹194.00 crore to ₹158.00 crore.
Margin Pressure: The EBITDA margin contracted by 1.06 percentage points, dropping from 7.75% to 6.69%. This suggests increased cost pressures or pricing challenges in the market.
Profitability Impact: The most significant decline was observed in the company's net profit, which fell by 61.90% from ₹42.00 crore in the previous year to ₹16.00 crore in the current quarter.
Revenue Contraction: Apollo Pipes experienced a 5.60% decrease in revenue, with the figure dropping from ₹2,500.00 crore to ₹2,360.00 crore year-over-year.

Market Implications

The decline in financial performance may raise concerns among investors and stakeholders about the company's near-term growth prospects. Factors such as raw material costs, competitive pressures, or changes in demand dynamics could be contributing to the observed financial trends.

As per the LODR data, the company's board of directors approved these unaudited financial results in a meeting held on October 29, 2025. The results have been reviewed by M/s AKGVG & Associates, Chartered Accountants, the statutory auditors of the company.

Investors and market analysts will likely be watching closely for any guidance or commentary from Apollo Pipes' management regarding strategies to improve performance in the coming quarters. The company's ability to manage costs, enhance operational efficiency, and potentially explore new growth avenues may be critical in addressing the current downtrend in financial metrics.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.67%	-4.48%	-7.38%	-23.06%	-39.25%	+99.36%

Apollo Pipes Limited, a leading player in the pipes and fittings industry, has announced its audited financial results for the quarter and year ended March 31, 2022, showcasing a mixed performance with strong volume growth but a slight dip in profitability for the quarter.

Q4FY22 Performance Highlights

Apollo Pipes demonstrated robust growth in its Q4FY22 operations:

Sales volume increased by 26% year-over-year to 16,409 tons
Revenue surged by 42% to Rs. 247.50 crore
EBITDA grew by 5% to Rs. 28.40 crore
Net profit, however, declined by 6% to Rs. 15.60 crore

FY22 Annual Performance

For the full fiscal year 2022, Apollo Pipes reported strong growth across key financial metrics:

Metric	FY22 Value	YoY Growth
Sales Volume	53,849 tons	14%
Revenue	Rs. 784.10 crore	51%
EBITDA	Rs. 93.40 crore	26%
Net Profit	Rs. 49.80 crore	12%

Dividend Declaration and Board Changes

The Board of Directors has recommended a final dividend of 10% (Rs. 1 per share) for the fiscal year 2022, subject to shareholders' approval.

In addition to the financial results, Apollo Pipes announced changes to its board composition:

Mr. Ashok Kumar Gupta has been appointed as an Additional Director
Mr. Saket Agarwal has resigned from his position as Non-Executive Director

Capacity Enhancement and Future Outlook

Apollo Pipes continues to focus on expanding its manufacturing capabilities:

Invested Rs. 41.00 crore in annual capex for capacity enhancement
Focus areas include cPVC, HDPE pipes, and fittings
Current total annual capacity stands at 125,200 MTPA across five manufacturing facilities

Looking ahead, the company has set an ambitious target of achieving 25% revenue growth over the next three years, indicating confidence in its growth strategy and market demand.

Conclusion

Apollo Pipes Limited's Q4FY22 and FY22 results reflect a company in growth mode, with significant increases in sales volume and revenue. While the quarterly net profit saw a slight decline, the overall annual performance remains strong. The company's focus on capacity enhancement and its optimistic growth targets suggest a positive outlook for the future, despite the challenges faced in the last quarter.