Apollo Pipes Reports Q1 Financial Results and Board Approves Multiple Key Appointments
Apollo Pipes Limited has reported its Q1 FY24 financial results. On a consolidated basis, the company achieved a revenue of ₹27,500.16 lakh and a net profit of ₹816.12 lakh. The company also announced several corporate developments, including the re-appointment of Mr. Arun Agarwal as Joint Managing Director and the appointment of new auditors. Additionally, Apollo Pipes increased its stake in subsidiary Kisan Mouldings Limited by 1% to 58.6%.
14Jul 25
Apollo Pipes Expands Portfolio with Launch of UPVC Doors and Windows
Apollo Pipes Limited has launched a new product line of UPVC doors and windows, marking its entry into the building materials segment. The company has commenced production with an annual capacity of 4,000 tons, offering over 250 different products in this category. This strategic move aims to capitalize on the growing demand for energy-efficient building materials in India's domestic market.
13May 25
Apollo Pipes Unveils Ambitious Growth Targets for FY '26 and '27
Apollo Pipes Limited has announced aggressive growth targets, aiming for a volume range of 25,000 to 30,000 tons by FY '26, exceeding their previously guided 25% volume growth. The company plans to add an additional 8,000 to 9,000 tons to its production capacity in FY '27. These targets signal strong market demand for plastic piping solutions and Apollo Pipes' commitment to expansion and market leadership.
10May 25
Apollo Pipes Reports Mixed Q4 Results with Revenue Growth but Lower EBITDA
Apollo Pipes announced its Q4 FY results, showing a 20.77% increase in revenue to ₹3.14 billion. However, EBITDA decreased by 5.51% to ₹240.00 million, and the EBITDA margin contracted to 7.64% from 9.94% year-over-year. The results indicate strong sales growth but challenges in maintaining profitability.