Apollo Pipes' Q3 FY 2025-26 Quarterly Results

Result Summary

• Apollo Pipes Ltd reported a 2.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 19.6%.
• Its expenses for the quarter were up by 6.7% QoQ and down 15.6% YoY.
• The net profit decreased 441.7% QoQ and decreased 174.3% YoY.
• The earnings per share (EPS) of Apollo Pipes Ltd declined at 1.08 during Q3 FY 2025-26.

Financial Statments for Q3 FY 2025-26

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Apollo Pipes Ltd is a prominent player in the Indian piping industry. Known for manufacturing a diverse range of piping solutions, the company’s portfolio includes products like uPVC pipes, cPVC pipes, HDPE pipes, and plumbing systems. These products cater to various sectors such as agriculture, infrastructure, and construction. Apollo Pipes has established itself as a leader through innovative products and a commitment to quality, serving a broad customer base across India. As of the most recent updates, there are no major developments disclosed in the available data.

Revenue

In the third quarter of the fiscal year 2026 (Q3FY26), Apollo Pipes Ltd reported a total income of ₹247.75 crores. This represents a quarter-over-quarter (QoQ) increase of 2.8% compared to ₹241.07 crores in Q2FY26. However, when compared year-over-year (YoY) to Q3FY25, the total income has declined by 19.6% from ₹308.20 crores. This reveals a notable reduction in revenue generation over the year, despite a slight improvement from the previous quarter.

Profitability

The financial performance of Apollo Pipes Ltd in terms of profitability for Q3FY26 shows a significant decline. The company recorded a loss before tax of ₹5.06 crores, contrasting with a profit before tax of ₹4.11 crores in Q2FY26 and ₹8.64 crores in Q3FY25. This marks a QoQ decline of 223.1% and a YoY decrease of 158.6%. Consequently, the profit after tax for Q3FY26 was a loss of ₹4.75 crores, compared to a profit of ₹1.39 crores in Q2FY26 and ₹6.39 crores in Q3FY25, indicating a QoQ change of -441.7% and a YoY change of -174.3%. The earnings per share (EPS) also reflected this downturn, with a negative ₹1.08 in Q3FY26, down from ₹0.31 in Q2FY26 and ₹1.45 in Q3FY25, showing a QoQ decline of 448.4% and a YoY decline of 174.5%.

Operating Metrics

In terms of operating costs, Apollo Pipes Ltd's total expenses in Q3FY26 were ₹252.81 crores, a 6.7% increase from ₹236.96 crores in Q2FY26. Comparing these expenses YoY, there was a decrease of 15.6% from ₹299.56 crores in Q3FY25. The increase in expenses QoQ, despite a decrease in total income, may have impacted the company’s profitability. Tax expenses also saw significant changes; with a tax benefit of ₹0.31 crores in Q3FY26, compared to a tax expense of ₹2.73 crores in Q2FY26 and ₹2.26 crores in Q3FY25, showcasing a QoQ change of -111.4% and a YoY change of -113.7%. These figures reflect the financial adjustments in response to the net loss reported in the latest quarter.

This financial report provides a detailed view of Apollo Pipes Ltd's key financial metrics for Q3FY26, juxtaposed with previous quarters and the same quarter in the prior year, offering insights into the company's financial health and operational adjustments.