Apollo Pipes Ltd
Apollo Pipes Q1 FY26 earnings call: Revenue & Margins
Q1 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Apollo Pipes targets long-term revenue growth of 20%-25% by continuously introducing new products that can contribute 5%-10% to overall revenue. - For the UPVC door and window segment, commercial production began recently, with expected full-year revenue of around Rs. Apollo Pipes aims for 20%-25% long-term revenue growth driven by new product introductions and channels (Page 15). - Operating margins expected to improve as capacity utilization rises from current low levels (Page 13). - EBITDA is projected to grow sharply as revenue moves from ~Rs.
From Apollo Pipes Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Apollo Pipes targets long-term revenue growth of 20%-25% by continuously introducing new products that can contribute 5%-10% to overall revenue.
- For the UPVC door and window segment, commercial production began recently, with expected full-year revenue of around Rs. 50 crores, mainly in the second half.
- The company plans double-digit sales volume growth for FY '26, expecting low to mid double-digit growth depending on how Q2 pans out.
- Capacity will increase from around 230,000 tons to 285,000 tons in the next 1-1.5 years, aiming for Rs. 3,000 crore revenue in 3-4 years, translating to a market share of about 5%.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Apollo Pipes Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Current capacity is around 230,000 tons; target to increase to 285,000 tons in 1-1.5 years.
- Residual CAPEX of around Rs. 100 crores to achieve this capacity; Rs. 68-69 crores spent in Q1, balance Rs. 70-80 crores over next 3 quarters, with some residual Rs. 30-40 crores in FY '26.
- No new Greenfield plant immediately planned, but a plant in South India is a future wish, potentially requiring Rs. 150-200 crores, to be funded from internal cash flows.
- Installed new machinery for newer product categories like DWC pipes using Brownfield CAPEX (small investments without Greenfield CAPEX) to diversify portfolio.
- New Varanasi plant (East India) to start towards end of current calendar year to capture new market.
2 more points management made on capital expenditure plans
Top-ranked in Industrial Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Apollo Pipes Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- UPVC door and window segment: Commercial production started about 15 days ago. Order booking is in the initial phase as the company is aggressively pitching to contractors, real estate companies, and government agencies.
- Full-year revenue from UPVC segment is expected around Rs. 50 crores, mostly coming in the second half of the fiscal year.
- New product lines such as DWC pipes are being introduced through Brownfield CAPEX (installation of machines in existing plants without Greenfield investments). This strategy is aimed at portfolio diversification with small investments.
- The company expects these new product segments to start contributing meaningfully in the coming quarters.
2 more points management made on order book & pipeline
Apollo Pipes Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹347 Cr, net loss ₹0 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Apollo Pipes's management said in earlier quarters
Others in Industrial Products this season
- Graphite India Ltd (Q1 FY26)
665 Crores, down 8.7% y-o-y (Page 9, 4) . Key concall takeaways from Graphite India Ltd's Q1 FY26 earnings call — and how it ranks against sector peers.
- PTC Industries Ltd (Q1 FY26)
Q1FY26 Total Income was ₹107.7 crores, up 113.2% YoY from ₹50.5 crores in Q1FY25. Key concall takeaways from PTC Industries Ltd's Q1 FY26 earnings call — and…
- Dhabriya Polywood Ltd (Q1 FY26)
Revenue from Operations for Q1 FY26 is INR 6,209.1 lakhs, up 5.8% year-on-year from INR 5,869.5 lakhs in Q1 FY25. Key concall takeaways from Dhabriya Polywood…
- Scoda Tubes Ltd (Q1 FY26)
Revenue from operations for Q1 FY26: INR 97.4 crores, up 6% YoY from INR 91.9 crores in Q1 FY25 (Page 35 and Page 7) . Key concall takeaways from Scoda Tubes…
Frequently Asked Questions
What were Apollo Pipes Ltd Q1 FY26 results?
Apollo Pipes targets long-term revenue growth of 20%-25% by continuously introducing new products that can contribute 5%-10% to overall revenue. - For the UPVC door and window segment, commercial production began recently, with expected full-year revenue of around Rs. Apollo Pipes aims for 20%-25% long-term revenue growth driven by new product introductions and channels (Page 15). - Operating margins expected to improve as capacity utilization rises from current low levels (Page 13). - EBITDA is projected to grow sharply as revenue moves from ~Rs.
What is Apollo Pipes Ltd share price analysis?
Apollo Pipes Ltd currently shows a neutral. The stock trades at a P/E of N/A with a market cap of ₹2,250 Cr. Investors should review the full earnings analysis for detailed insights.
Is Apollo Pipes Ltd planning capital expenditure?
Current capacity is around 230,000 tons; target to increase to 285,000 tons in 1-1.5 years. - Residual CAPEX of around Rs.
Keep Apollo Pipes Ltd on your radar — track it to get its next earnings analysis in your feed.
This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.