AP

Apollo Pipes

Q1 FY27Industrial Products

Apollo Pipes Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹660
Market cap₹2.6K Cr
Updated25 Aug 2026
Read4 min read

What the Q1 FY27 call signalled

1 of 4 strong

RevenueModerate growth
MarginMargins steady
CapexCapex planned
FundraiseNo fundraise planned

The short version

Apollo Pipes targets high double-digit volume growth in coming years, including FY27. Apollo Pipes targets high double-digit volume growth in the coming years, including FY27, supported by new plants and product ramp-ups such as Varanasi and Maharashtra plants and Window profiles.

From Apollo Pipes's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Revenue & Sales Performance

Moderate growth
  • Apollo Pipes targets high double-digit volume growth in coming years, including FY27.
  • Q1 FY27 was flat YoY, but Q2 and subsequent quarters are expected to show double-digit growth YoY.
  • Long-term goal (by FY31): Four large plants across India, each generating Rs. 800-1,000 crore revenue with 10%+ EBITDA margins from PVC pipes.
  • New products (window profiles, water tank, bath fittings) expected to add ~Rs. 1,000 crore revenue in next 4-5 years.
  • Varanasi plant ramp-up: 30% capacity utilization in FY27, increasing to 70% by FY29, aiding revenue growth.

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Profitability & Margins

See what Apollo Pipes said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned
  • Apollo Pipes plans a total CAPEX of around Rs. 200 crores over FY27 and FY28, approximately Rs. 100 crores each year.
  • This CAPEX will fund pending projects at Varanasi, ongoing brownfield expansions, new product additions, and the South India plant.
  • Land for the South India plant has been identified; acquisition expected to be completed in FY27, with plant construction potentially starting in Q2 FY28.
  • The company aims for Rs. 600-700 crores CAPEX over five years for growth, primarily funded (70%-80%) through internal cash flows; partial debt or equity issuance is possible if needed.

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Top-ranked in Industrial Products

Ranked on what management guided this quarter

Guidance-ranked
Rev 1Mar 1
Rev 1Mar 1
3
Rev 1Mar 1
4
Rev 1Mar 3
5
Rev 1Mar 3
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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 said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript provided does not mention any details regarding the current or expected order book or pending orders for Apollo Pipes Limited. The discussion primarily focuses on topics such as: - Revenue targets and capacity utilization of plants (e.g., Varanasi, South India expansion) - Cost synergies from the Kisan merger - Regional geographic coverage and plant strategy - Demand outlook across segments like agriculture, plumbing, infrastructure

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Apollo Pipes — Quarterly revenue & net profit

Revenue Net profit Net loss
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹347 Cr, net loss ₹0 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Apollo Pipes Q1 FY27 results?

Apollo Pipes targets high double-digit volume growth in coming years, including FY27. Apollo Pipes targets high double-digit volume growth in the coming years, including FY27, supported by new plants and product ramp-ups such as Varanasi and Maharashtra plants and Window profiles.

What is Apollo Pipes share price analysis?

Apollo Pipes currently shows a below-average growth signal. The stock trades at a P/E of N/A with a market cap of ₹2,650 Cr. Investors should review the full earnings analysis for detailed insights.

Is Apollo Pipes planning capital expenditure?

Apollo Pipes plans a total CAPEX of around Rs.

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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.