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Apollo Pipes Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book

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

Published 25 Aug 2026 | Industrial Products | Market Cap: ₹2.6K Cr

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

Rank 3
  • →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.
  • →South India plant planned, with land identified; construction to start from FY28, expanding geographic reach and revenues.
  • →CPVC segment and window profiles are key contributors to volume and revenue growth.

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

🏗️ Capital Expenditure Plans

Yes
  • →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.
  • →Focus on efficiency improvements like working capital optimization to support funding internally without raising debt or equity.
  • →New product lines like Window profiles aim to contribute 7%-8% revenue by FY27, expanding further once capacity is utilized.

See what Apollo Pipes said on fundraising & capital structure — free account, 30 seconds.

📋 Order Book & Pipeline

No information
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 - Impact of PVC resin prices and MIP on margins and inventory - Working capital management and CAPEX plans No quantitative or qualitative information on the current order book or pending orders was disclosed in the transcript.

Key Metrics

1 of 5 growth signals positive in the Q1 FY27 call.

Revenue

Rank 3

Margin

Rank 3

Capex

Yes

Fundraise

No

Order Book

No information

How does Apollo Pipes rank vs peers in Industrial Products?

Pro feature
1Apollo Pipes
Rev 3Mar 3

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Price

₹660

Market Cap

₹2.6K Cr

Apollo Pipes — Quarterly revenue & net profit

Revenue Net Profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹347 Cr, net profit ₹0 Cr.

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What Apollo Pipes's management said in earlier quarters

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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 concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.