Apollo Pipes Ltd
Apollo Pipes Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Q4 FY '26 volume target: 32,000-35,000 tons, aiming to close FY '26 at 106,000-107,000 tons vs. Apollo Pipes anticipates strong Q4 FY '26 sales volume growth, targeting 32,000-35,000 tons for the quarter, potentially closing FY '26 at 106,000-107,000 tons (vs.
From Apollo Pipes Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Q4 FY '26 volume target: 32,000-35,000 tons, aiming to close FY '26 at 106,000-107,000 tons vs. 99,000 tons in FY '25.
- Expect high single-digit volume growth for FY '26 due to strong Q4 performance.
- FY '27: Anticipate high double-digit volume growth driven by:
- Varanasi plant ramp-up serving East Indian markets.
- Kisan Mouldings volume increase (targeting 70% utilization from current 40% within 2 years).
- New product lines like UPVC window and door frames.
- Increased contribution from water tanks and CPVC segments.
- Housing plumbing segment targeted to grow from 60% to 70-75% of sales in next 2 years.
- Aggressive pricing strategy adopted to capture market share.
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
- FY '26 CAPEX: Rs. 150 crores (Rs. 125 crores in 9 months + Rs. 25 crores in Q4)
- FY '27 CAPEX Budget: Around Rs. 75-100 crores including:
- Rs. 25-30 crores to acquire land for South India plant
- Rs. 50 crores for ongoing expansions (new lines and brownfield)
- Potential Rs. 25-30 crores additional for Kisan plant modernization
- Kisan Plant: Planned Rs. 30-40 crores investment over next 2 years to modernize and increase capacity by 15-20%
- New Plant: Varanasi plant expected to commence operations soon, targeting incremental sales in Eastern India
2 more points management made on capital expenditure plans
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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
- There was no explicit mention of the exact current or expected orderbook/pending orders during the call.
- Management highlighted that government infrastructure demand remains muted with slow government CAPEX for water infrastructure over the last 24 months.
- Payment clearance for existing government projects is awaited, impacting revival.
- The company is not heavily relying on government demand for FY '27 and FY '28.
- Focus is more on Housing Plumbing segment, which is growing and expected to expand from 60% to 70-75% of sales.
- Seasonality and real estate project closures in Q4 are expected to drive volume growth and sales traction.
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.
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What Apollo Pipes's management said in earlier quarters
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Frequently Asked Questions
What were Apollo Pipes Ltd Q3 FY26 results?
Q4 FY '26 volume target: 32,000-35,000 tons, aiming to close FY '26 at 106,000-107,000 tons vs. Apollo Pipes anticipates strong Q4 FY '26 sales volume growth, targeting 32,000-35,000 tons for the quarter, potentially closing FY '26 at 106,000-107,000 tons (vs.
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?
FY '26 CAPEX: 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.