Apollo Pipes Limited Reports Q1 FY27 Financial Results: Consolidated Revenue Up 7.4% YoY to ₹295.43 Crore; Net Loss at ₹11.11 Crore

Apollo Pipes Limited (CIN: L65999DL1985PLC022723), one of India's leading piping solutions providers, has announced its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026 (Q1 FY27).

Despite registering steady year-on-year (YoY) top-line growth driven by higher demand across its piping and fitting portfolios, higher overall operational expenditures and inventory adjustments weighed on profitability, resulting in net losses for the quarter.

Consolidated Financial Performance Overview

For Q1 FY27, Apollo Pipes reported consolidated revenue from operations of ₹29,543.49 lakh (₹295.43 crore), marking a 7.43% YoY increase compared to ₹27,500.16 lakh in Q1 FY26. Sequentially, operational revenue declined by 14.87% quarter-on-quarter (QoQ) from ₹34,702.04 lakh recorded in Q4 FY26.

Total consolidated income for the quarter stood at ₹29,765.46 lakh (up 7.07% YoY from ₹27,800.42 lakh in Q1 FY26), after accounting for other income and gains of ₹221.97 lakh.

Consolidated Expenses & Profitability Breakdown

Total consolidated expenses for Q1 FY27 surged to ₹31,029.12 lakh, up 15.40% YoY from ₹26,887.72 lakh in Q1 FY26, though down 10.60% QoQ from ₹34,708.91 lakh in Q4 FY26.

Key consolidated expense lines include:

Cost of Materials Consumed: ₹23,053.86 lakh (up 8.54% YoY from ₹21,239.42 lakh in Q1 FY26).

Changes in Inventories (Finished Goods, WIP & Stock-in-Trade): Negative ₹1,126.56 lakh (against negative ₹2,586.43 lakh in Q1 FY26).

Employee Benefit Expense: ₹2,718.27 lakh (up 15.23% YoY from ₹2,358.93 lakh in Q1 FY26).

Finance Costs: Stood at ₹303.51 lakh (up 24.64% YoY from ₹243.51 lakh in Q1 FY26).

Depreciation & Amortization: ₹1,486.56 lakh (up 22.69% YoY from ₹1,211.65 lakh in Q1 FY26).

Other Expenses: Increased by 14.16% YoY to ₹4,324.02 lakh (compared to ₹3,787.53 lakh in Q1 FY26).

Profitability & Net Loss Metrics

Profit Before Tax (PBT): Slipped into a loss of ₹1,263.66 lakh (negative ₹12.64 crore), compared to a PBT of ₹912.70 lakh in Q1 FY26 and ₹142.60 lakh in Q4 FY26.

Tax Expenses: Net tax credit of ₹152.17 lakh (entirely deferred tax benefit).

Net Loss After Tax (PAT): Came in at ₹1,111.49 lakh (negative ₹11.11 crore), compared to a net profit of ₹816.12 lakh in Q1 FY26 and a net loss of ₹12.80 lakh in Q4 FY26.

PAT Attributable to Parent Owners: Stood at a loss of ₹856.91 lakh (against a profit of ₹813.63 lakh in Q1 FY26).

PAT Attributable to Non-Controlling Interest (NCI): Stood at a loss of ₹254.58 lakh.

Total Comprehensive Income: Stood at negative ₹1,104.15 lakh (after adding ₹7.34 lakh from Other Comprehensive Income).

Consolidated EPS: Basic and diluted EPS (face value ₹10 per share) stood at ₹(2.52) per share, down from ₹1.85 in Q1 FY26.

Standalone Performance Summary

On a standalone basis, Apollo Pipes recorded operational revenue growth alongside margin contraction:

Revenue from Operations: Reached ₹24,432.43 lakh (₹244.32 crore), reflecting a 11.05% YoY growth compared to ₹22,000.77 lakh in Q1 FY26. Sequentially, revenue fell 12.28% from ₹27,852.33 lakh in Q4 FY26.

Total Income: Stood at ₹24,652.87 lakh (incorporating other income of ₹220.44 lakh).

Total Standalone Expenses: Increased to ₹25,244.85 lakh from ₹21,370.80 lakh in Q1 FY26.

Profit Before Tax (PBT): Slipped into a loss of ₹591.98 lakh, down from a PBT of ₹907.87 lakh in Q1 FY26 and ₹479.01 lakh in Q4 FY26.

Standalone Net Profit / (Loss): Reported a net loss of ₹439.81 lakh (negative ₹4.40 crore), compared to a net profit of ₹811.29 lakh in Q1 FY26 and ₹323.61 lakh in Q4 FY26.

Standalone EPS: Basic and diluted EPS came in at ₹(1.00) per share.

Commenting on the Company's performance for Q1FY27, Mr. Sameer Gupta, Managing Director, Apollo Pipes (APL) said, "The PVC industry was impacted during Q1FY27 driven by sharp fluctuations in polymer prices. The steep price correction during April prompted channel partners to defer purchases and rationalize inventories, resulting in subdued demand across Home Plumbing and Bath Fittings industry.

As inventory levels across the distribution channel normalize and demand gradually revives, the Company expects business activity and volume growth to improve over the coming quarters. With PVC prices stabilizing, we are confident of delivering a significantly better performance in H2FY27.

The company has a robust pipeline of new and value-added products and is confident of delivering an improved performance in the coming year and creating long term value for all stakeholders. We are on track to expand our annual capacity to 288,000 Ton in the next 2 years from current 2,40,000 Ton. We remain committed to fund business expansion from internal cashflow generation without leveraging balance sheet."

Shares of Apollo Pipes Limited was last trading in BSE at Rs. 491.65 as compared to the previous close of Rs. 500.80. The total number of shares traded during the day was 26586 in over 774 trades.

The stock hit an intraday high of Rs. 519.00 and intraday low of 486.00. The net turnover during the day was Rs. 13342675.00.

Source : Equity Bulls

Keywords

ApolloPipes INE126J01016 Q1FY27 Q1FY2027 ResultUpdate