APOLLOPIPE Apollo Pipes Q3 FY26 results (Oct–Dec 2025) and concall
Apollo Pipes faced a challenging first 9 months of FY26 with flat sales volumes due to market headwinds and price volatility, leading to negative volume growth and margin compression in Q3. However, management is confident of a strong Q4, citing recent 25% Y-o-Y sales growth, strategic market share expansion, and upcoming capacity additions like the Varanasi plant. The company continues its CAPEX plans without debt and expects inventory levels to normalize.
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What they filed
Q3 FY26: revenue down 19.8%, net profit down 183.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 250 | 308 | 315 | 275 | 236 −6% | 247 −20% |
| EBITDA | 19 | 23 | 24 | 21 | 16 −16% | 12 −48% |
| Net profit | 4 | 6 | 10 | 8 | 1 −75% | -5 −183% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
