Apollo Pipes Reports 5.6% Fall in Revenue; Q2 Net Profit Slips to ₹16 Crore

Apollo Pipes, a key player in India’s plastic piping industry, has reported a dip in its financial performance for the second quarter of the current fiscal year. The company’s results show a decline across major financial parameters, reflecting challenges within the current business landscape.

Financial Performance Overview

For the quarter ended September 2025, Apollo Pipes recorded a net profit of ₹16 crore, down 61.90% from ₹42 crore in the same period last year. The company’s EBITDA stood at ₹158 crore, compared to ₹194 crore a year ago, marking an 18.56% decline. 

The EBITDA margin contracted to 6.69%, down from 7.75% in the previous year, while revenue dropped 5.60% to ₹2,360 crore from ₹2,500 crore year-on-year.

The results were approved by the board of directors on October 29, 2025, and reviewed by the company’s statutory auditors, M/s AKGVG & Associates, Chartered Accountants.

Key Financial Indicators

Analysis of Q2 Performance

The company faced margin pressure during the quarter, likely due to cost escalations or pricing competition in the market. The fall in EBITDA and profitability suggests operational challenges, possibly linked to raw material price fluctuations or subdued demand in key end-user sectors such as construction and water management.

Despite the revenue contraction, Apollo Pipes remains among the top manufacturers in India’s PVC and HDPE piping segment. The company continues to focus on efficiency improvements and market diversification to stabilise performance in the coming quarters.

Apollo Pipes Share Price Update

As of 1:22 PM on October 30, 2025, Apollo Pipes Share Price stood at ₹299, down 3.48% from the previous session. The stock traded between ₹298 and ₹550 over the past 52 weeks, indicating moderate volatility. With a market capitalisation of ₹1,377 crore and a P/E ratio of 53.5, the stock continues to attract steady investor attention within the mid-cap manufacturing space.

Read More:Apollo Pipes Expands into UPVC Doors & Windows Profiles

Conclusion

The decline in Q2 results highlights the impact of market dynamics on operating margins and profitability. Going forward, the company’s focus on cost management, capacity utilisation, and expansion into new product segments could play a crucial role in improving future performance.

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