Plastic Products company Apollo Pipes announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Sales volume increased 22% YoY to 25,991 Ton. Revenue increased 23% YoY to Rs 3.1 billion. EBITDA decreased 5% YoY to Rs 240 million. PAT increased 45% YoY to Rs 98 million. FY25 Financial Highlights: Sales volume increased 23% YoY to 99,705 Ton. Revenue increased 20% YoY to Rs 11.8 billion. EBITDA unchanged YoY to Rs 957 million. PAT declined 23% YoY to Rs 326 million. Sameer Gupta, Chairman cum Managing Director, Apollo Pipes (APL) said: “The company has sailed through FY25 with 23% YoY volume growth amid a very tough environment for the construction material industry. Our Home Plumbing and Bath Fittings industry faced significant challenges due to reduced government infrastructure spending, extreme volatile PVC resin prices and weak retail demand. The strategic acquisition of Kisan Mouldings Limited has boosted the company’s presence in Western markets. The company has a robust pipeline of innovative products, and we are on track to expand our annual capacity to 286,000 Ton in the next 2 years from current 2,25,500 Ton. We remain committed to fund business expansion from cashflow generation without leveraging balance sheet.” Result PDF
Plastic Products company Apollo Pipes announced Q3FY25 results Q3FY25 Financial Highlights: Sales volume increased 43% YoY, 34% QoQ to 26,987 Ton. Revenue increased 39% YoY, 23% QoQ to Rs 3.1 billion. EBITDA increased 16% YoY, 20% QoQ to Rs 233 million. PAT increased 49% QoQ (declined 32% YoY) to Rs 62 million. Sameer Gupta, Chairman & Managing Director, Apollo Pipes (APL) said: “The company has sailed through in 9MFY25 with 23% YoY volume growth amid a very tough environment for the construction material industry. Our Bath Fittings industry faced significant challenges due to reduced government infrastructure spending, weak retail demand and winter rainfall in South India and some Eastern states. The strategic acquisition of Kisan Mouldings Limited has boosted the company’s presence in Western markets. The company has a robust pipeline of innovative products, and we are on track to expand our annual capacity to 286,000 Ton in the next 2 years from current 2,16,000 Ton” Result PDF
Conference Call with Apollo Pipes Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
Plastic Products company Apollo Pipes announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Sales volume higher 2% YoY to 20,152 Ton. Revenue unchanged YoY to Rs 2.5 billion. EBITDA declined 20% YoY to Rs 194 million. PAT declined 68% YoY to Rs 42 million. H1FY25 Financial Highlights: Sales volume increased 14% YoY to 46,727 Ton. Revenue increased by 10% YoY to Rs 5.6 billion. EBITDA declined 4% YoY to Rs 484 million. PAT declined 38% YoY to Rs 167 million. Sameer Gupta, Chairman & Managing Director, Apollo Pipes Limited (APL) said: “The company has demonstrated business momentum on the back of strategic acquisition of Kisan Mouldings Limited, which has strengthened its market footprints in the Western India. The plastic pipe industry faced significant challenges in H1FY25 due to fluctuations in PVC resin prices, reduced government infrastructure spending, and an extended monsoon season. This sharp price volatility led to de-stocking across the entire supply chain. However, we have started to see the demand traction specialy the agriculture sector from Oct’24 which will boost our volumes going forward. The company has a robust pipeline of innovative products. We continue to make strong inroads across cPVC, PVC-O Pipe and other value product segments. We are on track to expand our annual capacity to 286,000 Ton in the next 2 years from current 2,16,000 Ton” Result PDF
Plastic products company Apollo Pipes announced consolidated Q1FY25 results: Sales Volume increased 25%/24% YoY/QoQ to 26,562 Ton Revenue increased 19%/21% YoY/ QoQ to Rs 3.1 Bn EBITDA increased 11%/14% YoY/QoQ to Rs 290 Mn EBITDA margin declined 66bps/55bps YoY/QoQ to 9.4% PAT declined 10% YoY to Rs 125 Mn due to high depreciation but increased 86% QoQ Commenting on the Company’s performance for Q1FY25, Sameer Gupta, Chairman cum Managing Director, Apollo Pipes (APL) said, “The company has demonstrated strong business momentum on the back of strategic acquisition of Kisan Mouldings Limited, which has strengthened its market footprints in the Western India. With an onset of monsoon, India is witnessing good rainfall from 2nd half of June’24 in most areas which augurs well for our industry. Good traction in demand is seen from agriculture, housing and infrastructure. We remain positive on our sales volume guidance with an improving sales mix for FY25. The company has a robust pipeline of innovative products. We continue to make strong inroads across cPVC, PVC-O Pipe and other value product segments. We are on track to expand our annual capacity to 286,000 Ton in the next 2 years from current 2,16,000 Ton” Result PDF