Apollo Pipes Limited (APOLLOPIPE) Latest Updates

Financial Performance & DividendFY26 Annual Results: For the full year ending March 2026, the company reported consolidated revenue of ₹1,104.9 crore, a 6% decline compared to the previous year. Net profit saw a sharp drop of approximately 77% year-on-year, finishing at ₹7.5 crore due to margin pressures and inventory-related headwinds. Q4 Highlights: In the final quarter (Jan–Mar 2026), revenue stood at ₹347 crore, showing a 10% year-on-year growth. However, on a consolidated basis, the company reported a marginal net loss of ₹12.8 lakh for the quarter. Dividend Recommendation: Despite the dip in annual profit, the Board has recommended a final dividend of ₹0.70 per equity share (7% on face value) for FY26, subject to shareholder approval. Operational Milestones & ExpansionMirzapur Plant Commissioning: On April 14, 2026, Apollo Pipes officially commenced commercial production at its new greenfield manufacturing facility in Mirzapur (near Varanasi), Uttar Pradesh. This plant adds 30,000 MTPA to the company's total capacity. Capacity Targets: With the Mirzapur plant now operational and the earlier Dadri expansion complete, the company is working toward a total production capacity target of 286,000 tonnes by 2028. Product Diversification: The company is actively expanding its footprint in the housing segment, specifically focusing on uPVC doors and windows and high-margin CPVC pipes to diversify away from standard agricultural pipes. Leadership & Corporate Changes Board Restructuring: Effective May 8, 2026, Mr. Sanjay Gupta has been appointed as the Chairman of the Board. Mr. Sameer Gupta, who previously held the Chairman position, continues in his role as the Managing Director.