Apollo Pipes Ltd. · NSE:APOLLOPIPE
Apollo Pipes — Q2 FY2026 Earnings Presentation
39 slides from Apollo Pipes's earnings presentation, Oct 29, 2025
Slide 1: Exchange filing cover letter for earnings presentation
October 29, 2025 To The National Stock Exchange of India Limited Department of Corporate Services/Listing Exchange Plaza, 5th Floor, BSE Limited Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Bandra (East), Dalal Street, Fort, Mumbai – 400 051 Mumbai – 400 001 NSE Symbol: AP
Slide 2: Apollo Pipes Ltd. Q2FY26 Earnings Presentation
APOLLO PIPES LTD. Q2FY26 EARNINGS PRESENTATION Oct 2025 www.apollopipes.com 1
Slide 3: Safe harbour
Safe harbour Except for the historical information contained herein, statements in this presentation and the subsequent discussions, which include words or phrases such as "will", "aim", "will likely result", "would", "believe", "may", "expect", "will continue", "anticipate", "estimate", "intend", "
Slide 4: Table of Content
Table of Content 1 Apollo Pipes Overview 2 Growth Levers 3 Macro-Growth Drivers 4 5 6 www.apollopipes.com Future 5 Year Financial Q2FY26 Outlook Highlights Highlights 3
Slide 5: Company Overview
www.apollopipes.com COMPANY OVERVIEW 4
Slide 6: Apollo Pipes at a Glance
Apollo Pipes at a Glance Amongst the Top 6 7 leading PVC pipe 226,500 Ton 1,000+ manufactures in India Capacity Manufacturing Plants Channel Partners 17% 24% 16% www.apollopipes.com 3,000+ 5-year Sales Volume 5-year Revenue 5-year EBITDA SKU’s CAGR CAGR CAGR 5
Slide 7: Q2FY26 at a Glance
Q2FY26 AT A GLANCE ₹236 Cr 21,685 MT ₹15.8 Cr 6.7% Sales Volume EBITDA EBITDA Margin Revenue 7.6% YoY increase 19% YoY decrease 106bps YoY decrease 6% YoY decrease 14% QoQ decrease 24% QoQ decrease 83bps QoQ decrease 14% QoQ decrease ₹1.6 Cr ₹15.9Cr 4.1% 2.2% PAT Cash Profit ROCE in Q2FY26 ROE in Q2
Slide 8: H1FY26 at a Glance
H1FY26 AT A GLANCE ₹510.7 Cr 46,999 MT ₹36.4 Cr 7.1% Sales Volume EBITDA EBITDA Margin Revenue 1% YoY increase 25% YoY decline 152bps YoY decline 9%YoY decrease ₹9.8 Cr ₹36.4Cr 4.1% 2.2% PAT Cash Profit ROCE in H1FY26 ROE in H1FY26 41% YoY decline 5% YoY decline 4.2% in FY25 7.3% in FY25 www.apollop
Slide 9: Apollo Pipes at a Glance: Key Focus Areas
Apollo Pipes at a Glance Agriculture Segment Water Management Construction Segment Oil & Gas Segment Telecom Ducting Segment • Casing pipes • Hot & cold potable water • Sanitation & Sewage pipes Conveying edible oils and • Drip irrigation & distribution & transportation • Plumbing Pipes chemicals &
Slide 10: Product Portfolio
Product Portfolio Diversified Basket of 3,000+ Products www.apollopipes.com 9
Slide 11: Successful Journey of Apollo Pipes
Successfull Journey of Apollo Pipes • New manufacturing unit Commissioning • Commercial PVC pipe • Started manufacturing uPVC • Largest plastic piping Concluded promoter • Introduced eco water tank. started in Varanasi. manufacturing plumbing pipes fittings with solution company infusion of 142 cror
Slide 12: Brand Ambassador Amitabh Bachchan and TV Commercial
Announced Mr. Amitabh Bachchan as 1 Brand Ambassador New Tv Commercial Launched on 2 19th December 2023 3 7.3 Million Views 4 3.5 Million Views www.apollopipes.com 11
Slide 13: Raveena Tandon Appointed as Brand Ambassador
1 Raveena Tandon Appointed as Brand Ambassador 2 Social Media campaign launched in Q3FY22 continue to garner good response 8.5 Million Followers Bath Fitting 3 (On Raveena’s Platform) 6.8 Million Followers www.apollopipes.com Digital Campaign, Packaging promotions 4 etc 12
Slide 14: Our Environment, Social, Governance and Safety Policy
Our Environment, Social, Governance and Safety Policy Cost Savings and Energy conservation are one of the key focus areas for Apollo Pipes • Installed rooftop solar plant at Dadri for optimum utilsation of energy Apollo Pipes Ltd. achieves 82nd • Evaluating opportunities to install rooftop solar pla
Slide 15: Growth Levers
www.apollopipes.com GROWTH LEVERS 14
Slide 16: Strategic acquisition of Kisan Mouldings
Strategic acquisition of Kisan Mouldings • Established in 1982 with 40+ yr. old legacy brand • Have a capacity of ~58k Ton • Apollo pipes investment amounted to Rs 146 Cr for acquiring majority stake (58.6%) in Kisan. • Wide range of SKU’s including Plastic Pipes and fittings for building and agricu
Slide 17: Strategic venture with Lubrizol Advanced Material
Strategic venture with Lubrizol Advanced Material Apollo Pipes has entered into a partnership with Lubrizol, for the supply of CPVC Resin manufactured using Lubrizol’s proprietory TempRite® Technology. This collaboration strengthens product performance and documentation standards, and supports spec-
Slide 18: Key Business Strength
Key Business Strength Expanding footprint in India Catering to multiple sectors – Agriculture, Water Management, Infrastructure Proven expertise in complex Strong and highly experienced Management projects Team Multiple and efficient product offerings – Advanced equipment & technology – 3,000+ products
Slide 19: Diversified Product Portfolio
Diversified Product Portfolio with total offerings at 3,000+, Aiming to achieve 4,000+ products to the basket • CPVC Pipes and Fittings • uPVC Pipes and Fittings • PPR-C Pipes and Fittings • Agri Pipes and Fittings • SWR Drainage System • uPVC Column Pipes • Well Casing Pipes • UGD Pipes • HDPE Pipes
Slide 20: Capacity Expansion to aid long-term growth plan
Capacity Expansion to aid long-term growth plan Available Capacity 226,500 MTPA Ahmedabad, Bengaluru and Raipur www.apollopipes.com line for the value-added products at new locations 19
Slide 21: Macro Growth Drivers
MACRO GROWTH DRIVERS www.apollopipes.com 20
Slide 22: PVC Pipe Industry
PVC Pipe Industry The Indian PVC pipes and fittings market expected to register 15% CAGR during FY24 - FY27 • The domestic plastic pipes industry size at ~ ₹ 350Bn • Organized players account for ~70% market share • Key features of plastic pipes against other pipes - Lightweight - Ease of transportat
Slide 23: At the Forefront of multiple sector trends
At the Forefront of multiple sector trends Urban Infrastructure & Construction Water Management Agriculture Focus • Infrastructure push - plumbing and • Rehabilitation of aging pipelines and • Improving irrigation schemes for distribution requirements installation of new pipes in transportation farm
Slide 24: Future Outlook
www.apollopipes.com FUTURE OUTLOOK 23
Slide 25: Capacity expansion plan
Capacity expansion plan Existing capacity Ongoing expansion Organic growth Current capacity Capacity expansion Brownfield expansion 226,500 Ton 32,000 Ton 27,500 Ton Existing Apollo Pipes Ltd plants Greenfield Varanasi Plant 165,500 Ton 30,000 Ton by FY26 Kisan Mouldings Ltd* Further capacity expans
Slide 26: Focus Areas for FY27
Focus Areas for FY27 Strengthen Undertake a Register solid Penetrate and Improve Undertake foothold in Pan phase-wise growth in sales – establish utilization at the various brand India capacity expansion targeting revenue footprint into existing building at the existing growth of around neighboring
Slide 27: Operational & Financial Highlights
OPERATIONAL & FINANCIAL HIGHLIGHTS www.apollopipes.com 26
Slide 28: Quarterly Performance (Consol)
Quarterly Performance (Consol) Sales Volume (Tons) Revenue (Rs. Cr) 26,575 26,987 25,991 308.5 307.9 314.8 25,315 275.0 21,685 250.4 20,152 235.7 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 EBITDA (Rs. Cr) PAT (Rs. Cr) 12.5 29.0 9.8 23.3 24.0 8.1 19.4 20.7 15.
Slide 29: Yearly Performance (Consol)
Yearly Performance (Consol) Volume (Tons) Revenue (Rs. Cr) 99,705 1,182 81,235 987 66,567 915 784 47,333 53,849 46,999 518 511 FY21 FY22 FY23 FY24 FY25 H1FY26 FY21 FY22 FY23 FY24 FY25 H1FY26 EBITDA (Rs. Cr) PAT (Rs.Cr) 96 96 50 93 44 43 74 68 33 24 www.apollopipes.com 36 10 FY21 FY22 FY23 FY24 FY25
Slide 30: Yearly Performance (Consol)
Yearly Performance (Consol) Op. Cashflow (Rs. Cr) Net Working Capital (Days) 74 APL 68 (Consol) 195 56 APL 53 (S'alone) 39 36 68 64 19 47 40 36 FY21 FY22 FY23 FY24 FY25 H1FY26 FY21 FY22 FY23 FY24 FY25 H1FY26 H1FY26 ROE (%) ROCE (%) Net Debt/ (Net cash) (Rs.Cr) 21.1 9 Net Net 19.0 7 cash cash 13.5 13
Slide 31: Profit & Loss Statement (Consol)
Profit & Loss Statement (Consol) Particulars (Rs Cr) Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 FY25 H1FY25 H1FY26 Sales Volume (Ton) 26,575 20,152 26,987 25,991 25,315 21,685 99,705 46,727 46,999 Revenue 308 250 308 315 275 236 1,182 559 511 Total Expenditure 280 231 285 291 254 220 1,086 511 474 Ra
Slide 32: Balance Sheet & Cash flow (Consol)
Balance Sheet & Cash flow (Consol) Balance Sheet - Assets (Rs Cr) FY25 H1FY26 Cashflow Statement (Rs Cr) FY25 H1FY26 Cash & Bank Balance 138 79 EBITDA 96 36 Receivables 95 61 Change in receivables -18 29 Inventories 213 244 Change in Inventory -14 -31 Other current assets 45 42 Change in payables -2
Slide 33: Profit & Loss Statement (Standalone)
Profit & Loss Statement (Standalone) Apollo pipes (Ex- Kisan) Kisan Mouldings (Rs Cr) Q2FY26 Q2FY26 Sales Volume (Ton) 17,912 4,046 Revenue 194 47 Total Expenditure 177 49 Raw Material expenses 132 32 Employee expense 18 6 Other expenses 27 10 EBITDA 17 -1 EBITDA margin (%) 8.9% -2.8% Other Income 2
Slide 34: Conclusion
CONCLUSION 33 www.apollopipes.com
Slide 35: Key Takeaways
Key Takeaways Increased market presence and Target to achieve improving 25%+ revenue distributor network growth CAGR over to address demand next three years across Leveraging ‘APL Value-added pan-India Apollo’ brand Available Capacity product categories reach and recall of 226,500 Ton to provide imp
Slide 36: About Us
About Us Apol l o Pipes (BSE: 531761; NSE: APOLLOPIPE), is among the top 6 leading piping solution providing Company in India. Headquartered in Delhi, the Company enjoys strong brand equity in the domestic markets. With more than 3 decades of experience in the Indian Pip e Market, Ap ollo Pipes hold
Slide 37: Thank You
www.apollopipes.com THANK YOU 36
Slide 38: Apollo Pipes Limited Press Release
Apollo Pipes Limited A- 140, Sector 136. Noida, Uttar Pradesh- 201301 Q2FY26 Consolidated Business Performance • Sales volume increased 8% YoY to 21,685 Ton • Revenue decreased 6% YoY to Rs 2.4 Bn • EBITDA decreased 19% YoY to Rs 158 Mn • PAT decreased 65% YoY to Rs 14 Mn Noida, Oct 29, 2025: Apollo
Slide 39: About the Company
About the Company Apollo Pipes (BSE: 531761; NSE: APOLLOPIPE), is among the top 6 leading piping solution providing Company in India. Headquartered in Delhi, the Company enjoys strong brand equity in the domestic markets. With more than 3 decades of experience in the Indian Pipe Market, Apollo Pipes