Apollo Pipes reports ₹2.5 crore Q1 FY27 loss as PVC price swings squeeze margins
AI Market Summary
Apollo Pipes reported a Q1 FY27 net loss (₹2.5 crore) versus a year-ago profit as PVC price volatility drove an 85% YoY EBITDA collapse and margin compression to ~1%. Despite revenue growth, lower volumes and destocking by channel partners signal near-term demand softness in plumbing/bath fittings. Management expects improvement as inventories normalize and PVC prices stabilize, but profitability uncertainty remains the key overhang.
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Apollo Pipes posted a net loss of ₹2.5 crore in the first quarter of FY27, reversing a net profit of ₹12.5 crore a year earlier. Revenue rose 7.4% year on year to ₹295 crore, while EBITDA fell 85.3% to ₹3.03 crore and the EBITDA margin narrowed to 1.03%. Sales volume declined 3% to 24,477 tonnes. The company said sharp volatility in PVC prices weighed on earnings stability.
