Q2 2025 Apollo Pipes Ltd Earnings Call Transcript
Key Points
- Apollo Pipes Ltd (BOM:531761) managed to surpass Q2 FY 25 sales volume despite industry-wide declines.
- The company reported an improvement in gross margins due to contributions from higher interest and depreciation costs.
- Apollo Pipes Ltd (BOM:531761) is on track to complete its CapEx by June 2025, which will increase its annual capacity to nearly three lakh metric tons.
- The company expects a 35% revenue growth over H1, driven by a pickup in construction activity and government infrastructure projects post-elections.
- Apollo Pipes Ltd (BOM:531761) is expanding its product lines, including OPVC and UPVC doors and windows, which will strengthen its presence in the housing building material segment.
- The quarter was challenging due to heavy monsoons, low government spending on water infrastructure, and a 17% fall in PVC prices.
- Profitability was negatively impacted by lower revenue growth and mild inventory losses.
- Higher interest and depreciation costs further pressured net margins.
- The balance sheet was slightly strained due to heavy CapEx and higher inventory buildup owing to lower sales value.
- Channel partners are hesitant to restock due to uncertainty in PVC resin price movements, affecting inventory levels.
Ladies and gentlemen, good day and welcome to the Apollo Pipes, FY 25 earnings conference call hosted by Dam Capital Advisors Limited. (Operator Instructions). I now have the conference over to Mr Asim from Dam Capital Advisors Limited. Thank you and over to you, sir.
Thank you. S and hi, good morning, everyone on behalf of Dam Capital Advisor, I would like to welcome all to Apollo Pipes Q2 F 525 results conference call from the company side. We have with us Mr Gupta, Chairman and managing director, Mr Arun Awal, joint managing director, Mr Ajay Kumar Jain CFO and other senior team member. I would now hand the floor to Mr Samir Gupta to take the call forward. Thank you.
Thank you.
I welcome everyone to Apollo PPES Q2 at FY 25 earnings call.
What a quarter. It has been, I would say one of the most tough quarters in the last few years, things were slow right from the start of
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