Apollo Pipes Ltd

Apollo Pipes has granted 51,900 stock options under ESOS on 29 March 2025. Powered by Capital Market - Live

Apollo Pipes has made further investment by acquiring an additional equity stake of 0.51% through a secondary purchase in Kisan Mouldings (KML), a subsidiary of the Company.Powered by Capital Market - Live

Kisan Mouldings, a subsidiary of the company, is engaged in the manufacturing of PVC pipes, fittings, UV-resistant multi-layer water tanks, and allied products. The company is one of the largest manufacturers of pipes for various applications, including water supply, sanitation, sewerage, construction, cable ducting, drinking water, tube wells, and submersible pumps. As of now, the total paid-up equity share capital of KML stands at Rs 119.46 crore, with a turnover of Rs 268.01 crore for the financial year ending 31 March 2024. With this secondary purchase, Apollo Pipes has increased its stake in KML from 55.58% to 56.08%, marking an increase of 0.50%. The acquisition is valued at approximately Rs 2.89 crore, paid in cash. Apollo Pipes, as the holding company of KML, views this stake acquisition as a strategic investment to further strengthen its position in the market. The transaction, however, does not qualify as a related party transaction, and no promoter or group company has any interest in the acquisition. Apollo Pipes is among the top 10 leading piping solution providers in India. With more than 3 decades of experience in the Indian Pipe Market, the company holds a strong reputation for high-quality products and an extensive distribution network. The company had reported 34.3% decline in standalone net profit to Rs 5.97 crore despite a 10.4% increase in sales to Rs 244.64 crore in Q3 FY25 over Q3 FY24. The scrip slipped 2.40% to Rs 367.90 on the BSE. Powered by Capital Market - Live

Apollo Pipes has further acquired 0.50% stake in Kisan Mouldings, subsidiary of the company from secondary market purchase for a consideration of Rs 2.88 crore on 14 February 2025. The company has increased its holdings from 55.08% to 55.58% in Kisan Mouldings. Powered by Capital Market - Live

Apollo Pipes has made further investment of Rs 2.58 crore by acquiring an additional equity stake of 0.50 % through a secondary purchase in Kisan Mouldings (KML), a subsidiary of the Company. With this, the company has increased its equity holding from 53.57% to 54.07% (an increase of 0.05 %) in KML. Powered by Capital Market - Live

Net profit of Apollo Pipes declined 34.25% to Rs 5.97 crore in the quarter ended December 2024 as against Rs 9.08 crore during the previous quarter ended December 2023. Sales rose 10.42% to Rs 244.64 crore in the quarter ended December 2024 as against Rs 221.56 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales244.64221.56 10 OPM %8.599.09 - PBDT18.5919.83 -6 PBT8.2312.33 -33 NP5.979.08 -34 Powered by Capital Market - Live

Apollo Pipes will hold a meeting of the Board of Directors of the Company on 27 January 2025.Powered by Capital Market - Live

Apollo Pipes has allotted 26,95,000 equity shares on conversion of warrants on 06 November 2024. Consequently, the paid up equity share capital has increased to Rs. 44,04,82,060/- divided into 4,40,48,206 equity shares of face value Rs. 10/- each. Powered by Capital Market - Live

Net profit of Apollo Pipes declined 65.40% to Rs 4.47 crore in the quarter ended September 2024 as against Rs 12.92 crore during the previous quarter ended September 2023. Sales declined 19.58% to Rs 200.60 crore in the quarter ended September 2024 as against Rs 249.45 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales200.60249.45 -20 OPM %9.039.67 - PBDT15.3824.75 -38 PBT6.2917.51 -64 NP4.4712.92 -65 Powered by Capital Market - Live

Apollo Pipes will hold a meeting of the Board of Directors of the Company on 25 October 2024.Powered by Capital Market - Live