Apollo Pipes Limited has informed the Exchange regarding Outcome of Board Meeting held on May 10, 2025.
APOLLOPIPE · price
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Apollo Pipes announced its audited standalone and consolidated results for FY25 at its May 10, 2025 board meeting. Consolidated revenue grew ~20% to Rs. 1,18,164 lacs (vs Rs. 98,695 lacs last year), but net profit fell ~20% to Rs. 3,409 lacs (vs Rs. 4,282 lacs). On a standalone basis, both revenue (-5% to Rs. 92,569 lacs) and profit (-27% to Rs. 3,082 lacs) declined year-on-year. EPS stood at Rs. 7.74 (consolidated) and Rs. 7.00 (standalone). The board recommended a final dividend of Rs. 0.70 per share (7% on face value). Ernst & Young LLP was appointed as the new internal auditor, and the Mirzapur (UP) plant is nearing completion, with trial production expected by October 2025. Importantly, the statutory auditor issued a 'Qualified Opinion' on the consolidated financial results, though the company separately filed a declaration claiming unmodified opinions for both standalone and consolidated statements.
Mixed signals for shareholders: revenue growth at the consolidated level is encouraging, but a sharp drop in profitability and the auditor's qualified opinion on consolidated results may weigh on investor sentiment. The modest 7% dividend and the clarification needed around the auditor's opinion versus the company's declaration could create short-term volatility.