Apollo Pipes Limited has informed the Exchange that Board of Directors at its meeting held on May 10, 2025, recommended Final Dividend of 0.7 per equity share.
APOLLOPIPE · price
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Apollo Pipes' Board on May 10, 2025 recommended a final dividend of Rs. 0.70 per equity share (7% on face value of Rs. 10) for FY25, subject to shareholder approval. For the full year, consolidated revenue grew about 20% to Rs. 1,181.64 crore from Rs. 986.95 crore, but net profit fell roughly 20% to Rs. 34.09 crore from Rs. 42.82 crore, with EPS dropping to Rs. 7.74 from Rs. 10.84. The Board also approved audited Q4 and FY25 results, appointed Ernst & Young LLP as the new Internal Auditor, and updated that its Mirzapur (UP) plant is nearing land development completion with trial production expected by October 2025. The company also raised its stake in subsidiary Kisan Mouldings by 4.02% for Rs. 22.37 crore. Statutory auditors issued a qualified opinion on the consolidated results.
A modest dividend on shrinking profits suggests a cautious capital return, while weaker earnings despite strong revenue growth may pressure the stock in the short term. Longer term, the Mirzapur plant coming onstream and the Kisan Mouldings stake hike point to continued capacity expansion, but the qualified auditor opinion on consolidated numbers is a yellow flag for investors.