Apollo Pipes Limited, a leading player in the pipes and fittings industry, has announced its audited financial results for the quarter and year ended March 31, 2022, showcasing a mixed performance with strong volume growth but a slight dip in profitability for the quarter.

Q4FY22 Performance Highlights

Apollo Pipes demonstrated robust growth in its Q4FY22 operations:

• Sales volume increased by 26% year-over-year to 16,409 tons
• Revenue surged by 42% to Rs. 247.50 crore
• EBITDA grew by 5% to Rs. 28.40 crore
• Net profit, however, declined by 6% to Rs. 15.60 crore

FY22 Annual Performance

For the full fiscal year 2022, Apollo Pipes reported strong growth across key financial metrics:

Dividend Declaration and Board Changes

The Board of Directors has recommended a final dividend of 10% (Rs. 1 per share) for the fiscal year 2022, subject to shareholders' approval.

In addition to the financial results, Apollo Pipes announced changes to its board composition:

• Mr. Ashok Kumar Gupta has been appointed as an Additional Director
• Mr. Saket Agarwal has resigned from his position as Non-Executive Director

Capacity Enhancement and Future Outlook

Apollo Pipes continues to focus on expanding its manufacturing capabilities:

• Invested Rs. 41.00 crore in annual capex for capacity enhancement
• Focus areas include cPVC, HDPE pipes, and fittings
• Current total annual capacity stands at 125,200 MTPA across five manufacturing facilities

Looking ahead, the company has set an ambitious target of achieving 25% revenue growth over the next three years, indicating confidence in its growth strategy and market demand.

Conclusion

Apollo Pipes Limited's Q4FY22 and FY22 results reflect a company in growth mode, with significant increases in sales volume and revenue. While the quarterly net profit saw a slight decline, the overall annual performance remains strong. The company's focus on capacity enhancement and its optimistic growth targets suggest a positive outlook for the future, despite the challenges faced in the last quarter.

Apollo Pipes Limited , a leading manufacturer of plastic pipes and fittings, has reported its financial results for the quarter ended June 30. The company's Board of Directors approved the unaudited standalone and consolidated financial results on August 7.

Financial Performance

Consolidated Results

On a consolidated basis, Apollo Pipes reported:

Standalone Results

On a standalone basis, Apollo Pipes reported:

Corporate Developments

In addition to the financial results, Apollo Pipes announced several key corporate developments:

1. Re-appointment of Mr. Arun Agarwal as Joint Managing Director for a further period of 3 years, effective from April 1, 2026, subject to shareholder approval at the upcoming 39th Annual General Meeting (AGM).

2. Appointment of M/s. AKGVG & Associates as new Statutory Auditors for a term of 5 years, starting from the conclusion of the 39th AGM, subject to shareholder approval.

3. Appointment of new Secretarial Auditors, Cost Auditors, and Internal Auditors for the company.

Subsidiary Investment

Apollo Pipes has acquired an additional 1% stake in its subsidiary Kisan Mouldings Limited for ₹4.95 crore. This acquisition increases Apollo Pipes' holding in the subsidiary from 57.6% to 58.6%.

These financial results and corporate actions demonstrate Apollo Pipes' commitment to growth and strong corporate governance.