Apollo Pipes Q4 results: Net profit declines 56% to ₹6.5 crore, declares dividend of ₹1

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₹6.52 crore for the quarter ending in March 2024 from ₹15.03 crore in the same quarter of the previous year. The company reported operational revenue of ₹255.60 crore for the quarter ending March 31, 2024, with total income reaching ₹255.92 crore. For the fiscal year 2024, Apollo Pipes recorded a profit of ₹42.82 crore and revenue of ₹986.95 crore.

Also read: Oil India Q4 results: Net profit rise 18% to ₹2,333 crore, announces 1:2 bonus share Sales also decreased by 2.44% to ₹245.79 crore in the March 2024 quarter, compared to ₹251.94 crore in the March 2023 quarter. However, for the full fiscal year, the company saw a significant increase in net profit, rising 77.50 per cent to ₹42.44 crore for the year ending March 2024, up from ₹23.91 crores the previous year. Annual sales also grew by 6.85 per cent, reaching ₹977.14 crore in the fiscal year ending March 2024, compared to ₹914.52 crore in the prior year.

“We are thrilled to announce strong growth in sales volume for FY24 on the back of improving demand scenarios from consumers across segments. We also strategically acquired Kisan Mouldings Limited (KML) in March 2024, strengthening our market position in the West Indian markets. This marks a significant milestone, positioning us for sustained growth and innovation.