Conference Call with Apollo Pipes Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
Plastic Products company Apollo Pipes announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Sales volume higher 2% YoY to 20,152 Ton. Revenue unchanged YoY to Rs 2.5 billion. EBITDA declined 20% YoY to Rs 194 million. PAT declined 68% YoY to Rs 42 million. H1FY25 Financial Highlights: Sales volume increased 14% YoY to 46,727 Ton. Revenue increased by 10% YoY to Rs 5.6 billion. EBITDA declined 4% YoY to Rs 484 million. PAT declined 38% YoY to Rs 167 million. Sameer Gupta, Chairman & Managing Director, Apollo Pipes Limited (APL) said: “The company has demonstrated business momentum on the back of strategic acquisition of Kisan Mouldings Limited, which has strengthened its market footprints in the Western India. The plastic pipe industry faced significant challenges in H1FY25 due to fluctuations in PVC resin prices, reduced government infrastructure spending, and an extended monsoon season. This sharp price volatility led to de-stocking across the entire supply chain. However, we have started to see the demand traction specialy the agriculture sector from Oct’24 which will boost our volumes going forward. The company has a robust pipeline of innovative products. We continue to make strong inroads across cPVC, PVC-O Pipe and other value product segments. We are on track to expand our annual capacity to 286,000 Ton in the next 2 years from current 2,16,000 Ton” Result PDF