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What is the story about?
Shares of Apollo Pipes fell over 4% in the final few minutes of the trading session as the company reported a net loss compared to a profit during the same quarter last year.
Apollo Pipes has reported a net loss of ₹4.8 crore, compared to a net profit of ₹6.4 crore during the same quarter last year.
A 20% drop in the company's topline dragged the company to a net loss. Revenue for the quarter fell to ₹247.2 crore from ₹308 crore in the year-ago quarter.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter halved from last year to ₹12 crore from ₹23.3 crore earlier.
EBITDA margin for the quarter narrowed by over 300 basis points to 4.9% from 7.6% earlier.
Sales volumes at the end of the third quarter stood at 25,386 tonnes, down from the 26,987 tonnes reported during the same quarter last year.
Apollo Pipes said in its investor presentation that it is targeting to achieve a 25% Compounded Annual Growth Rate (CAGR) for its revenue over the next three years. It said that valued-added product categories will provide the impetus to volumes and profitability.
Shares of Apollo Pipes ended 4.2% lower on Thursday at ₹264. The stock is down 38% in the last one year.
Apollo Pipes has reported a net loss of ₹4.8 crore, compared to a net profit of ₹6.4 crore during the same quarter last year.
A 20% drop in the company's topline dragged the company to a net loss. Revenue for the quarter fell to ₹247.2 crore from ₹308 crore in the year-ago quarter.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter halved from last year to ₹12 crore from ₹23.3 crore earlier.
EBITDA margin for the quarter narrowed by over 300 basis points to 4.9% from 7.6% earlier.
Sales volumes at the end of the third quarter stood at 25,386 tonnes, down from the 26,987 tonnes reported during the same quarter last year.
Apollo Pipes said in its investor presentation that it is targeting to achieve a 25% Compounded Annual Growth Rate (CAGR) for its revenue over the next three years. It said that valued-added product categories will provide the impetus to volumes and profitability.
Shares of Apollo Pipes ended 4.2% lower on Thursday at ₹264. The stock is down 38% in the last one year.
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