Apollo Pipes Reports Mixed Financial Results with Improved Liquidity and Rising Debt Costs

Apollo Pipes has reported its financial results for the quarter ending December 2024, revealing notable trends in its performance. The company has experienced a shift in its evaluation, with its score adjusting to -21 from -17 over the past three months, indicating a change in assessment.
On a positive note, Apollo Pipes has achieved its highest cash and cash equivalents in the last six half-yearly periods, totaling Rs 64.66 crore, suggesting an improvement in short-term liquidity. Additionally, the company's Debtors Turnover Ratio has reached a peak of 19.73 times in the last five half-yearly periods, reflecting its efficiency in settling debts.

Conversely, the financial results also highlight challenges for Apollo Pipes. The Profit Before Tax (PBT) has recorded a decline to Rs 8.08 crore, down 29.9% compared to the average of the previous four quarters. Similarly, the Profit After Tax (PAT) has decreased to Rs 5.97 crore, marking a 22.8% drop from the average of the last four quarters. Furthermore, the company has seen a significant rise in interest costs, with a 66.57% increase in half-yearly interest expenses, indicating a higher reliance on borrowings. The Debt-Equity Ratio has also reached its highest level in five half-yearly periods at 0.17 times, suggesting potential liquidity pressures.

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