Negative trend in financials for Apollo Pipes in Q2 FY25, with some positive aspects

Apollo Pipes, a smallcap company in the plastic products industry, recently declared its financial results for the quarter ending September 2024. The company’s stock has been given a ‘Strong Sell’ call by MarketsMOJO.

According to the financials, Apollo Pipes has seen a negative performance in the quarter, with a score of -16 compared to -3 in the previous quarter. However, there are some positive aspects to the company’s financials. The company has shown a consistent growth in its operating cash flow, with the highest amount of Rs 123.02 crore in the last three years.

On the other hand, there are some areas of concern for Apollo Pipes. The profit before tax (PBT) has fallen by 59.2% compared to the average of the previous four quarters. Similarly, the profit after tax (PAT) has also decreased by 54.6% compared to the average of the previous four quarters. The net sales have also seen a decline of 16.2% compared to the average of the previous four quarters, with the lowest sales of Rs 200.60 crore in the last five quarters. The operating profit and profit margin have also decreased, indicating a decline in the company’s efficiency.

The company’s earnings per share (EPS) have also decreased, showing a decline in profitability and lower earnings for shareholders. Overall, Apollo Pipes has shown a negative trend in its financial performance in the near term. Investors should carefully consider these factors before making any investment decisions.