Apollo Pipes reports Q3 loss amid 20% sales drop
after close1 source ↓written by the desknot a recommendation
- Revenue declined
- 20%
- ₹247.2 crore
- EBITDA halved
- ₹12 crore
- as sales volumes
- 4%
- volumes dropped
- 25,386 tonnes
Apollo Pipes reported a net loss of ₹4.8 crore for Q3, down from a net profit of ₹6.4 crore last year. Revenue declined 20% to ₹247.2 crore, while EBITDA halved to ₹12 crore. The stock fell over 4% as sales volumes dropped to 25,386 tonnes from 26,987 tonnes last year.
This performance raises concerns about the company's profitability and market position, impacting trader sentiment.
Not investment advice. For informational purposes only.