APOLLOPIPE2024-01-012024-03-31 APOLLOPIPE2024-01-012024-03-31 APOLLOPIPE2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member APOLLOPIPE2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member APOLLOPIPE2024-03-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 531761 APOLLOPIPE NOTLISTED Apollo Pipes Limited Equity 2023-04-01 2024-03-31 2024-05-20 2024-05-13 INR Lakhs Yearly 13:30:00 15:40:00 2024-05-20 2024-05-20 true Cash Flow Indirect Statement on impact of audit qualification Single segment Manufacturing of plastic pipes and fittings 2024-01-01 2024-03-31 Audited Consolidated 2555964000.00 3281000.00 2559245000.00 1661349000.00 15734000.00 203843000.00 143061000.00 14724000.00 84620000.00 277834000.00 2401166000.00 158079000.00 0.00 158079000.00 35414000.00 53665000.00 89079000.00 0.00 69000000.00 0.00 0.00 0.00 0.00 69000000.00 -440000.00 68560000.00 1780000.00 66780000.00 0.00 393282000.00 10 1.71 1.67 0.00 0.00 1.71 1.67 1) The above statement of Consolidated Audited financial results (' The Statement ) of Apollo Pipes Limited (“the Company”) for the Quarter and Financial Year ended March 31, 2024 has been reviewed by the Audit Committee and approved by the Board of Directors ( The Board ) of the Company at their respective meetings held on May 20th, 2024. 2) The above Consolidated Financial Results are extracted from the audited consolidated financial statements, which are prepared in accordance with Indian Accounting Standard 34 (IND AS), as prescribed under section 133 of the Companies Act, 2013 and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Regulations). 3) The Company has acquired 53.57% controlling stake in Kisan Mouldings Limited (KML) for a total sum of Rs. 118.40 Crore, consequent upon which KML has become the subsidiary of the Company. 4) The Acquisition of the Target entity was accounted for under IND AS 103, i.e. Business Combination whereby asset and liabilities of the target entity were Fair Valued for consolidation. Details of purchase consideration, Fair value of Net Assets acquired and resultant Goodwill as at the acquisition date are as under: Particular Amount (Rs. In Cr's) Amount paid towards acquisition of shares 118.40 Add: Fair Value of Non Controlling Interest 93.85 Less: Fair Value of Net Assets acquired 202.13 Resultant Goodwill 10.12 5) The consolidated financial results and cashflow includes the figures of Kisan Moulding Ltd. From 26th March to 31st March 24 i.e. after acquiring the stake in the target company.The consolidated balance sheet consists of balances of the both entities as at 31st March,24 6)Pursuant to the approval of Board of Directors and Shareholders vide meetings on March 14, 2023 and April 13, 2023 respectively. Warrants to the tune of 47,20,000@550/- per warrent amounted Rs. 259.60 Crs were allotted, out of which Rs. 64.90 Crs were earlier received as 25% application money. Further the Company had received a balance 75% payment towards 25,000 warrants from one of the Allottee (Non-Promoter) towards the conversion of Warrants into Equity Shares and consequent to which the Finance Committee of Board of Directors of the Company had allotted 25,000 on January 23, 2024 Preferential Shares. The same has been accounted for calculating the EPS. 7) Company holds 27,200 shares of APL Infrastructure Pvt.Ltd.(AIPL) as investment. The increase in value of Investments is due to an increase in NAV of AIPL of FY'23 INR 18,489.34/per share. During the last report FY'22, the share were shown at the NAV on INR 14,258.43/ per share. The changes in value is accounted as other comprehensive income (OCI)(Net of tax). 8) Diluted Earnings per share of the Company is calculated on the basis of Diluted Share Capital, pursuant to Allottment of 47,20,000 Convertible Warrants to person belonging to ‘Promoter & Promoter Group’ and ‘Non-Promoter’ Category on preferential basis ( Preferential Issue ). 9) The Company operates in one segment i.e. Manufacturing and Trading of Plastic Pipes,Fittings & Allied Products . Hence, no separate segment disclosures as per Ind AS 108 : Operating Segments have been presented as such information is available in the statement. 10) Previous year/period figures have been regrouped/ recast, wherever necessary, to make them comparable. 11) Results of the company will be available on the website of the company. Single segment 2023-04-01 2024-03-31 Audited Consolidated 9869474000.00 39045000.00 9908518000.00 7044862000.00 77873000.00 13470000.00 613960000.00 50673000.00 298607000.00 1160816000.00 9260260000.00 648258000.00 0.00 648258000.00 173896000.00 46136000.00 220032000.00 0.00 428226000.00 0.00 0.00 0.00 0.00 428226000.00 101677000.00 529903000.00 1780000.00 528123000.00 0.00 393282000.00 10 0.00 10.84 10.59 0.00 0.00 10.84 10.59 Other Expenses 277834000.00 Other Expenses 1160816000.00 940291000.00 4566781000.00 84188000.00 0.00 311731000.00 515760000.00 0.00 41256000.00 557016000.00 381861000.00 494604000.00 6396181000.00 1987128000.00 0.00 795514000.00 544444000.00 15658000.00 35866000.00 61255000.00 1452737000.00 237127000.00 3676992000.00 32823000.00 10105996000.00 393532000.00 5346930000.00 5740462000.00 6680752000.00 17253000.00 1983000.00 19236000.00 58490000.00 103303000.00 181029000.00 614894000.00 1669315000.00 485108000.00 2769317000.00 382645000.00 79147000.00 13105000.00 3244214000.00 3425243000.00 10105996000.00 50672000.00 131547000.00 192502000.00 0.00 -26094000.00 0.00 0.00 0.00 0.00 138439000.00 0.00 0.00 0.00 298607000.00 0.00 8086000.00 0.00 0.00 0.00 0.00 0.00 0.00 4519000.00 0.00 0.00 -5123000.00 0.00 0.00 0.00 793156000.00 1441414000.00 -1000.00 0.00 -15051000.00 179746000.00 0.00 1246615000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 17316000.00 985285000.00 20013000.00 1204000000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1000.00 15075000.00 0.00 -3234000.00 0.00 -2140114000.00 0.00 0.00 13750000.00 645563000.00 0.00 0.00 0.00 0.00 566000.00 1222369000.00 0.00 0.00 23594000.00 50791000.00 0.00 0.00 -636875000.00 -1530374000.00 0.00 -1530374000.00 2076189000.00 545815000.00