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Apollo Tyres Ltd Q4FY24; 14% fall in Profits

Apollo, established in 1972, manufactures automatic bias and radial tyres, and tubes. It has plants in Kochi, Vadodara, Pune, and Chennai. The product profile includes prominent tyre brands in the T&B, light truck, passenger car, and farm vehicle segments in India, catering to both original equipment manufacturers, and the replacement market.

Financial Results:

Apollo Tyres Ltd reported Revenues for Q4FY24 of ₹6,258.00 Crores up from ₹6,247.00 Crore year on year, a rise of 0.18%.

Total Expenses for Q4FY24 of ₹5,733.00 Crores down from ₹5,760.00 Crores year on year, a fall of 0.47%.

Consolidated Net Profit of ₹354.00 Crores down 13.66% from ₹410.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹5.58, down 13.62% from ₹6.46 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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