Categories Earnings
Earnings | Apollo Tyres Limited (NSE: APOLLOTYRE): Q4FY23 Results Out; Total Income rises 11% YoY.
Apollo Tyres Limited is a leading tire manufacturing company based in India. Established in 1972, the company has since expanded to become a global brand, with operations in Asia, Europe, Africa, and America. Apollo Tyres offers a wide range of tires for passenger cars, commercial vehicles, and off-highway vehicles, including farm and mining equipment. The company has a strong focus on research and development and invests heavily in technology to produce high-quality and durable tires.
- Apollo Tyres Limited reported Total Income for Q4 FY23 of ₹6,264 Crore up from ₹ 5,615 Crore year on year, a growth of 11%.
- Total Expenses for Q4 FY23 of ₹5,760 Crore up from ₹5,455 Crore year on year, a growth of 5%.
- Consolidated Net Profit of ₹427 Crore, up 278% from ₹113 Crore in the same quarter of the previous year.
- The Earnings per Share is ₹6.73, up 276% from ₹1.79 in the same quarter of the previous year.
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