Apollo Tyres Limited (NSE: APOLLOTYRE) manufactures tires and tubes for cars, trucks, farm equipment, and light commercial vehicles. The company markets its products with two global brands: Apollo and Vredestein in APMEA (Asia Pacific, Middle East and Africa) and Europe regions.
Profitability from the European operations is expected to remain high in the long-run driven by restructuring of operations, improved product mix and strong demand. Similarly, Indian business demand is set to recover in the replacement and OEM segment. This along with focus on digitalization, controlled capex, and cost
optimization will support growth.
The company’s total revenue on a consolidated basis for the quater ended September 30, 2022 stood at Rs 5962.8 Crore, an increase of 17.29 % over the previous year. The company’s total expenses on a consolidated basis for the quater ended September 30, 2022 stood at Rs 5724.5 Crore, an increase of 17.24 % over the Previous Year.
Profit before tax is Rs 238.4 Crore, an increase of 8.75 % over the previous year. EPS on a consolidated basis for the quater ended September 30, 2022 stood at Rs 3.06, an increase of 11.67 % over the Previous Year.