When Premier Tyres’ tyre and tube production facilities in Kalamassery, Kerala, was purchased by Apollo Tyres Ltd (ATL) in 1995, PTL Enterprises Ltd was added as an affiliate business. Commercial manufacturing at this facility started in September 1962, and Apollo Tyres now has a long-term lease on the facility.
Financial Results:
- PTL Enterprises Ltd. reported Total Income for Q4FY23 of ₹ 16.2 Crores up from ₹ 15.9 Crore year on year, a rise of 2%.
- Total Expenses for Q4FY23 of ₹ 3.5 Crores up from ₹ 4.1 Crores year on year, a fall of 15%.
- Consolidated Net Profit of ₹ 2.5 Crores, down 26% from ₹ 3.3 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹ 0.19, down 36% from ₹ 0.25 in the same quarter of the previous year.