{"id":152623,"date":"2023-08-10T15:29:02","date_gmt":"2023-08-10T19:29:02","guid":{"rendered":"https:\/\/44.250.171.167\/?p=152623"},"modified":"2023-08-10T15:29:03","modified_gmt":"2023-08-10T19:29:03","slug":"ptl-enterprises-ltd-q1fy24-57-fall-in-profits","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/ptl-enterprises-ltd-q1fy24-57-fall-in-profits\/","title":{"rendered":"PTL Enterprises Ltd Q1FY24; 57% fall in Profits"},"content":{"rendered":"\n<p>Incorporated in 1959, PTL Enterprises Ltd became an associate company of Apollo Tyres Ltd (ATL) in 1995, when the tyres and tubes manufacturing facility of Premier Tyres in Kalamassery, Kerala was acquired by Apollo. This facility began commercial production in September 1962 and currently the plant is leased to Apollo tyres on a long-term basis.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Financial Results:<\/h2>\n\n\n\n<p>PTL Enterprises Ltd reported Revenues for Q1FY24 of \u20b916.08 Crores same from \u20b916.08 Crore year on year.<\/p>\n\n\n\n<p>Total Expenses for Q1FY24 of \u20b96.21 Crores up from \u20b93.81 Crores year on year, a rise of 62.99%.<\/p>\n\n\n\n<p>Consolidated Net Profit of \u20b92.57 Crores down 56.88% from \u20b95.96 Crores in the same quarter of the previous year.<\/p>\n\n\n\n<p>The Earnings per Share is \u20b90.19, down 57.78% from \u20b90.45 in the same quarter of the previous year.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-650.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-650-839x1024.png\" alt=\"\" class=\"wp-image-152624\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-650-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-650-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-650-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-650-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-650.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/a><\/figure><\/div>\n\n\n\n<p>*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.<\/p>\n\n\n\n<p>*The presented data is automatically generated. It may occasionally generate incorrect information.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Incorporated in 1959, PTL Enterprises Ltd became an associate company of Apollo Tyres Ltd (ATL) in 1995, when the tyres and tubes manufacturing facility of Premier Tyres in Kalamassery, Kerala was acquired by Apollo. This facility began commercial production in September 1962 and currently the plant is leased to Apollo tyres on a long-term basis. [&hellip;]<\/p>\n","protected":false},"author":1885,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,12],"tags":[9753],"class_list":["post-152623","post","type-post","status-publish","format-standard","hentry","category-infographics","category-other-industries","tag-tyres"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":145165,"url":"https:\/\/alphastreet.com\/india\/ptl-enterprises-limited-q4fy23-earnings\/","url_meta":{"origin":152623,"position":0},"title":"PTL Enterprises Limited Q4FY23 Earnings","author":"Karan_Singh","date":"May 5, 2023","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"GABRIEL","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/iStock-1320950393.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/iStock-1320950393.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/iStock-1320950393.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/iStock-1320950393.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":152761,"url":"https:\/\/alphastreet.com\/india\/apollo-tyres-ltd-q1fy24-108-rise-in-profits\/","url_meta":{"origin":152623,"position":1},"title":"Apollo Tyres Ltd Q1FY24; 108% rise in Profits","author":"Divyansh_Kasana","date":"August 11, 2023","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-696.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-696.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-696.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-696.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-696.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-696.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":151445,"url":"https:\/\/alphastreet.com\/india\/apl-apollo-tubes-ltd-q1fy24-60-rise-in-profits\/","url_meta":{"origin":152623,"position":2},"title":"APL Apollo Tubes Ltd Q1FY24; 60% rise in Profits","author":"Divyansh_Kasana","date":"August 7, 2023","format":false,"excerpt":"APL Apollo Tubes Limited (APL Apollo) is one of India\u2019s leading branded steel products manufacturers. Headquartered at Delhi NCR, the Company runs 10 manufacturing facilities churning out over 1,500 varieties of MS Black Pipes, Galvanised Tubes, Pre-Galvanised Tubes, Structural ERW Steel Tubes and Hollow Sections to serve industry applications like\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-256.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-256.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-256.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-256.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-256.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-256.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":165797,"url":"https:\/\/alphastreet.com\/india\/apollo-tyres-ltd-q2fy25-37-fall-in-profits\/","url_meta":{"origin":152623,"position":3},"title":"Apollo Tyres Ltd Q2FY25; 37% fall in Profits","author":"Divyansh_Kasana","date":"November 22, 2024","format":false,"excerpt":"Apollo, established in 1972, manufactures automatic bias and radial tyres, and tubes. 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It has plants in Kochi, Vadodara, Pune, and Chennai. 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