News

Published: August 8, 2024
Updated: August 8, 2024

Apollo Tyres' Q1 Net Profit Falls 24%: Key Highlights

Q1 Earnings Overview

Apollo Tyres' net profit declined 24% to Rs 302 crore in the first quarter of FY25, down from Rs 397 crore in the corresponding period last year.

Revenue Performance

Revenue from operations rose marginally to Rs 6334.8 crore, up from Rs 6,244.5 crore in the year-ago period.

Challenges Faced

The company faced challenges due to lower sales and increased raw material costs, leading to a decline in net profit.

EBITDA and Margin

Apollo Tyres' EBITDA fell 13.5% to Rs 909.4 crore, and the margin declined to 14.4% from 16.8% in the year-ago period.

Stock Performance

Apollo Tyres' stock has surged 12.34% this year and rallied 121% in two years, with a market cap of Rs 32,707 crore.

Apollo Tyres' Q1 results reflect the challenges faced by the company due to lower sales and increased raw material costs. Despite this, the company's stock has performed well in the long term, and investors will be watching its future performance closely.