Apollo Tyres Reports Strong Quarterly Revenue Growth

Key Highlights:

• Apollo Tyres reported a quarterly revenue of ₹69,279.54 crores, up from ₹65,953.89 crores in the same quarter last year.
• The total revenue for nine months reached ₹196,998.30 crores, reflecting growth compared to the previous year.
• Profit before tax stood at ₹4,645.81 crores after accounting for exceptional items.
• Earnings per share improved to ₹5.31, reflecting strong financial performance during the quarter.
• The company remains a global leader in tire manufacturing with a strong position in the market.

Apollo Tyres reported a quarterly revenue of ₹69,279.54 crores, an increase from ₹65,953.89 crores in the same quarter last year. For the nine months ending December 31, 2024, the total revenue reached ₹196,998.30 crores, compared to ₹191,195.14 crores in the previous year.

Profit Before Exceptional Tax

The company reported a profit before exceptional items and tax of ₹4,688.18 crores. After accounting for exceptional items of ₹42.37 crores, the profit before tax stood at ₹4,645.81 crores.

Cost of Materials Consumed

The company effectively managed its costs. The cost of materials consumed stood at ₹32,227.88 crores, while employee benefits expenses were ₹7,971.02 crores. Changes in inventories of finished goods were recorded at ₹1,058.52 crores.

Company’s financial Statements

Exchange rate fluctuations affected the company’s financial statements, leading to an adjustment of ₹3,823.39 crores. However, the total comprehensive income remained positive at ₹491.25 crores.

Earnings Per Share and Financial Position

The earnings per share (basic) for the quarter improved to ₹5.31. The company’s capital remains strong with a paid-up equity share capital of ₹635.10 crores and reserves of ₹35,654.24 crores.

Market Position

Apollo Tyres continues to grow despite market challenges. The comapny is headquartered in Gurugram, India. The company remains a leading global tyre manufacturer and will focus on sustainable growth.

Also Read: Apollo Tyres Unveils New Radial Tyres at BAUMA ConExpo India 2024

CMV360 Says

Apollo Tyres has shown good growth in its revenue and profits. This is a positive sign for the company. Even though there were some challenges, like exchange rate fluctuations, but the company managed them. The increase in earnings per share also shows that the company is managing its operations well. With its strong market position, Apollo Tyres looks ready to face future challenges.