Apollo Tyres reports positive third quarter

Gurgaon, India – The Board of Directors of Apollo Tyres Ltd approved the company’s unaudited financial results for the 3rd quarter (Oct to Dec) and 9M (Apr to Dec) for the financial year 2024 – 25.

For the quarter ended December 31, 2024 Apollo Tyres Ltd, on a consolidated level, registered a revenue of Rs 6928 crores, an increase of 5% over the same period last fiscal. Both Indian and European Operations witnessed mid-single digit growths in revenue in the third quarter. For the nine months of the fiscal (April – December), the company’s revenue closed at Rs 19,700 crores, an increase of 3% over the same period last fiscal.

Quarterly Consolidated Performance Highlights – Q3 FY2024-25 (Oct-Dec) vs Q3 FY2023-24
Revenue from operations was up 5% to close at Rs 6928 crores, as against Rs 6595 crores in Q3 FY24
Operating profit reported was Rs 947 crores, as against Rs 1208 crores
Net profit for Q3 closed at Rs 337 crores, as against Rs 497 crores in the same period last fiscal

9M FY 2024-25 (April-Dec) vs 9M FY 2023-24
Revenue from operations was up 3% to close at Rs 19,700 crores, as against Rs 19,120 crores in 9M FY24
Operating profit reported was Rs 2734 crores, as against Rs 3419 crores
Net profit for 9 Months closed at Rs 937 crores, as against Rs 1368 crores in the same period last fiscal

Commenting on the company’s performance, Onkar Kanwar, Chairman, Apollo Tyres Ltd said “Under tough market conditions we have been able to perform well in the key passenger vehicle and commercial vehicle replacement segments in India. This performance was somewhat negated by the sluggish OE segment. Europe too, has performed in line with the market. While the third quarter witnessed an increase in raw material prices, impacting our margins, we see a flattish trend in the current quarter.”