Q2 and H1 results

Apollo Tyres 2^nd quarter revenue closes at Rs 6437 crores

The Board of Directors of Apollo Tyres Ltd today approved the company’s unaudited financial results for the 2^nd quarter (July to Sept) and H1 (Apr to Sept) for the financial year 2024 – 25.

For the quarter ended September 30, 2024 Apollo Tyres Ltd, on a consolidated level, registered a revenue of Rs 6437 crores, an increase of 3% over the same period last fiscal. For the six months of the fiscal (April – September), the company reported a revenue of Rs 12,772 crores, an increase of 2% over the same period last fiscal. Positive revenue growth was reported, especially from European Operations, in the second quarter.

Quarterly Consolidated Performance Highlights

Q2 FY2024-25 (July – Sept) vs Q2 FY2023-24

·       Revenue from operations was up 3% to close at Rs 6437 crores, as against Rs 6280 crores in Q2 FY24

·       Operating profit reported was Rs 878 crores, as against Rs 1160 crores

·       Net profit for Q2 closed at Rs 297 crores, as against Rs 474 crores in the same period last fiscal

Half Yearly Consolidated Performance Highlights

H1 FY 2024-25 (April-Sept) vs H1 FY 2023-24

·       Revenue from operations was up 2% to close at Rs 12,772 crores, as against Rs 12,524 crores in H1 FY24

·       Operating profit reported was Rs 1787 crores, as against Rs 2211 crores

·       Net profit closed at Rs 599 crores, as against Rs 871 crores in the same period last fiscal

Commenting on the company’s performance, Onkar Kanwar, Chairman, Apollo Tyres Ltd said “We witnessed a weak demand scenario in the OEM segment in our largest market -- India, which negated the strong growth in the replacement segment. In Europe, we witnessed positive revenue growth in the passenger vehicle segment, which is the largest segment for us in that geography. Unprecedented increase in raw material prices have impacted our profitability.”

Cross currency reference chart for key financials:

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