Apollo Tyres Q4 Consol PAT Dips 13.70% to Rs 354.08 Cr

The consolidated net profit of Apollo Tyres declined 13.70% to 354 crore rupees in the quarter ending March 2024 compared to 410.30 crore rupees during the corresponding quarter ending March 2023. 

Key Takeaways from Apollo Tyres’ Performance:

• Consolidated net profit declined 13.70% to 354 crore rupees.
• 0.17% rise in the total revenue from operations to 6,258.20 crore rupees.

However, the company witnessed a mere rise of 0.17% in the total revenue from operations to 6,258.20 crore rupees in Q4 FY24 against 6,247.33 crore rupees during the previous quarter ended March 2023.

For the entire year, consolidated net profit rose 64.64% to 1,721.87 crore rupees in the year ended March 2024 against 1,045.84 crore rupees in the previous year ending March 2023. 

Additionally, sales rose 3.30% to 25,3777.72 crore rupees in the year ended March 2024 compared to 24,568.13 crore rupees during the previous year ended March 2023.

About Apollo Tyres Limited:

Apollo Tyres Limited established in 1972, is an Indian multinational tyre manufacturing company headquartered in Gurgaon, Haryana. The company’s first plant was commissioned in Perambra in Chalakudy, Kerala. Apollo currently has five manufacturing units in India, one in the Netherlands and one in Hungary. The company announced its entry into the two-wheeler tyre segment with contract manufacturing in March 2016.

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