Apollo Tyres Ltd's Q3FY25 Quarter Results
- 07 Feb 2025
Result Summary
- Apollo Tyres Ltd reported a 7.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 4.9%.
- Its expenses for the quarter were up by 6.8% QoQ and 10.0% YoY.
- The net profit increased 13.4% QoQ and decreased 32.1% YoY.
- The earnings per share (EPS) of Apollo Tyres Ltd stood at 5.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 6936.01 | 6458.70 | 6613.76 | 7.4% | 4.9% |
Total Expenses | 6467.40 | 6054.74 | 5877.93 | 6.8% | 10.0% |
Profit Before Tax | 464.37 | 398.77 | 720.73 | 16.5% | -35.6% |
Tax | 127.34 | 101.46 | 224.16 | 25.5% | -43.2% |
Profit After Tax | 337.24 | 297.46 | 496.63 | 13.4% | -32.1% |
Earnings Per Share | 5.30 | 4.70 | 7.80 | 12.8% | -32.1% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Apollo Tyres Ltd is a renowned player in the tyre manufacturing industry, producing a wide range of tyres for various vehicles, including passenger cars, trucks, and off-highway vehicles. The company operates mainly in the automotive sector and is known for its innovative approach and quality products. Apollo Tyres has a significant presence in both domestic and international markets, exporting to over 100 countries. The company is continuously expanding its portfolio to cater to the growing demands of its global clientele. Although no recent major developments are specified in the data provided, Apollo Tyres is generally recognized for its strategic investments and partnerships aimed at enhancing its market position and technological capabilities.
Revenue
In the third quarter of the financial year 2025 (Q3FY25), Apollo Tyres Ltd reported a total income of ₹6936.01 crores, which represents a 7.4% increase from the previous quarter (Q2FY25) and a 4.9% increase compared to the same quarter in the previous year (Q3FY24). This growth reflects an upward trend in revenue generation over both the quarter-over-quarter (QoQ) and year-over-year (YoY) periods. The company's ability to achieve consistent revenue growth, despite market fluctuations, underscores its robust operational strategies and market demand for its products.
Profitability
Apollo Tyres Ltd's profitability metrics for Q3FY25 indicate a mixed performance. The company recorded a profit before tax of ₹464.37 crores, marking a 16.5% improvement from Q2FY25 but a significant decline of 35.6% compared to Q3FY24. After accounting for taxes amounting to ₹127.34 crores, the profit after tax stood at ₹337.24 crores, reflecting a 13.4% increase QoQ but a 32.1% decrease YoY. Earnings per Share (EPS) for the quarter was ₹5.30, up by 12.8% from the previous quarter yet down by 32.1% from the same quarter last year. This decline in YoY profitability suggests challenges in maintaining profit margins amidst changing market conditions.
Operating Metrics
For Q3FY25, Apollo Tyres Ltd's total expenses amounted to ₹6467.40 crores, showing an increase of 6.8% from Q2FY25 and 10.0% from Q3FY24. The rise in expenses could be attributed to various factors, including increased production costs or investment in growth initiatives. Despite these rising costs, the company maintained a positive profit margin, although lower than the previous year. The tax expenses rose by 25.5% QoQ but decreased by 43.2% YoY, which may impact net profit levels. The company's ability to manage its expenses while still achieving revenue growth is crucial for its financial health and sustainability.
