Leading tire manufacturer demonstrates resilience with 5% YoY quarterly revenue growth to ₹69,279.54 crores, despite currency headwinds and fluctuating raw material costs impacting bottom line.
06 Feb 2025 | 3554 Views | By Autocar Pro News Desk
The company reported quarterly revenue from operations of ₹69,279.54 crores, marking a substantial increase from ₹65,953.89 crores in the corresponding quarter of the previous year. For the nine months ended December 31, 2024, the total revenue reached ₹196,998.30 crores, compared to ₹191,195.14 crores in the same period last year.
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The company reported quarterly revenue from operations of ₹69,279.54 crores, marking a substantial increase from ₹65,953.89 crores in the corresponding quarter of the previous year. For the nine months ended December 31, 2024, the total revenue reached ₹196,998.30 crores, compared to ₹191,195.14 crores in the same period last year.
Operating expenses saw careful management during the quarter. The cost of materials consumed stood at ₹32,227.88 crores, while employee benefits expenses amounted to ₹7,971.02 crores. The company maintained efficient inventory management, with changes in inventories of finished goods showing a figure of ₹1,058.52 crores.
The quarterly profit before exceptional items and tax reached ₹4,688.18 crores, demonstrating the company's operational efficiency. After accounting for exceptional items of ₹42.37 crores, the profit before tax stood at ₹4,645.81 crores.
In terms of comprehensive income, the company faced some headwinds from exchange differences in translating financial statements of foreign operations, resulting in an adjustment of ₹(3,823.39) crores. However, the total comprehensive income for the quarter remained positive at ₹(491.25) crores.
The earnings per share (basic) for the quarter stood at ₹5.31, showing improvement from the previous periods. The company maintains a strong capital position with paid-up equity share capital of ₹635.10 crores and reserves excluding revaluation reserves of ₹35,654.24 crores.
Apollo Tyres continues to strengthen its market position, with these results reflecting its resilience in challenging market conditions and its commitment to sustainable growth. The company operates from its headquarters in Gurugram, India, and maintains its position as a leading tire manufacturer in the global market.