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APOLLO TYRES
Quarterly Results Analysis [Mar2024]

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APOLLO TYRES Quarterly Results

Consolidated Mar2024
UnAudited
Dec2023
UnAudited
Sep2023
UnAudited
Jun2023
UnAudited
Mar2023
Audited
Dec2022
UnAudited
Sep2022
UnAudited
Jun2022
UnAudited
Revenues ₹6,258 Cr ₹6,595 Cr ₹6,280 Cr ₹6,245 Cr ₹6,247 Cr ₹6,423 Cr ₹5,956 Cr ₹5,942 Cr
Expenses ₹5,230 Cr ₹5,387 Cr ₹5,120 Cr ₹5,193 Cr ₹5,249 Cr ₹5,509 Cr ₹5,244 Cr ₹5,252 Cr
Operating Income ₹1,028 Cr ₹1,208 Cr ₹1,160 Cr ₹1,051 Cr ₹998 Cr ₹913 Cr ₹712 Cr ₹690 Cr
Other Income ₹74 Cr ₹18 Cr ₹25 Cr ₹36 Cr ₹17 Cr ₹7 Cr ₹7 Cr ₹11 Cr
Interest ₹115 Cr ₹123 Cr ₹133 Cr ₹135 Cr ₹139 Cr ₹142 Cr ₹132 Cr ₹118 Cr
Depreciation ₹388 Cr ₹368 Cr ₹360 Cr ₹362 Cr ₹372 Cr ₹354 Cr ₹349 Cr ₹344 Cr
Profit Before Tax ₹563 Cr ₹721 Cr ₹680 Cr ₹576 Cr ₹526 Cr ₹424 Cr ₹238 Cr ₹238 Cr
Profit After Tax ₹354 Cr ₹497 Cr ₹474 Cr ₹397 Cr ₹410 Cr ₹279 Cr ₹179 Cr ₹177 Cr
EPS ₹5.58 ₹7.82 ₹7.47 ₹6.25 ₹6.46 ₹4.39 ₹2.82 ₹2.79
Industry Peers & Returns1W1M1Y
APOLLO TYRES 3.9% 4% 33.7%
MRF 0.6% -0.2% 34%
BALKRISHNA INDUSTRIES 12.5% 19.8% 20%
JK TYRE & INDUSTRIES 5% -0.7% 100.7%
CEAT 6.5% -2.6% 28.4%
TVS SRICHAKRA 1.6% -3.1% 38.1%
GOODYEAR INDIA 4.1% 3.5% -2.4%

APOLLO TYRES Quarterly Revenues

Revenues
Q-o-Q

-5.11 %

Y-o-Y

0.17 %

Quarters Revenues % Change
Mar2024 ₹6,258 Cr
-5.11
Dec2023 ₹6,595 Cr
5.03
Sep2023 ₹6,280 Cr
0.56
Jun2023 ₹6,245 Cr
-0.04
Mar2023 ₹6,247 Cr
-2.73
Dec2022 ₹6,423 Cr
7.84
Sep2022 ₹5,956 Cr
0.24
Jun2022 ₹5,942 Cr -

APOLLO TYRES Quarterly Operating Profit

Operating Profit
Q-o-Q

-14.91 %

Y-o-Y

2.96 %

Quarters Operating Profit % Change
Mar2024 ₹1,028 Cr
-14.91
Dec2023 ₹1,208 Cr
4.16
Sep2023 ₹1,160 Cr
10.31
Jun2023 ₹1,051 Cr
5.31
Mar2023 ₹998 Cr
9.32
Dec2022 ₹913 Cr
28.28
Sep2022 ₹712 Cr
3.22
Jun2022 ₹690 Cr -
Operating Margins
Q-o-Q

-10.32 %

Y-o-Y

2.82 %

Quarters Operating Margin% % Change
Mar2024 16.43%
-10.32
Dec2023 18.32%
-0.81
Sep2023 18.47%
9.68
Jun2023 16.84%
5.38
Mar2023 15.98%
12.38
Dec2022 14.22%
19.00
Sep2022 11.95%
2.93
Jun2022 11.61% -

APOLLO TYRES Quarterly Profit After Tax

Profit After Tax(PAT)
Q-o-Q

-28.72 %

Y-o-Y

-13.71 %

Quarters Profit After Tax % Change
Mar2024 ₹354 Cr
-28.72
Dec2023 ₹497 Cr
4.74
Sep2023 ₹474 Cr
19.46
Jun2023 ₹397 Cr
-3.25
Mar2023 ₹410 Cr
47.16
Dec2022 ₹279 Cr
55.48
Sep2022 ₹179 Cr
1.10
Jun2022 ₹177 Cr -
PAT Margins
Q-o-Q

-24.83 %

Y-o-Y

-13.85 %

Quarters PAT Margin(%) % Change
Mar2024 5.66 %
-24.83
Dec2023 7.53 %
-0.26
Sep2023 7.55 %
18.71
Jun2023 6.36 %
-3.20
Mar2023 6.57 %
51.38
Dec2022 4.34 %
44.19
Sep2022 3.01 %
1.01
Jun2022 2.98 % -

APOLLO TYRES Quarterly Earnings Per Share (EPS)

EPS
Q-o-Q

-28.64 %

Y-o-Y

-13.62 %

Quarters EPS % Change
Mar2024 ₹5.58
-28.64
Dec2023 ₹7.82
4.69
Sep2023 ₹7.47
19.52
Jun2023 ₹6.25
-3.25
Mar2023 ₹6.46
47.15
Dec2022 ₹4.39
55.67
Sep2022 ₹2.82
1.08
Jun2022 ₹2.79 -

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