Apollo Tyres Ltd's Q4FY25 Quarterly Results

Result Summary

• Apollo Tyres Ltd reported a 8.7% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Mar (Q4FY25). On a year-on-year (YoY) basis, it witnessed a growth of 1.1%.
• Its expenses for the quarter were down by 11.4% QoQ and 0.5% YoY.
• The net profit increased 5.0% QoQ and decreased 17.2% YoY.
• The earnings per share (EPS) of Apollo Tyres Ltd stood at 5.6 during Q4FY25.

Financial Statments for Q4FY25

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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 prominent player in the automotive industry, primarily engaged in the production of tyres for a variety of vehicles, including passenger cars, trucks, and off-highway vehicles. The company has established a significant presence in both domestic and international markets, with operations spanning various continents. Apart from manufacturing, Apollo Tyres is involved in the distribution and retailing of tyres, catering to both original equipment manufacturers (OEMs) and the replacement market. The company's ongoing initiatives to expand its product portfolio and enhance its manufacturing capabilities are central to its strategy for maintaining competitive advantage. However, detailed information about recent major developments specific to the company is not available in the provided data.

Revenue

In Q4FY25, Apollo Tyres reported a total income of ₹6332.52 crores, reflecting a decrease of 8.7% from the previous quarter (Q3FY25) where the total income was ₹6936.01 crores. However, compared to the same quarter in the previous fiscal year (Q4FY24), the total income increased by 1.1% from ₹6264.24 crores. This indicates a relatively stable revenue performance year-over-year despite the quarterly decline. The quarterly decrease in revenue suggests fluctuations that may be influenced by market conditions or seasonal factors, though specific reasons are not detailed in the data provided.

Profitability

The profitability of Apollo Tyres Ltd, as indicated by the Profit Before Tax (PBT), stood at ₹562.89 crores in Q4FY25, which is an increase of 21.2% from the ₹464.37 crores recorded in Q3FY25. Year-over-year, the PBT also saw a rise of 6.9% from ₹526.48 crores in Q4FY24. Despite the increase in PBT, the Profit After Tax (PAT) experienced a modest growth of 5.0% quarter-over-quarter, reaching ₹354.08 crores in Q4FY25 from ₹337.24 crores in Q3FY25, but showed a decline of 17.2% when compared to ₹427.40 crores in Q4FY24. The rise in tax expenses, which increased by 64.1% quarter-over-quarter and 110.7% year-over-year, significantly affected the net profitability. The Earnings Per Share (EPS) also demonstrated a similar pattern, increasing by 5.7% QoQ to ₹5.60, while decreasing by 16.4% YoY from ₹6.70.

Operating Metrics

The total expenses for Apollo Tyres in Q4FY25 were reported at ₹5732.83 crores, representing a decline of 11.4% from Q3FY25's ₹6467.40 crores, and a slight decrease of 0.5% from Q4FY24's ₹5760.33 crores. This reduction in expenses quarter-over-quarter aligns with the decrease in total income, indicating a potential adjustment in operational activities or cost management strategies. The quarterly reduction in expenses outpaced the revenue decline, contributing to the improved PBT. However, the YoY expense figures indicate a near-stable cost structure over the year. The financial data does not provide further insights into specific operating metrics or ratios, such as P/E ratio, debt-to-equity ratio, or current ratio, which limits a more granular analysis of operational efficiency and financial health.