Apollo Tyres Reports 3% Revenue Growth in FY25

Apollo Tyres Ltd reported a consolidated revenue growth of 3% for FY25, with revenues reaching Rs 26,123 crores compared to Rs 25,378 crores in the previous fiscal year. For the fourth quarter, revenues also increased by 3% to Rs 6,424 crores.

Operating profit for FY25 stood at Rs 3,572 crores, down from Rs 4,447 crores in FY24. Net profit declined to Rs 1,121 crores from Rs 1,722 crores in the previous fiscal year.

In the fourth quarter specifically, operating profit was reported at Rs 837 crores compared to Rs 1,028 crores in Q4 FY24, while net profit for the quarter closed at Rs 185 crores, down from Rs 354 crores in the same period last fiscal.

Indian Operations revenue grew in single digits for both the full year and the fourth quarter.

Onkar Kanwar, Chairman of Apollo Tyres Ltd, acknowledged that the company's performance over recent quarters has not met industry benchmarks or internal expectations. Following an internal review, the company has identified key challenges that contributed to the underperformance and implemented targeted strategies to address these issues. Kanwar expressed confidence in delivering stronger results in upcoming quarters.

The company's Board of Directors has recommended a dividend of Rs 5.00 per equity share (500%) on a face value of Re 1, subject to shareholder approval at the upcoming Annual General Meeting.

Apollo Tyres Ltd is an international tyre manufacturer and the leading tyre brand in India with multiple manufacturing units in India and facilities in The Netherlands and Hungary. The company markets its products under two global brands – Apollo and Vredestein – with availability in over 100 countries through its distribution network.