Apollo Tyres reports Rs 302 crore in net profit during Q1 FY25

"The replacement and exports from India have witnessed good growth, and we expect the same to continue in the coming quarters as well," said Onkar Kanwar.

Autocar Professional BureauBy Autocar Professional Bureau calendar 07 Aug 2024 Views icon1634 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Apollo Tyres reports Rs 302 crore in net profit during Q1 FY25

Apollo Tyres reported a net profit of Rs 302 crore during Q1 FY25 as against Rs 397 crore during the same period last year. Meanwhile, revenue from operations closed at Rs 6335 crore when compared with Rs 6245 crore in Q1 FY24. 

Commenting on the company’s performance in the first quarter, Onkar Kanwar, Chairman, Apollo Tyres Ltd said, "The replacement and exports from India have witnessed good growth, and we expect the same to continue in the coming quarters as well. Europe continues to perform well under current market conditions." 

The company’s consolidated revenues for the financial year 2024 grew 3% to close at Rs 25,378 crore, whereas net profit was up 65% to close at Rs 1,722 crore, as against Rs 1,046 crore in the same period last fiscal. This has been due to the various measures we implemented to enhance its financial performance, the company said. 

Tags: Apollo Tyres
RELATED ARTICLES
MG Group Unveils TIGRA Super-Premium Coach, Launches New Corporate Identity

auther Shruti Shiraguppi calendar08 Jul 2025

Company introduces luxury intercity vehicle manufactured at Belagavi facility for domestic and international markets.

"Three to Six Months”: Epsilon’s Handa Warns the Graphite Crisis Is Closer Than We Think

auther Autocar Professional Bureau calendar08 Jul 2025

Epsilon MD Vikram Handa warns that geopolitical control tactics seen in rare earths are now mirrored in graphite, urging...

Varroc Engineering Faces Arbitration Over Alleged Covenant Breaches; OPmobility Seeks Over $66 Million

auther Sarthak Mahajan calendar08 Jul 2025

ICC Court of Arbitration issues notice over a securities agreement dispute; VarrocCorp Holding B.V. and parent company e...