Apollo Tyres Limited: Q1 RESULTS FY18-19

Apollo Tyres Limited, one of the leading tyre manufacturers in India, has posted its quarterly numbers when the market ends. The Company’s Q1 profit after tax (PAT) stands at INR 216.88 Cr as compared to INR 67.125 Cr a year ago. Read details –

Revenue

Apollo Tyres revenue from operation, on a standalone basis, grew by 19% year-on-year to INR 3021.15 Cr which was INR 2538.97 Cr for the period ends 30 June 2017.

When compared to QoQ basis, the company’s revenue grew by 10%. The Company’s revenue was INR 2792 Cr for the period ends January to March 2018.

The Company’s total revenue from a standalone basis stood at INR 3028.27 Cr for the period ends 30 June 2018.

Profit

Apollo Tyres Profit (PAT) for April to June 2018 period stood at INR 216.88 Cr, registering 3% de-growth when compared to QoQ basis (INR 223.68 Cr)

The Company’s Earnings per share (EPS) stood at INR 3.79 (basic) and INR 3.91 (Diluted) for the period ends 30 June 2018 and 31 March 2018, respectively.

Company Overview – Apollo Tyres Limited

Apollo Tyres Limited came into inception in 1972 and has since been a trusted name in the business of manufacture and sale of tyres. Corporate headquarters in Gurgaon, India, the company cater to over a 100 countries across the globe.

The company markets its products under our two global brands – Apollo and Vredestein. These products are available in countries across the globe through a vast network of branded, exclusive and multi-product outlets. Apollo Tyres has multiple manufacturing units in India, the Netherlands and Hungary.

At the end of the financial year 2018 a global workforce of the company stood 16,000 employees (approximately)

Stock Price Movement

The stock closed at INR 291.60 fell by just under half a percent when the market closed on Wednesday! During the quarter ended 30 June 2018, the share price of Apollo Tyres Limited fell more than 8%

Apollo Tyres on Technical Charts

The stock price of Apollo Tyres Limited traded more than 6% higher when compared to its 89 EMA (INR 273) while the stock traded more than 9% higher when compared to its 200 EMA (INR 266)

Also Read –

1) Finblab’s Valuepick Stock for the month of July 2018 – CEAT Limited (11% returns in just 25 days)

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