Apollo Tyres Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 07, 2023 at 08:25 am EST
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Apollo Tyres Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 62,795.65 million compared to INR 59,560.47 million a year ago. Revenue was INR 63,048.86 million compared to INR 69,628.98 million a year ago. Net income was INR 4,742.51 million compared to INR 1,793.91 million a year ago. Basic earnings per share from continuing operations was INR 7.47 compared to INR 2.82 a year ago. Diluted earnings per share from continuing operations was INR 7.47 compared to INR 2.82 a year ago.
For the six months, sales was INR 126,241.45 million compared to INR 118,980.49 million a year ago. Revenue was INR 126,850.09 million compared to INR 119,166.04 million a year ago. Net income was INR 8,711.59 million compared to INR 3,567.58 million a year ago. Basic earnings per share from continuing operations was INR 13.72 compared to INR 5.62 a year ago. Diluted earnings per share from continuing operations was INR 13.72 compared to INR 5.62 a year ago.
Apollo Tyres Limited is engaged in the manufacturing and sale of automotive tires. The Company operates through the automobile tires, automobile tubes and automobile flaps segment. Its geographical segments include Asia Pacific, Middle East, and Africa (APMEA), Europe and Others. It caters to specific consumer segments through its brands, Apollo and Vredestein. The Apollo brand is available across various categories, including commercial, passenger vehicles, two-wheelers, farm and industrial. The Vredestein brand products include car tires, tires for agricultural and industrial applications and bicycle tires. The product portfolio of the Company includes the entire range of passenger car, SUV, MUV, light truck, truck-bus, two-wheeler, agriculture, industrial, specialty, bicycle and off-the-road tires, and retreading material and tires. Its operations are in India and comprises five tire manufacturing plants, two located in Cochin and one each at Vadodara, Chennai, and Andhra Pradesh.
APOLLO TYRES LIMITED 
