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Apollo Tyres - Quaterly Results

09 May 2023 Evaluate
The revenue for the March 2023 quarter is pegged at Rs. 43662.34 millions, about 9.48% up against Rs. 39880.45 millions recorded during the year-ago period.The company almost doubled its revenue to Rs. 2560.32 millions  from Rs. 542.97 millions in the quarter ended March 2023.Operating profit surged to 7135.66 millions from the corresponding previous quarter of 4143.45 millions.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202303 202203 % Var 202303 202203 % Var 202303 202203 % Var
Sales 43662.34 39880.45 9.48 173010.19 146494.04 18.10 173010.19 146494.04 18.10
Other Income 171.78 382.95 -55.14 751.26 1268.96 -40.80 751.26 1268.96 -40.80
PBIDT 7135.66 4143.45 72.22 21860.45 15576.89 40.34 21860.45 15576.89 40.34
Interest 1182.91 1081.03 9.42 4672.28 3821.56 22.26 4672.28 3821.56 22.26
PBDT 5952.75 3062.42 94.38 17188.17 11742.65 46.37 17188.17 11742.65 46.37
Depreciation 2421.37 2337.67 3.58 9070.50 8239.13 10.09 9070.50 8239.13 10.09
PBT 3531.38 724.75 387.25 8117.67 3503.52 131.70 8117.67 3503.52 131.70
TAX 971.06 181.78 434.20 2330.29 892.88 160.99 2330.29 892.88 160.99
Deferred Tax 319.65 70.94 350.59 853.14 281.29 203.30 853.14 281.29 203.30
PAT 2560.32 542.97 371.54 5787.38 2610.64 121.68 5787.38 2610.64 121.68
Equity 635.10 635.10 0.00 635.10 635.10 0.00 635.10 635.10 0.00
PBIDTM(%) 16.34 10.39 57.30 12.64 10.63 18.83 12.64 10.63 18.83
Peers
Company Name CMP
MRF 125528.60
Apollo Tyres 411.80
JK Tyres & Inds. 349.55
Ceat 3468.20
Balkrishna Inds. 2267.75
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