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Apollo Tyres reports 24% lower profit in Q1 2024/5

Author: Stephen Goodchild Comments: 0
(Image: Stephen Goodchild / Tyre Industry Publications Ltd)

The Board of Directors of Apollo Tyres Ltd has approved the company’s unaudited results for the first quarter of the financial year 2024-25, reporting a consolidated revenue of Rs 63.35 billion (£590.70 million). Operating profit amounted to Rs 9.09 billion (£84.68 million), down 13.5% from a year earlier, while net profit decreased 23.9% year-on-year, to Rs 3.02 billion.

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