The tyre maker's profit before tax jumped 206% to Rs 615.27 crore in Q3 FY21 from Rs 201.07 crore in Q3 FY20. Current tax outgo spiked 81.2% to Rs 115.1 crore in Q3 FY21 over Q3 FY20.
EBITDA grew by 85% year on year to Rs 989.4 crore in Q3 FY21 over Q3 FY20. EBITDA margin saw a sharp improvement and stood at 19.2% in Q3 FY21 from 12.1% in Q3 FY20.
Apollo Tyres is an international tyre major with manufacturing units in India, the Netherlands and Hungary.