Hot Pursuit     04-Feb-21
Apollo Tyres on the roll after Q3 PAT jumps 155% YoY
Apollo Tyres gained 7.48% to Rs 244.30 after the tyre maker reported a 155% jump in consolidated net profit to Rs 443.81 crore in Q3 FY21 from Rs 173.86 crore in Q3 FY20.
Net sales for the quarter ended December 2020 stood at Rs 4,965.30 crore, up 14.2% over Rs 4347.16 crore in quarter ended December 2019. Apollo Tyres said topline performance was driven by strong demand recovery across segments in India. The announcement was made after market hours yesterday, 3 February 2021.

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.

Previous News
  Apollo Tyres announces board meeting date
 ( Corporate News - 31-Oct-23   14:05 )
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 ( Corporate News - 23-Jun-23   10:09 )
  Apollo Tyres consolidated net profit rises 108.16% in the June 2023 quarter
 ( Results - Announcements 11-Aug-23   07:43 )
  Apollo Tyres to table results
 ( Corporate News - 02-Aug-24   14:13 )
  Apollo Tyres announces board meeting date
 ( Corporate News - 03-May-23   16:54 )
  Apollo Tyres to hold board meeting
 ( Corporate News - 27-Jan-20   16:43 )
  Apollo Tyres gains on acquiring 27% stake in CSE Deccan Solar for Rs 9 cr
 ( Hot Pursuit - 17-Jan-22   09:52 )
  Apollo Tyres to conduct AGM
 ( Corporate News - 04-Jun-22   16:40 )
  Apollo Tyres
 ( Results - Analysis 09-May-17   13:18 )
  Apollo Tyres standalone net profit rises 190.06% in the June 2023 quarter
 ( Results - Announcements 11-Aug-23   07:41 )
  Apollo Tyres to discuss results
 ( Corporate News - 03-May-19   11:48 )
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