Apollo Tyres shares saw a 3% surge following the announcement of its Q3 FY25 results. As of 11:03 AM, the shares were trading 2.80% higher at Rs 428.05.
The company reported a 5% increase in revenue, reaching Rs 6,928 crore compared to Rs 6,595 crore in the previous year. Despite the revenue growth, Apollo Tyres faced a decline in its profitability. The company’s EBITDA dropped by 21.6%, standing at Rs 947 crore, down from Rs 1,208 crore in Q3FY24. As a result, the EBITDA margin contracted to 13.7% from 18.3% in the same period last year.
Net profit also took a significant hit, falling 32.1% to Rs 337 crore, down from Rs 497 crore in Q3FY24.
Apollo Tyres shares opened at ₹414.00 and reached a high of ₹429.90, maintaining a low of ₹414.00 during the trading session. The stock’s 52-week high stands at ₹584.90, while the 52-week low is ₹407.05.
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