Apollo Tyres Ltd has announced its Q2 FY2024-25 financial results, showing a modest year-on-year increase in revenue but a significant decline in profit. The company’s consolidated revenue from operations rose by 2.5% to ₹6,437 crore in Q2 FY25, compared to ₹6,279.57 crore in the same quarter last year. However, net profit after tax saw a 37.3% decrease, falling to ₹297.45 crore from ₹474.25 crore in Q2 FY24.
Quarterly Performance Highlights (QoQ and YoY)
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- Revenue from Operations: For the quarter ended September 30, 2024, Apollo Tyres’ revenue from operations stood at ₹6,437 crore, marking a 2.5% year-on-year increase from ₹6,279.57 crore in Q2 FY24. Compared to the previous quarter (₹6,334.85 crore in Q1 FY25), revenue grew by 1.6%.
- Net Profit: The net profit for Q2 FY25 was ₹297.45 crore, a 37.3% decline from ₹474.25 crore in Q2 FY24. Sequentially, profit decreased by 1.5% from ₹302 crore in Q1 FY25.
This quarter reflects Apollo Tyres’ ongoing challenges despite a slight improvement in revenue, with significant pressures on profitability. The company will likely focus on cost management and operational efficiency in the coming quarters to counter these challenges.
