gujarat banner
Homemarket Newsstocks News

Apollo Tyres shares hit 52-week high after all-round earnings beat

Apollo Tyres shares hit 52-week high after all-round earnings beat

Apollo Tyres shares hit 52-week high after all-round earnings beat
Read Time
1 Min(s) Read
Profile image

By CNBCTV18.com Nov 15, 2022 1:10:57 PM IST (Updated)

Revenue rose by 17.3 percent year-on-year to Rs 5,956 crore in July-September quarter against market expectations of Rs 5,749 crore and Rs 5,077 crore in the year-ago quarter.

wealth-desk wealth-desk

Buy / Sell Apollo Tyres share

Recommended Articles

View All

Apollo Tyres hit a 52-high of Rs 303.40 on Monday on the BSE
after the company’s earnings beat market expectations on all the parameters.
The company's net profit rose by 11.9 percent to Rs 194.45
crore in the September quarter, higher than analysts' expectations of Rs 159 crore, riding on lower costs and higher revenue across geographies.
For the June quarter, the company reported a net profit of Rs 190 crore.
Apollo Tyres' revenue rose by 17.3 percent to Rs 5,956 crore in the September quarter, higher than market expectations of Rs 5,749 crore.
EBITDA also grew by 11.6 percent to Rs 712 crore, higher than the market expectation of Rs 654 crore.
Apollo Tyres' operating margins were up at 12 percent compared to 12.6 percent in the year-ago quarter.
The company's revenue from the Asia Pacific, Middle East, and Africa (APMEA) region rose to Rs 4,282 crore in the September quarter compared to Rs 3,694 crore in the same period a year ago.
In Europe, the company reported a revenue of Rs 1,761 crore in the September quarter compared to Rs 1,480 crore in the year-ago quarter.
The stock is currently trading at Rs 297.70, up 4.33 percent.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!