Apollo Tyres Reports Highest Sales in Five Quarters Amid Profit Decline for December 2024

Feb 06 2025 07:36 PM IST
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Apollo Tyres has announced its financial results for the quarter ending December 2024, showcasing the highest net sales in five quarters at Rs 6,927.95 crore, driven by strong product demand. However, profitability metrics revealed challenges, with declines in both Profit Before Tax and Profit After Tax compared to previous quarters.
Apollo Tyres has recently reported its financial results for the quarter ending December 2024, revealing a complex picture of performance within the large-cap tyre industry. The company recorded its highest net sales in the last five quarters, reaching Rs 6,927.95 crore, indicating a positive near-term sales trend. This uptick in sales reflects a robust demand environment for the company's products.

However, the financial results also highlight challenges for Apollo Tyres. The Profit Before Tax (PBT) for the quarter stood at Rs 460.76 crore, which represents a decline of 10.5% compared to the average PBT of the previous four quarters. Similarly, the Profit After Tax (PAT) was reported at Rs 340.33 crore, down 10.2% from the average PAT of the prior quarters. These figures suggest a negative near-term trend in profitability metrics.

In light of these developments, Apollo Tyres has undergone an adjustment in its evaluation, reflecting the mixed performance indicators observed in the latest financial results.

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