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Apollo Tyres Quarterly Results | Q1 2023

Business |Financials

The company reported Revenue from Operations for the quarter at Rs 6245 crores an increase 5% against Rs 5942 crores.

1106 views | Date: August 11, 2023

Apollo Tyres Quarterly Results | Q1 2023

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Gurugram-Apollo Tyres Ltd., has declared its Q1 consequences of the FY24 on a combined premise, revealed an income of Rs 6245 crores. The organization said that the European Tasks performed better compared to the market under an extreme situation, while in India the emphasis stayed on higher edge items and markets.

The organization detailed Income from Tasks for the quarter at Rs 6245 crores an increment 5% against Rs 5942 crores. The Working benefit was up 52% at Rs 1051 crores, as against Rs 690 crores. The organization's Net benefit expanded 124% to close at Rs 397 crores, as against Rs 177 crores in the last monetary.

Mr. Onkar Kanwar, Director, Apollo Tyres Ltd said, "My commendations to the group in Europe for beating the market, in spite of the continuous difficulties. In India we have done well in the key substitution market section, while zeroing in on enhancing our item and market blend for better productivity, from a drawn out viewpoint. This, alongside stable information costs have brought about better edges in the past quarter."