Revenue

Apollo Tyres revenue from operation, on a standalone basis, grew by 19% year-on-year to INR 3021.15 Cr which was INR 2538.97 Cr for the period ends 30 June 2017.

When compared to QoQ basis, the company’s revenue grew by 10%. The Company’s revenue was INR 2792 Cr for the period ends January to March 2018.

The Company’s total revenue from a standalone basis stood at INR 3028.27 Cr for the period ends 30 June 2018.

Profit

Apollo Tyres Profit (PAT) for April to June 2018 period stood at INR 216.88 Cr, registering 3% de-growth when compared to QoQ basis (INR 223.68 Cr)

The Company’s Earnings per share (EPS) stood at INR 3.79 (basic) and INR 3.91 (Diluted) for the period ends 30 June 2018 and 31 March 2018, respectively.

Company Overview – Apollo Tyres Limited

Apollo Tyres Limited came into inception in 1972 and has since been a trusted name in the business of manufacture and sale of tyres. Corporate headquarters in Gurgaon, India, the company cater to over a 100 countries across the globe.

The company markets its products under our two global brands – Apollo and Vredestein. These products are available in countries across the globe through a vast network of branded, exclusive and multi-product outlets. Apollo Tyres has multiple manufacturing units in India, the Netherlands and Hungary.

At the end of the financial year 2018 a global workforce of the company stood 16,000 employees (approximately)

Stock Price Movement

The stock closed at INR 291.60 fell by just under half a percent when the market closed on Wednesday! During the quarter ended 30 June 2018, the share price of Apollo Tyres Limited fell more than 8%

Apollo Tyres on Technical Charts

The stock price of Apollo Tyres Limited traded more than 6% higher when compared to its 89 EMA (INR 273) while the stock traded more than 9% higher when compared to its 200 EMA (INR 266)

Also Read –

1) Finblab’s Valuepick Stock for the month of July 2018 – CEAT Limited (11% returns in just 25 days)

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “Fin Blab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Apollo Tyres Limited: Q1 RESULTS FY18-19 appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

Q2 – FY 2017-18 was again a disappointing quarter for the tyre manufacturers in India. Click here to see Q1 Results.

As far as numbers are concern, the profits of all the companies were down in the range of 16% to 96%, while revenues were almost flat to negative.

The Common Parameter/s for such Performance for the Sector is/are –

Higher Raw Material prices

Positive Sign for the Tyre Sector –

• Results were an indication of the market that is showing signs of picking pace
• Riding on better market sentiment following the GST rollout
• The imposition of anti-dumping duty on cheap chinise Bus/Trucks Radials, announced towards the end of the quarter is a positive step
• The Government’s focus on roads and infrastructure, supported by affordable consumer financing is likely to have a positive impact

Market Leader Performance:

Market leader MRF registered 2.05% falls in Revenues and 22.16% falls in Profits as compared to the same period last year.

Star Performer in the Sector:

The star performer in the sector for the quarter ended 30th September 2017 were Balkrishna Industries and ApolloTyres where the company Revenues grew by 14.09% and 6.74% respectively (while Profits were down) as compared to same period last year.

Here is the Data –

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “Fin Blab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post TYRE SECTOR: Q2 ( JULY – SEPT ’17 ) RESULTS AND ANALYSIS appeared first on Upcoming ipos: Latest news on stocks, economy & finance.