Apollo Tyres Q2 results show mixed performance
after close1 source ↓written by the desknot a recommendation
- in Q2
- ₹258 cr
- last year
- ₹297 cr
- due to steady
- ₹1,020 cr
- Margins expanded
- 14.9%
- in the previous
- 13.6%
Apollo Tyres reported a net profit decline of 13% to ₹258 cr in Q2, down from ₹297 cr last year. Despite this, EBITDA grew 16.2% to ₹1,020 cr due to steady demand and lower raw material costs. Margins expanded to 14.9% from 13.6% in the previous year, indicating operational strength despite the profit drop.
Not investment advice. For informational purposes only.