Q4FY17 Results : Apollo Tyres Ltd.

Apollo Tyres Ltd. reported its results for the quarter ended March 31, 2017 today. 

The company's total sales for Q4FY17 came in at Rs 3589.4 crore, which represents a 3.09 per cent sequential decline and 9.81 per cent YoY increase.

Its operating profit (EBIT) for the quarter amounted to Rs 497.13 crore and its EBIT margin stood at 13.85 per cent.

The company reported PAT of Rs 228.2 crore, which represents a sequential QoQ decline of 22.8 per cent and a YoY decline of 16.1 per cent.

The company posted revenue of Rs 14170, up by 10.3 per cent YoY, in FY2016-17. However, its PAT declined by 2.1 per cent YoY to Rs 1099 crore.

Apollo Tyres Ltd is an Indian tyre manufacturing company. The company operates in the three continents of Asia, Africa and Europe. The company's product portfolio covers the entire range of passenger cars and 4x4 (summer and winter tyres), light trucks, trucks & buses, agricultural, industrial, off-the-road and bicycle tyres, and also retreading material, retreaded tyres and alloy wheels.