The tyre manufacturer also reported total income of ₹6,451.12 crore in the fourth quarter of financial year 2024-25, up 1.8% year on year (YoY)
Technical charts indicate that shares of these 3 tyre-manufacturers can potentially rally up to another 19% from present levels; check details here
Apollo Tyres Ltd on Wednesday announced the appointment of Rajeev Kumar Sinha as its Chief Manufacturing Officer. Sinha will lead the global manufacturing team, driving the global manufacturing agenda, including strategy and planning, performance optimisation, plant management, integrated manufacturing services, corporate industrial engineering and deployment of advanced manufacturing systems, including AI/ML solutions, Apollo Tyres said in a statement. He joins Apollo Tyres from Cipla where he was the Global Chief Manufacturing Officer and was also a member of its Management Council and Non-Executive Director in select group companies, it added. "Rajeev is a global manufacturing leader who comes with over 35 years of rich experience in the operations and supply chain domain across diverse industries such as chemical, FMCG, foods & beverages and pharmaceuticals. "He will play a critical role not only in our growth journey but also in maintaining our competitive advantage. He joins
The fall in auto stocks came after the US President Donald Trump, on Wednesday, announced that he would impose a 25% tariff on all cars imported into the US that are not manufactured domestically
Barring tractors, wholesale volume performance during February 2025 was muted across most segments
Apollo Tyres Ltd on Thursday reported a 32 per cent decline in consolidated net profit to Rs 337 crore in the December quarter with high raw material cost impacting margins. The company had posted a consolidated net profit of Rs 497 crore in the same period of the last fiscal year, Apollo Tyres said in a regulatory filing. Consolidated revenue from operations in the third quarter stood at Rs 6,927.95 crore as against Rs 6,595.37 crore in the year-ago period. Total expenses in the quarter were higher at Rs 6,467.4 crore as compared to Rs 5,877.93 crore in the year-ago period. Cost of materials consumed was at Rs 3,222.77 crore as against Rs 2,884.63 crore, the company said. Commenting on the performance, Apollo Tyres Chairman Onkar Kanwar said, "Under tough market conditions we have been able to perform well in the key passenger vehicle and commercial vehicle replacement segments in India. This performance was somewhat negated by the sluggish OE segment." Europe, too, has performed
Metropolis Healthcare, Alembic Pharma and Tejas Networks are the other 3 stocks to witness a 'Death Cross' on the chart in recent days; technically this is a negative development for these stocks.
The company is collaborating with research institutions to develop innovative, bio-based materials for tyre production