Page 3 - Apollo Tyres

Apollo Tyres Q2 profit jumps two-fold at Rs 474 cr on higher auto sales

The start of the agricultural season will increase demand for replacement tyres in FY24 by high single-digits to low double-digits, analysts said

Max Fin, JSP, Oberoi: Strategy for stocks with highest F&O rollover to Nov

Dr.Reddy's, Apollo Tyres and Jindal Steel are among the five stocks which have seen rollovers of up to 88 per cent to the November series.

SAT dismisses Sebi penalty on Apollo Tyres in share buyback case

The Securities Appellate Tribunal (SAT) on Wednesday quashed the order passed by Sebi imposing a fine of Rs 65 lakh on Apollo Tyres for violating norms pertaining to buyback of shares back in 2003. Dismissing the regulator's directive, the appellate tribunal has directed the Securities and Exchange Board of India (Sebi) to refund the penalty amount deposited by Apollo Tyres within four weeks, according to the SAT order. The present appeal was filed against the Sebi's order passed in November, 2018 that levied a penalty of Rs 65 lakh on Apollo Tyres for violation of buyback rules. It was alleged that shares of Apollo Tyres were bought back by the company and its promoters in contravention of the relevant section of the Companies Act and Sebi regulations. The violations were allegedly committed by the company in 2003. According to Sebi, Apollo Tyres did not follow any of the methods for repurchase of shares as specified under the buyback regulation. Under the Regulation 4(1) of buyb

Stocks to Watch today, Sep 25: LIC, Ambuja, Bajaj Finance, JSW Steel, SBI

Stocks to watch on Monday, September 25, 2023: Canara Bank, Delta Corp, Granules, Hindustan Copper, Indiabulls Housing and Manappuram Finance are the six stocks in F&O ban period today.

Skid marks may appear in Street as oil prices wear out tyre stocks

Margins have likely peaked in Q1 as commodity headwinds start to bite

Labour dispute halts production at Apollo Tyres Limda plant in Gujarat

Apollo Tyres also revealed that there is no material impact on the operations at this stage

Apollo Tyres Q1 profit more than doubles to $48.07 million on lower costs

Apollo Tyres reported a bigger-than-expected rise in quarterly profit on Thursday, boosted by lower rubber costs and strong domestic auto sales

Apollo Tyres: Valuations reflect positives, margin expansion a key trigger

The stock is trading at 16 times its estimated FY25 consolidated earnings per share

MRF hits Rs 100,000 mark; stock touches record high on the BSE

So far in the current calendar year 2023, MRF has outperformed the market by gaining 14% on improved financial performance. In comparison, the S&P BSE Sensex gained 3% during the period

Analysts see rich valuations for paint, tyre stocks; time to book profit?

Shares of related companies have gained up to 84 per cent, as against a 14 per cent rise in the S&P BSE Sensex

Apollo Tyres expects double-digit revenue growth in FY24 on organic growth

Apollo Tyres Ltd expects double-digit revenue growth in FY24 purely on the performance of organic volume growth, according to company President Asia Pacific, Middle East and Africa, Satish Sharma. The Indian tyre industry is in a sweet spot with strong demand coming in while raw material prices are moderating, he said although reducing tyre prices would depend on competitive intensity. "We are still in the same vicinity of a double-digit growth. It is definitely on the cards," Sharma said in an interaction here. He was responding to a query on the revenue growth outlook for FY24. In 2022-23, Apollo Tyres clocked a consolidated revenue from operations of Rs 24,568 crore as against Rs 20,948 crore in 2021-22. With the base effect and impact of COVID-19 pandemic "all gone", Sharma said,"Going forward, it's all volume (growth), there is nothing that will come out of value (due to price hikes) except for a mix enrichment, which is a continuous process." For the tyre industry also, he

Sensex climbs 179 pts in fag-end, Nifty tops 18,300; auto, bank stocks lead

CLOSING BELL: The fag-end rally was powered by IndusInd Bank, Bajaj Finance, Tata Motors, Reliance Industries, HDFC Bank, Maruti Suzuki, and Bajaj Finserv

Stocks to Watch on May 10: L&T, SpiceJet, SCI, Apollo Tyres, Tata Steel

Stocks to Watch today: In a major blow, lessors have approached aviation regulator DGCA for deregistration of three planes of SpiceJet

Apollo Tyres beats Q4 profit view on lower rubber costs, strong demand

Apollo's revenue from operations rose 12% to Rs 6,247 cr as the cost of materials consumed fell around 11.2% compared to the year-ago quarter

Apollo Tyres Q4 profit jumps 4-fold on lower rubber costs, strong demand

Apollo also recommended a final dividend of Rs 4 per share

SAP will provide cloud support to Apollo Tyres to drive digital growth

Enterprise application software and cloud solutions company SAP on Wednesday said it is supporting tyre manufacturer Apollo Tyres in moving their digital core onto the cloud. Under Apollo Tyres' digitalisation efforts, moving to SAP's integrated and secure cloud platform will enable the company to secure the outer perimeter of its key systems, innovate new products and services faster, and provide superior customer experiences. "SAP...today announced, it is supporting Apollo Tyres Limited (ATL)...in moving their digital core onto the cloud and transforming the company into an intelligent, sustainable enterprise," according to a statement. SAP's business transformation as a service -- RISE With SAP -- brings the products and tools in one package enabling companies to speed their cloud journey regardless of size, industry, cloud readiness, customisation, volume, or departure point, it added. ATL's move to adopt RISE With SAP reflects commitment to gain a distinctive competitive ...

Tyre stocks in focus: Ceat, JK Tyre surge up to 11% on healthy margin hopes

Inherent to the tyre industry, raw material costs forms the largest cost head, accounting up to 65 per cent of the total cost, said analysts

Near-term demand worries in replacements biz cloud Apollo Tyres' outlook

There could be some margin relief on account of falling input costs

Despite a good Q3, near-term demand worries cloud Apollo Tyres' outlook

There could, however, be some margin relief on account of falling input costs

Apollo Tyres Q3 results: Net profit rises 30% to Rs 292 cr, revenue up 13%

Apollo Tyres on Thursday said its consolidated net profit increased 30 per cent to Rs 292 crore for the December quarter, aided by robust sales in the domestic market. The company had reported a net profit of Rs 224 crore in the year-ago period. Revenue from operations rose 13 per cent to Rs 6,423 crore, as against Rs 5,707 crore in the October-December quarter of previous fiscal, the company said in a statement. "The domestic demand has helped us tide over the recessionary trends elsewhere. Having said that, our European Operations have still outperformed the market in the first 9 months of this fiscal," Apollo Tyres Chairman Onkar Kanwar said. Input costs eased to some extent in the past quarter, helping improve the company's margins, he noted. The demand momentum in the medium term looks positive, while there may be some headwinds in the near term, Kanwar said. On Thursday, shares of the company ended 0.5 per cent up at Rs 331.35 apiece on the BSE.