506.6000 -3.45 (-0.68%)
NSE Jan 20, 2026 15:31 PM
Volume: 997.5K
 

logo
Apollo Tyres Ltd.
05 Nov 2019
506.60
-0.68%
Reliance Securities
Likely to Witness Steady Improvement; Maintain BUY Apollo tyres (ATL) has delivered a weak performance in 2QFY20 with its consolidated revenue, EBITDA and adjusted PAT declining both on YoY and QoQ basis due to 45% YoY decline in OEM business. Its replacement segment reported a decent 6% YoY growth, while exports witnessed strong growth. Its revenue and EBIDTA declined by 6% YoY/8% QoQ and 8% YoY/9% QoQ to Rs39.8bn and Rs4.3bn vs. our estimate Rs42bn and Rs4.3bn. Its EBITDA margin fell by 14bps YoY/13bps QoQ to 10.8% vs. our estimate of 10.1%, aided by better product-mix and higher contribution of replacement segment. Overall volume declined by 13% YoY, while improved...
Apollo Tyres Ltd. is trading below its 30 day SMA of 509.2
More from Apollo Tyres Ltd.
Recommended