494.25
2.87%
ICICI Securities Limited
ICICI Securities Ltd | Retail Equity Research Apollo Tyres' (ATL) revenues came in at | 3,458 crore (up 16.9% YoY) above our estimate of | 3,104 crore. In terms of geography, gross revenues from Asia Pacific Middle East & Africa (APMEA) increased by 2% YoY (volumes up 7% YoY while pricing fell 5% YoY) to | 2,493 crore while revenue from Europe & America (EA) subsidiary increased 54.3% YoY to |1,262 crore. Consolidated EBITDA margins came in at 14.4% (down 276 bps YoY;...
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