494.0000 -1.15 (-0.23%)
NSE May 27, 2025 15:31 PM
Volume: 1.1M
 

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Apollo Tyres Ltd.
15 May 2024
494.00
-0.23%
ICICI Securities Limited
Apollo Tyres’ (APTY) standalone EBITDAM was down 90bps QoQ at 17.2% vs I-Sec estimate of 19.6%, with Q4 being a seasonally strong quarter in terms of demand and raw material basket cost was likely to be favourable. Margin miss was due to i) lower-thanexpected revenue, ii) lower GM and iii) higher other expenses (even after adjusting for EPR provisioning) due to elevated ad/marketing expenses to enhance brand presence in replacement market
Apollo Tyres Ltd. is trading above all available SMAs
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