Apollo Tyres Ltd.
APOLLOTYREConsumer Discretionary filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
20 transcript(s)/analyst meet(s) served; 1 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 20 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20200706 | 2020-06-30 | yes | |
| TRANSCRIPT | 20220520 | 2022-03-31 | yes | |
| TRANSCRIPT | 20220822 | 2022-06-30 | yes | |
| TRANSCRIPT | 20221122 | 2022-09-30 | yes | |
| COVER_LETTER | 20230207 | 2022-12-31 | no | |
| TRANSCRIPT | 20230213 | 2022-12-31 | yes | |
| TRANSCRIPT | 20230517 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230821 | 2023-06-30 | yes | |
| TRANSCRIPT | 20231116 | 2023-09-30 | yes | |
| TRANSCRIPT | 20240214 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240522 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240814 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241121 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250219 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250521 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250812 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251118 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260210 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260518 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260811 | 2026-06-30 | yes |
APOLLOTYRE
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 397.95 |
| 52-week range | 371.8 – 536.9 |
| Return 1M | -9.84% |
| Return 3M | -7.59% |
| Return 1Y | -19.56% |
| Return 3Y | 5.43% |
| Return 5Y | 73.93% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 7,398.00 |
| Other income | 58.00 |
| Total income | 7,456.00 |
| Cost of materials consumed | 4,090.00 |
| Purchases of stock-in-trade | 552.00 |
| Changes in inventories | -419.00 |
| Employee benefit expense | 963.00 |
| Finance costs | 91.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.37 | 0.00 |
| institutions foreign | 0.10 | -0.02 |
| institutions domestic | 0.29 | 0.01 |
| mutual funds | 0.18 | 0.00 |
| public | 0.63 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| COVER_LETTER | 2022-12-31 | 1 |
| TRANSCRIPT | 2026-06-30 | 19 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 5,956.00 | 6,423.00 | 6,247.00 | 6,245.00 | 6,280.00 | 6,595.00 | 6,258.00 | 6,335.00 | 6,437.00 | 6,928.00 | 6,424.00 | 6,561.00 | 6,831.00 | 7,743.00 | 7,336.00 | 7,398.00 |
| Other income | 7.00 | 7.00 | 17.00 | 36.00 | 25.00 | 18.00 | 74.00 | 31.00 | 22.00 | 8.00 | 28.00 | 19.00 | 30.00 | 50.00 | 35.00 | 58.00 |
| Total income | 5,963.00 | 6,429.00 | 6,264.00 | 6,280.00 | 6,305.00 | 6,614.00 | 6,333.00 | 6,366.00 | 6,459.00 | 6,936.00 | 6,451.00 | 6,580.00 | 6,861.00 | 7,793.00 | 7,371.00 | 7,456.00 |
| Cost of materials consumed | 3,102.00 | 2,993.00 | 2,762.00 | 2,877.00 | 2,635.00 | 2,885.00 | 2,662.00 | 3,079.00 | 3,335.00 | 3,223.00 | 3,227.00 | 3,283.00 | 3,168.00 | 3,290.00 | 3,480.00 | 4,090.00 |
| Purchases of stock-in-trade | 605.00 | 718.00 | 766.00 | 606.00 | 608.00 | 615.00 | 547.00 | 568.00 | 613.00 | 723.00 | 565.00 | 650.00 | 545.00 | 678.00 | 605.00 | 552.00 |
| Changes in inventories | -66.00 | 165.00 | 10.00 | -51.00 | 169.00 | 19.00 | 94.00 | -195.00 | -391.00 | 106.00 | -158.00 | -265.00 | 22.00 | 291.00 | -196.00 | -419.00 |
| Employee benefit expense | 614.00 | 672.00 | 688.00 | 739.00 | 739.00 | 767.00 | 729.00 | 797.00 | 770.00 | 797.00 | 766.00 | 870.00 | 879.00 | 909.00 | 885.00 | 963.00 |
| Finance costs | 132.00 | 142.00 | 139.00 | 135.00 | 133.00 | 123.00 | 115.00 | 107.00 | 120.00 | 111.00 | 109.00 | 101.00 | 101.00 | 100.00 | 90.00 | 91.00 |
| Depreciation and amortisation | 349.00 | 354.00 | 372.00 | 362.00 | 360.00 | 368.00 | 388.00 | 370.00 | 376.00 | 376.00 | 377.00 | 378.00 | 383.00 | 385.00 | 397.00 | 391.00 |
| Other expenses | 989.00 | 962.00 | 1,024.00 | 1,022.00 | 968.00 | 1,101.00 | 1,199.00 | 1,177.00 | 1,233.00 | 1,132.00 | 1,186.00 | 1,155.00 | 1,196.00 | 1,388.00 | 1,492.00 | 1,345.00 |
| Total expenses | 5,725.00 | 6,006.00 | 5,760.00 | 5,691.00 | 5,613.00 | 5,878.00 | 5,733.00 | 5,902.00 | 6,055.00 | 6,467.00 | 6,073.00 | 6,171.00 | 6,295.00 | 7,043.00 | 6,753.00 | 7,012.00 |
| Profit before exceptional items and tax | 238.00 | 424.00 | 504.00 | 590.00 | 692.00 | 736.00 | 600.00 | 464.00 | 404.00 | 469.00 | 378.00 | 409.00 | 566.00 | 750.00 | 618.00 | 444.00 |
| Exceptional items | 0.00 | 0.00 | 23.00 | -13.00 | -12.00 | -15.00 | -37.00 | -40.00 | -5.00 | -4.00 | -119.00 | -370.00 | -180.00 | -27.00 | -456.00 | 24.00 |
| Profit before tax | 238.00 | 424.00 | 526.00 | 576.00 | 680.00 | 721.00 | 563.00 | 423.00 | 399.00 | 464.00 | 260.00 | 38.00 | 386.00 | 723.00 | 161.00 | 468.00 |
| Current tax | 28.00 | 90.00 | 88.00 | 96.00 | 98.00 | 116.00 | 110.00 | 51.00 | 58.00 | 76.00 | 87.00 | 52.00 | 75.00 | 145.00 | 152.00 | 113.00 |
| Deferred tax | 16.00 | 42.00 | 11.00 | 83.00 | 108.00 | 108.00 | 99.00 | 71.00 | 43.00 | 52.00 | -12.00 | -27.00 | 53.00 | 108.00 | -621.00 | 6.00 |
| Tax expense | 44.00 | 132.00 | 99.00 | 179.00 | 206.00 | 224.00 | 209.00 | 121.00 | 101.00 | 127.00 | 75.00 | 25.00 | 128.00 | 253.00 | -469.00 | 119.00 |
| Profit for the period | 194.00 | 292.00 | 427.00 | 397.00 | 474.00 | 497.00 | 354.00 | 302.00 | 297.00 | 337.00 | 185.00 | 13.00 | 258.00 | 471.00 | 631.00 | 349.00 |
| Profit attributable to owners | 0.00 | 0.00 | 427.00 | 0.00 | 474.00 | 497.00 | 354.00 | 302.00 | 297.00 | 337.00 | 185.00 | 13.00 | 258.00 | 471.00 | 631.00 | 349.00 |
| Profit attributable to non-controlling interests | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other comprehensive income | -340.00 | 617.00 | 248.00 | 100.00 | -282.00 | 330.00 | -261.00 | -32.00 | 221.00 | -386.00 | 322.00 | 568.00 | 309.00 | 148.00 | 187.00 | 356.00 |
| Total comprehensive income | -146.00 | 909.00 | 676.00 | 497.00 | 193.00 | 827.00 | 93.00 | 270.00 | 518.00 | -49.00 | 506.00 | 580.00 | 568.00 | 619.00 | 818.00 | 705.00 |
| Earnings per share, basic | 3.06 | 4.60 | 6.73 | 6.25 | 7.47 | 7.82 | 5.58 | 4.76 | 4.68 | 5.31 | 2.91 | 0.20 | 4.07 | 7.43 | 9.97 | 5.52 |
| Earnings per share, diluted | 3.06 | 4.60 | 6.73 | 6.25 | 7.47 | 7.82 | 5.58 | 4.76 | 4.68 | 5.31 | 2.91 | 0.20 | 4.07 | 7.43 | 9.97 | 5.52 |
Annual results, as filed
| Line | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 17,549.00 | 16,327.00 | 17,397.00 | 20,948.00 | 24,568.00 | 25,378.00 | 26,123.00 | 28,471.00 |
| Other income | 123.00 | 47.00 | 129.00 | 123.00 | 41.00 | 154.00 | 88.00 | 133.00 |
| Total income | 17,672.00 | 16,374.00 | 17,526.00 | 21,071.00 | 24,609.00 | 25,531.00 | 26,212.00 | 28,604.00 |
| Cost of materials consumed | 8,614.00 | 7,050.00 | 7,065.00 | 10,955.00 | 12,262.00 | 11,056.00 | 12,865.00 | 13,222.00 |
| Purchases of stock-in-trade | 1,983.00 | 1,834.00 | 2,009.00 | 2,206.00 | 2,678.00 | 2,376.00 | 2,469.00 | 2,479.00 |
| Changes in inventories | -470.00 | 192.00 | 320.00 | -776.00 | -303.00 | 231.00 | -639.00 | -147.00 |
| Employee benefit expense | 2,456.00 | 2,482.00 | 2,513.00 | 2,574.00 | 2,620.00 | 2,964.00 | 3,130.00 | 3,542.00 |
| Finance costs | 181.00 | 281.00 | 443.00 | 444.00 | 531.00 | 506.00 | 447.00 | 391.00 |
| Depreciation and amortisation | 813.00 | 1,138.00 | 1,315.00 | 1,400.00 | 1,419.00 | 1,478.00 | 1,498.00 | 1,543.00 |
| Other expenses | 3,008.00 | 2,854.00 | 2,692.00 | 3,414.00 | 3,998.00 | 4,303.00 | 4,728.00 | 5,232.00 |
| Total expenses | 16,584.00 | 15,830.00 | 16,357.00 | 20,218.00 | 23,205.00 | 22,914.00 | 24,497.00 | 26,262.00 |
| Profit before exceptional items and tax | 1,088.00 | 543.00 | 1,169.00 | 853.00 | 1,404.00 | 2,617.00 | 1,715.00 | 2,342.00 |
| Exceptional items | -200.00 | 0.00 | -608.00 | -6.00 | 23.00 | -77.00 | -169.00 | -1,034.00 |
| Profit before tax | 888.00 | 543.00 | 561.00 | 848.00 | 1,427.00 | 2,540.00 | 1,546.00 | 1,309.00 |
| Current tax | 187.00 | 127.00 | 225.00 | 95.00 | 251.00 | 421.00 | 272.00 | 424.00 |
| Deferred tax | 21.00 | -60.00 | -14.00 | 114.00 | 72.00 | 397.00 | 154.00 | -487.00 |
| Tax expense | 208.00 | 67.00 | 211.00 | 209.00 | 323.00 | 818.00 | 425.00 | -63.00 |
| Profit for the period | 680.00 | 476.00 | 350.00 | 639.00 | 1,105.00 | 1,722.00 | 1,121.00 | 1,372.00 |
| Profit attributable to owners | 0.00 | 0.00 | 0.00 | 639.00 | 1,105.00 | 1,722.00 | 1,121.00 | 1,372.00 |
| Profit attributable to non-controlling interests | 0.00 | 0.00 | 0.00 | — | 0.00 | 0.00 | 0.00 | 0.00 |
| Other comprehensive income | -210.00 | -155.00 | 112.00 | -107.00 | 227.00 | -112.00 | 124.00 | 1,213.00 |
| Total comprehensive income | 470.00 | 321.00 | 462.00 | 531.00 | 1,332.00 | 1,610.00 | 1,245.00 | 2,585.00 |
| Earnings per share, basic | 11.88 | 8.33 | 5.68 | 10.06 | 17.39 | 27.11 | 17.66 | 21.66 |
| Earnings per share, diluted | 11.88 | 8.33 | 5.68 | 10.06 | 17.39 | 27.11 | 17.66 | 21.65 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 25,775.00 | 27,359.00 | 26,392.00 | 26,957.00 | 27,505.00 | 27,306.00 | 29,009.00 | 29,240.00 |
| Non-current assets | 17,888.00 | 18,501.00 | 17,833.00 | 17,930.00 | 17,810.00 | 17,491.00 | 18,501.00 | 18,541.00 |
| Current assets | 7,887.00 | 8,859.00 | 8,559.00 | 9,028.00 | 9,695.00 | 9,815.00 | 10,508.00 | 10,698.00 |
| Property, plant and equipment | 15,117.00 | 16,685.00 | 15,306.00 | 15,141.00 | 14,859.00 | 14,576.00 | 14,831.00 | 14,547.00 |
| Capital work-in-progress | 474.00 | 199.00 | 321.00 | 283.00 | 421.00 | 325.00 | 647.00 | 918.00 |
| Goodwill | 205.00 | 229.00 | 225.00 | 231.00 | 240.00 | 237.00 | 268.00 | 277.00 |
| Other intangible assets | 1,492.00 | 739.00 | 1,424.00 | 1,634.00 | 1,595.00 | 1,597.00 | 1,675.00 | 1,662.00 |
| Inventories | 4,671.00 | 4,428.00 | 4,211.00 | 4,246.00 | 5,146.00 | 5,131.00 | 5,403.00 | 5,452.00 |
| Trade receivables | 1,781.00 | 2,489.00 | 2,412.00 | 2,665.00 | 2,887.00 | 3,062.00 | 3,282.00 | 3,191.00 |
| Cash and cash equivalents | 766.00 | 836.00 | 724.00 | 912.00 | 864.00 | 886.00 | 876.00 | 1,029.00 |
| Total equity and liabilities | 25,775.00 | 27,359.00 | 26,392.00 | 26,957.00 | 27,505.00 | 27,306.00 | 29,009.00 | 29,240.00 |
| Equity | 11,293.00 | 12,878.00 | 12,982.00 | 13,902.00 | 14,309.00 | 14,766.00 | 15,533.00 | 16,715.00 |
| Equity share capital | 64.00 | 64.00 | 64.00 | 64.00 | 64.00 | 64.00 | 64.00 | 64.00 |
| Other equity | 11,230.00 | 12,814.00 | 12,919.00 | 13,839.00 | 14,245.00 | 14,702.00 | 15,469.00 | 16,652.00 |
| Total liabilities | 14,481.00 | 14,481.00 | 13,410.00 | 13,055.00 | 13,197.00 | 12,540.00 | 13,476.00 | 12,525.00 |
| Non-current liabilities | 7,003.00 | 6,471.00 | 5,907.00 | 6,011.00 | 5,188.00 | 5,180.00 | 5,127.00 | 4,441.00 |
| Current liabilities | 7,478.00 | 8,010.00 | 7,503.00 | 7,044.00 | 8,008.00 | 7,360.00 | 8,349.00 | 8,084.00 |
| Borrowings, non-current | 4,305.00 | 3,790.00 | 2,908.00 | 2,673.00 | 1,910.00 | 1,829.00 | 1,609.00 | 1,502.00 |
| Borrowings, current | 1,989.00 | 1,798.00 | 1,861.00 | 1,269.00 | 1,951.00 | 1,548.00 | 1,845.00 | 1,130.00 |
| Trade payables | 3,193.00 | 3,354.00 | 2,798.00 | 2,979.00 | 3,245.00 | 2,874.00 | 2,851.00 | 3,224.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 146.00 | 2,134.00 | 1,474.00 | 3,440.00 | 600.00 | 1,823.00 | 1,315.00 | 3,667.00 |
| Net cash from investing activities | 237.00 | -476.00 | -89.00 | -711.00 | 209.00 | -202.00 | -565.00 | -1,341.00 |
| Net cash from financing activities | -489.00 | -1,692.00 | -1,500.00 | -2,659.00 | -851.00 | -1,647.00 | -762.00 | -2,177.00 |
| Purchase of property, plant and equipment | 382.00 | 775.00 | 355.00 | 730.00 | 317.00 | 769.00 | 570.00 | 1,403.00 |
| Net increase in cash | -105.00 | -34.00 | -115.00 | 70.00 | -42.00 | -26.00 | -11.00 | 149.00 |
| con:CFO.BEFORE_TAX | 238.00 | 2,351.00 | 1,651.00 | 3,824.00 | 808.00 | 2,216.00 | 1,522.00 | 4,099.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 92.00 | 217.00 | 177.00 | 384.00 | 208.00 | 393.00 | 207.00 | 431.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 3.00 | 2.00 | 4.00 | 5.00 | 6.00 | 6.00 | 10.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 6.00 | 14.00 | 40.00 | 57.00 | 13.00 | 38.00 | 21.00 | 48.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 37.34 | 37.34 | 37.34 | 37.34 | 37.36 | 37.36 | 37.36 | 37.36 | 37.36 | 36.95 | 0.37 | 0.37 | 0.37 | 0.37 |
| Domestic institutions | 17.77 | 17.22 | 17.74 | 22.02 | 21.98 | 25.13 | 25.56 | 26.12 | 26.51 | 27.53 | 0.28 | 0.28 | 0.28 | 0.29 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 18.45 | 0.18 | 0.18 | 0.18 | 0.18 |
| Insurance companies | 2.52 | 2.63 | 3.47 | 4.30 | 4.90 | 5.47 | 6.43 | 6.91 | 7.79 | 8.41 | 0.10 | 0.10 | 0.09 | 0.10 |
| Foreign institutions | 22.36 | 23.41 | 22.10 | 17.96 | 18.15 | 14.46 | 14.55 | 14.21 | 13.43 | 12.27 | 0.12 | 0.12 | 0.12 | 0.10 |
| Government | — | — | — | — | — | — | — | — | — | 1.57 | 0.02 | 0.02 | 0.02 | 0.02 |
| Public | 62.66 | 62.66 | 62.66 | 62.66 | 62.64 | 62.64 | 62.64 | 62.64 | 62.64 | 62.83 | 0.63 | 0.63 | 0.63 | 0.63 |
| Non-institutional | 20.95 | 20.45 | 21.24 | 21.10 | 20.93 | 21.48 | 20.96 | 20.73 | 21.13 | 21.45 | 0.21 | 0.21 | 0.21 | 0.22 |
| Shares outstanding | 635100946 | 635100946 | 635100946 | 635100946 | 635100946 | 635100946 | 635100946 | 635100946 | 635100946 | 635100946 | 635100946 | 635100946 | 635100946 | 635100946 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Apollo Tyres Holdings (Singapore) Pte Ltd | Subsidiaries | Any other transaction, Purchase of goods or services | 21,240,220,000.00 | 10 |
| Apollo Tyres (Hungary) Kft. | Subsidiaries | Any other transaction, Purchase of fixed assets, Pur | 14,619,690,000.00 | 19 |
| AT (Germany) GmbH | Subsidiaries | Any other transaction, Interest paid, Purchase of go | 7,962,810,000.00 | 7 |
| Apollo Tyres (Europe) B.V. | Subsidiaries | Any other transaction, Interest received, Loan, Purc | 7,848,410,000.00 | 13 |
| Apollo Tyres (NL) B.V. | Subsidiaries | Any other transaction, Purchase of fixed assets, Pur | 5,733,280,000.00 | 12 |
| Apollo Tyres (Greenfield) B.V. | Subsidiaries | Interest received, Loan | 4,228,970,000.00 | 2 |
| Apollo Tyres (Middle East) FZE | Subsidiaries | Any other transaction, Sale of goods or services | 2,871,370,000.00 | 12 |
| Classic Industries and Exports Limited | Companies in which Directors are i | Any other transaction, Purchase of fixed assets, Pur | 2,618,040,000.00 | 10 |
| Apollo Tyres (France) SAS | Subsidiaries | Any other transaction, Interest received, Purchase o | 1,816,310,000.00 | 6 |
| Apollo Tires (US) Inc. | Fellow Subsidiary | Any other transaction, Sale of goods or services | 1,696,250,000.00 | 10 |
| Apollo Tires (US) INC. | Subsidiaries | Any other transaction, Sale of goods or services | 1,486,300,000.00 | 6 |
| Apollo Tyres (Belux) SA | Subsidiaries | Any other transaction, Interest paid, Sale of goods | 1,441,180,000.00 | 4 |
| Apollo Tyres (Austria) Gessellschaft m.b.H. | Subsidiaries | Any other transaction, Interest paid, Sale of goods | 1,357,040,000.00 | 5 |
| Apollo Tyres (Polska) Sp. Z.o.o | Subsidiaries | Any other transaction, Interest received, Sale of go | 1,301,180,000.00 | 5 |
| Apollo Tyres Iberica S.A. | Subsidiaries | Any other transaction, Interest paid, Sale of goods | 1,286,230,000.00 | 6 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-08-11 | Q1FY27 | Read the call | |
| 2026-05-18 | Q4FY26 | Read the call | |
| 2026-02-10 | Q3FY26 | Read the call | |
| 2025-11-18 | Q2FY26 | Read the call | |
| 2025-08-12 | Q1FY26 | Read the call | |
| 2025-05-21 | Q4FY25 | Read the call | |
| 2025-02-19 | Q3FY25 | Read the call | |
| 2024-11-21 | Q2FY25 | Read the call | |
| 2024-08-14 | Q1FY25 | Read the call | |
| 2024-05-22 | Q4FY24 | Read the call | |
| 2024-02-14 | Q3FY24 | Read the call | |
| 2023-11-16 | Q2FY24 | Read the call | |
| 2023-08-21 | Q1FY24 | Read the call | |
| 2023-05-17 | Q4FY23 | Read the call | |
| 2023-02-13 | Q3FY23 | Read the call | |
| 2022-11-22 | Q2FY23 | Read the call | |
| 2022-08-22 | Q1FY23 | Read the call | |
| 2020-07-06 | Q1FY21 | Read the call |
Some earlier announcements under this heading are covering letters only — no transcript was attached.
What they said about it, quarter by quarter
| Topic | Q1FY25 | Q2FY23 | Q2FY24 | Q3FY23 | Q3FY24 | Q3FY25 | Q4FY23 | Q4FY24 |
|---|---|---|---|---|---|---|---|---|
| Capex | We will continue to be judicious about capex and will continue to focus on profitable growth and free cash flow generation. | We have been extremely judicious about CapEx and have curtailed the same in the first half given the challenging business environment. | We'll continue to be judicious about CapEx and we'll continue to focus on sustainable and profitable growth. | Before I dwell further into our company's performance, let me take this opportunity to thank the Indian Government for presenting a budget with strong… | We'll continue to be judicious about CapEx and we'll continue to focus on sustainable and profitable growth. | Can you share, for the last nine months, what would have been the Capex and FCF, because I see that it's only mentioned for the first half in the pres… | The data lake, Industry 4.0 technology and the newly set up Digital Innovation Centers will play a very key role in helping deliver our ambitious proj… | We will continue to be judicious about Capex and will continue to focus on sustainable and profitable growth. |
| Capital allocation | — | — | — | — | — | — | — | Amyn, we have a very clear, clearly listed dividend policy, which has been cleared by the Board, which is to say that the payout has to be between 20%… |
| Costs | On the raw material front, the pressure continues. | Operating margins in Europe improved sequentially, despite increase in RM cost and a steep inflation in energy costs. | The performance was driven by improved sales mix, benign raw material costs, and tight control over costs. | On the other hand, OEM segment is holding up well in India, and we have started witnessing impact of correction on our raw material prices. | So similar levels of raw material continuing in near term and then maybe slightly inching up. | So some bit of it, Amar, is immediately cutting down on A&P and some of the easy administrative expenses, which was coming down hard given the overall… | As part of this framework, 79% of the total raw material by value was sourced from ISO certified suppliers globally. | That negates the entire EPR and maybe to a certain extent, raw material. |
| Debt and cash | As highlighted in my earlier interactions, we remain committed to free cash flows and improvement in our return ratios. | We, at Apollo, are relentlessly working on delivering superior financial performance in terms of profitability, free cash flows and return on capital … | We have time and again consistently displayed our strong focus on profitability, cost optimisation, free cash flow generation, and improvement in retu… | We have had another healthy quarter despite the difficult operating environment, driven by our continued focus on operational efficiency, profitabilit… | We continue to improve our leverage ratios, given the focus on cash flows and profitability. | We have seen balance sheet deleveraging for a while now, and especially in this quarter, but on a consolidated basis, interest cost is still remaining… | Coming to the balance sheet, we have been able to improve our leverage ratios given the focus on cash flows and profitability. | We have been able to further improve our leverage ratio, given the focus on cash flow and profitability. |
| Demand | So, the replacement demand overall should be at high single digits and we would recover some of the lost ground. | In India, the quarter started on a weaker note with replacement demand in July and August impacted by subdued market, unfavorable rain distribution an… | We are witnessing signs of demand pickup across some of our key markets, and I am confident that we will see significant improvement in the momentum i… | On one hand, we had subdued demand momentum in India in the replacement market, and concerns around slowdown in Europe. | Going forward, we maintain a cautiously optimistic stance on market demand. | Europe, in fact, for the last quarter or so, and even going into the current quarter, the demand on both the passenger car and truck tyres replacement… | In terms of outlook, we are seeing healthy demand in Indian market. | Going forward, we’ll maintain a cautiously optimistic stance on market demand. |
| Guidance | We expect the demand momentum to recover going forward. | Given the recent corrections in commodities and our continued focus on price and profitable growth, we expect revenue growth and recovery in operating… | In terms of outlook, we expect a recovery in demand environment. | Going forward, we expect earnings momentum to continue, helped by demand recovery in key markets, further correction in raw material prices and our re… | While we expect a recovery in demand environment in mid-long term, top-line growth is expected to remain muted in the near term. | Q4 to Q3, it is, we expect it to be flattish, and to that extent, some rollover impact of price increases should play a little bit into the gross marg… | Coming to Europe, we expect the demand to remain soft in the near term. | We expect the demand in India to pick up post elections. |
| Margin | We believe the headwinds we face today in form of subdued top-line momentum and softer margin performance are near-term challenges, and we are extreme… | Despite these challenges, the company has reported sequential improvement in operating-margin performance both in India and in Europe. | Looking at the second quarter performance, the team has delivered yet another strong quarter with consol operating margin at 18.5%, 160% increase in c… | We remain committed to reaching our intended margin range, and the same is highlighted by sequential improvement in margins over the last few quarters… | Despite subdued demand conditions and the challenging environment across some of our key markets, the team has really delivered its best ever operatin… | So, if RM is flattish, then should gross margin actually improve quarter-on-quarter because of the impact of price hikes, or how should we think about… | Robust pricing along with tight control over costs helped us report a very healthy improvement in EBITDA margin, about 300 basis points from the seque… | In terms of operating performance, despite several headwinds this quarter, the team has once again delivered a healthy performance with consolidated E… |
| People | We are not at the best of capacity utilisations. | — | Helped by these data insights, we have initiated capacity enhancement programmes, which would help us further improve asset utilisation and our return… | Second is what's the current rate of TBR utilisation? | Secondly, in terms of utilisation, we would be what about 80%-85% in both India and Europe or Europe -- | So, what's the utilisation level of TBR now on an annualised basis, not just quarterly? | We have started our journey for hiring women at shopfloor as well. | So given that, I think at least on PCR, you are at high-capacity utilisations. |
| Pricing | We are keeping a close watch and will continue to focus on profitable growth through price increases, new product launches and premiumisation of our p… | However, more importantly, we were able to take pricing actions during the quarter linked to our mantra of profitable growth, which helped us negate t… | Finally, we are cognisant of slightly increasing RM prices, and will target to negate the same through improvement in product mix, optimisation of our… | More importantly, we have continued to maintain strong pricing discipline and have even backed out of a few OEM opportunities due to concerns on prici… | And in terms of the pricing, when I compare Apollo medium to premium, how would you compare the pricing with that of, you know, peers and Vredestein. | Because I'm guessing that some price hikes have happened and maybe more are planned or not, I would love to hear from you. | Is there a risk that we could see some deterioration in the pricing environment, especially in the replacement Europe side for Tier 2 brands and in In… | We aim to maintain strong operating performance through a mix of efficiency gains, superior sales mix, and well-timed pricing actions. |
| Revenue growth | Q1 FY25 proved to be a challenging quarter and with modest topline growth and a muted operating performance, consolidated operating margin for the qua… | This has helped us report double-digit Y-o-Y growth in both consolidated top line and consolidated operating profit despite a very, very challenging e… | The consolidated revenue for the quarter stood at INR 62.8 billion, a growth of 5% over the same quarter last year. | We had another strong quarter in North America with strong top line growth and healthy operating margins. | The consolidated revenue for the quarter stood at INR 66 billion, a growth of 3% over the same quarter last year. | — | Coming to our performance, we reported a double-digit Y-on-Y growth in consolidated revenues, helped by growth in topline across other geographies. | Coming to India Operations, while the overall volume growth was at 4%, we had good growth in the key segments of TBR replacement and PCR replacement a… |