Apollo Tyres delivered a strong third-quarter performance, reporting significant growth across key financial metrics. The tyre manufacturer's consolidated results demonstrate robust operational momentum and effective business execution during the quarter.

Financial Performance Overview

The company's Q3 financial results showcase impressive year-on-year growth across profitability, revenue, and operational efficiency metrics:

Strong Profitability Growth

Apollo Tyres achieved a consolidated net profit of ₹4.7 billion in Q3, marking a substantial 38% increase from ₹3.4 billion recorded in the corresponding quarter of the previous year. This significant profit growth demonstrates the company's ability to enhance operational efficiency and maintain healthy margins despite market challenges.

Operational Efficiency Improvements

The company's EBITDA performance showed remarkable improvement, reaching ₹11.9 billion compared to ₹9.5 billion in the same quarter last year, representing a strong 25% year-on-year growth. More importantly, the EBITDA margin expanded to 15.32% from 13.67% in the previous year, indicating enhanced operational efficiency and better cost management.

Revenue Expansion

The company's revenue performance remained robust, reaching ₹77.4 billion in Q3 compared to ₹69.3 billion in the same period last year. This represents a solid 12% year-on-year growth, indicating strong demand for the company's products and effective market penetration strategies.

Market Position

The quarterly results reflect Apollo Tyres' strong positioning in the competitive tyre manufacturing sector. The company's ability to deliver consistent growth in profitability, revenue, and operational metrics underscores its operational capabilities and market strategy effectiveness during the reporting period.

Apollo Tyres has announced a major expansion initiative for its manufacturing operations in Andhra Pradesh, marking a significant step in the company's growth strategy. The tyre manufacturer plans to substantially increase production capacity at its existing facility in the state.

Investment Details

The expansion project requires a considerable financial commitment from Apollo Tyres, with the total investment planned at 58.10 billion rupees. This substantial capital allocation underscores the company's confidence in market opportunities and its commitment to expanding manufacturing capabilities.

Strategic Significance

The planned expansion at the Andhra Pradesh facility represents a major manufacturing enhancement for Apollo Tyres. By increasing production capacity at this location, the company is positioning itself to better serve market demand and strengthen its operational footprint in the region.

This capacity expansion initiative demonstrates Apollo Tyres' focus on scaling up its manufacturing operations through significant capital investment. The Andhra Pradesh facility expansion is expected to contribute meaningfully to the company's overall production capabilities once implemented.