Apollo Tyres
447.70
-1.10(-0.25%)
Market Cap₹28,503.30 Cr
PE Ratio22.93
IndustryAutomobiles
Company Performance:
1D-0.25%
1M-5.05%
6M-15.14%
1Y-17.99%
5Y+307.93%
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Latest news about Apollo Tyres
Apollo Tyres Aims for Double-Digit Growth, Expects Strong Q1 Performance May 16, 2025
Apollo Tyres anticipates robust performance in Q1 FY24, targeting double-digit growth. The company expects strong OEM sales and export growth, despite a 48% decline in Q4 net profit. Stable raw material costs and minimal tariff impact could boost profitability. The replacement market remains strong, providing a stable revenue stream.
Apollo Tyres Gears Up for European Growth and Strengthens Balance Sheet May 15, 2025
Apollo Tyres Q4 FY23: Net Profit Plunges 48% YoY, Revenue Up 2.6% Amid Challenges May 15, 2025
Apollo Tyres: Q4 Profit Plunges 48%, Revenue Grows 2.6% May 14, 2025
Apollo Tyres Expands Green Energy Portfolio with Increased Stake in Wind Power Project Apr 29, 2025
More news about Apollo Tyres
28Apr 25
Apollo Tyres Expands Green Energy Portfolio with Increased Stake in Wind Power Project
Apollo Tyres has increased its stake in Green Infra Wind Power Projects Limited (GIWPPL) from 17.84% to 21.27%. The company acquired an additional 3.43% equity share capital by purchasing 60,000 shares at Rs. 10 per share, for a total of Rs. 600,000. GIWPPL operates a 24 MW wind power project in Tamil Nadu and has shown steady financial performance over recent years. This move aligns with Apollo Tyres' efforts to expand its renewable energy portfolio and reduce its carbon footprint.
26Apr 25
Apollo Tyres to Shut Down Netherlands Plant by 2026, Citing High Costs
Apollo Tyres Ltd. plans to discontinue tyre production at its Enschede plant in the Netherlands by summer 2026 due to high production costs. The plant, operated by subsidiary Apollo Tyres (NL) B.V. (ATNL), contributed 5.80% to Apollo Tyres' consolidated revenue and 8.40% to its net worth in FY2024. The closure is subject to ATNL Works Council's advice and Supervisory Board approval. Apollo Tyres has initiated regulatory compliance steps, including submitting a Request for Advice to the Works Council.
25Apr 25
Apollo Tyres to Shutter Dutch Plant, Impacting 500 Jobs
Apollo Tyres has announced plans to close its manufacturing facility in the Netherlands, resulting in approximately 500 job losses. This decision is part of a significant restructuring of its European operations, likely aimed at optimizing costs and streamlining production. The closure may lead to production reallocation and potential changes in the company's European market strategy. While this move could result in short-term restructuring costs, it may enhance Apollo Tyres' long-term profitability and global competitiveness.
Apollo Tyres
447.70
-1.10
(-0.25%)
1 Year Returns:-17.99%
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