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Latest news about Apollo Tyres

Apollo Tyres Targets Double-Digit Growth with GST Cut, Cricket Sponsorship, and Strategic Initiatives 10 days ago

Apollo Tyres targets double-digit revenue growth, supported by potential GST rate reduction and a ₹579 crore deal to sponsor the Indian cricket team's jersey until March 2028. The sponsorship covers 121 bilateral games and 21 ICC matches for both men's and women's teams across all formats. The company expects this partnership to boost brand visibility and consumer trust in India and global cricket markets. Apollo Tyres also announced participation in the 'Saksham Niveshak Campaign' to update shareholder KYC details.

Apollo Tyres Secures Indian Cricket Team Jersey Sponsorship Until 2027 Sep 16, 2025

Apollo Tyres Secures ₹11 Billion Expansion Approval for Chittoor Plant Sep 08, 2025

Apollo Tyres Wins ₹3,016 Million Tax Appeal at CESTAT Sep 01, 2025

Apollo Tyres Triumphs in ₹3,016 Crore Excise Duty Dispute Aug 30, 2025

More news about Apollo Tyres

07Aug 25

Apollo Tyres Reports Sharp Drop in Q1 Net Profit Despite Revenue Growth

Apollo Tyres experienced a significant decline in consolidated net profit for Q1, falling to ₹129.00 million from ₹3,020.00 million year-over-year. Revenue increased by 3.6% to ₹65,610.00 million. The company reported exceptional items of ₹3,700.00 million, including a major restructuring provision of ₹3,684.74 million for the planned discontinuation of tyre production at the Enschede plant in the Netherlands by summer 2026. The APMEA segment remained the largest contributor to revenue and results.

16May 25

Apollo Tyres Aims for Double-Digit Growth, Expects Strong Q1 Performance

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.

15May 25

Apollo Tyres Gears Up for European Growth and Strengthens Balance Sheet

Apollo Tyres is set to improve its European market performance with additional capacity coming online in 2025. The company has significantly reduced its gross debt from Rs 39.00 billion in March 2024 to Rs 34.00 billion in March 2025, a reduction of Rs 5.00 billion or 12.82%. This debt reduction strengthens Apollo Tyres' balance sheet, potentially improving financial flexibility and credit profile.

15May 25

Apollo Tyres Q4 FY23: Net Profit Plunges 48% YoY, Revenue Up 2.6% Amid Challenges

Apollo Tyres announced Q4 FY23 results with consolidated revenue up 2.6% to ₹6,424.00 crore, but net profit down 47.8% to ₹85.00 crore. EBITDA fell 18.6% to ₹837.00 crore, with margins contracting 341 basis points to 13.00%. Despite profit decline, a dividend of ₹50.00 per share was declared.

14May 25

Apollo Tyres: Q4 Profit Plunges 48%, Revenue Grows 2.6%

Apollo Tyres' Q4 FY2025 results show a 48% decline in net profit to ₹185 crore, despite a 2.6% increase in revenue to ₹6,423 crore. Full-year net profit for FY25 fell to ₹1,121 crore from ₹1,722 crore in FY24. The company acknowledged underperformance in sales but maintained shareholder value by recommending a dividend of ₹5 per share.

29Apr 25

Apollo Tyres Expands Green Energy Portfolio with Increased Stake in Wind Power Project

Apollo Tyres has acquired an additional 3.43% equity share capital in Green Infra Wind Power Projects Ltd (GIWPPL), increasing its total shareholding to 21.27%. The company purchased 60,000 equity shares at ₹10.00 per share, for a total of ₹600,000.00. 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' commitment to sustainable practices and renewable energy adoption.

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.