Apollo Tyres Q1 FY25 Results Preview: Gurugram-headquartered Apollo Tyres is set to report its financial results for the April-June period on Wednesday, August 7. Analysts expect the tyre manufacturer to witness some pressure on the operational front owing to weakness in replacement demand.   

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According to Zee Business research, Apollo Tyres is estimated to register a consolidated net profit of Rs 390 crore for the quarter ended June 30, down 1.8 per cent compared with the corresponding period a year ago. The company's net profit for the quarter ended June 30, 2023, included an exceptional item of Rs 13 crore. The analysts expect the tyre maker's revenue to grow to Rs 6,330 crore for the first quarter of the current financial year from Rs 6,245 crore a year ago.

Apollo Tyres is estimated to log Rs 1010 crore in its quarterly earnings before interest, taxes, depreciation and amortisation (EBITDA), marking a decline of 4.0 per cent on a year-on-year basis, according to the research. 

Zee Business analysts peg the tyre company's margin to come in at 16 per cent for the quarter ended June 30 as against 16.8 per cent a year ago. They estimate Apollo Tyres to see a six per cent increase in its volumes during the quarter. 

 

(This story will be updated shortly)