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Apollo Tyres Ltd.
Source Name: Apollo Tyres Ltd.

Apollo Tyres Second Quarter Profit up 18%

Exports out of India grows more than 30%

Nov 10, 2014   18:30 IST 

The Board of Directors of Apollo Tyres Ltd today approved the company’s unaudited financial results for the 2nd quarter and the first 6 months of the financial year 2014 - 15. 

For the quarter ended September 30, 2014, Apollo Tyres Ltd, on a consolidated level, reported a profit of Rs 258 crores, on net sales of Rs 3300 crores. For the first half of the year (April – September), the company posted a profit of Rs 486 crores, on net sales of Rs 6536 crores. Exports out of India, has seen a growth upwards of 30%, which has led to a strong performance by the Indian Operations. However, sale of part of African business in the last fiscal, led to the company reporting flat revenue growth on a consolidated level in the second quarter and half year of this fiscal. 

Quarterly Performance Highlights:
Quarter 2 FY2014-15 (July-September) vs Quarter 2 FY2013-14 
· Net sales stood at Rs 33 billion (Rs 3300 crores) against Rs 34.3 billion (Rs 3433 crores) 
· Operating profit up by 9% at Rs 5.1 billion (Rs 513 crores) from  Rs 4.7 billion (Rs 470 crores) 
· Net profit up by 18% at Rs 2.58 billion (Rs 257.9 crores) from Rs  2.2 billion (Rs 219.5 crores) 


Half Yearly Performance Highlights:
H1 FY2014-15 (April-September) vs H1 FY2013-14 
· Net sales recorded was Rs 65.36 billion (Rs 6536 crores) against Rs 66.2 billion (Rs 6623 crores) 
· Operating profit up by 11% at Rs 9.7 billion (Rs 971 crores) from Rs 8.7 billion (Rs 875 crores) 
· Net profit up by 26% at Rs 4.86 billion (Rs 485.8 crores) from Rs 3.8 billion (Rs 385.4 crores) 


Speaking on the results, Onkar S Kanwar, Chairman, Apollo Tyres Ltd, said “Our 18-24 months of planning and smart execution has resulted in incremental exports out of India, and with additional demand for our products in the Middle East and ASEAN region, we expect this to grow further. Taking into account the export growth, and the expected revival of the commercial vehicle segment in India, our expansion projects in Chennai and Kochi, both in the southern part of India, is moving ahead full steam.” 


Cross Currency Reference Chart for Key Financials:

Rs Billion
US$ Million
Euro Million
  Q2 FY15 H1 FY15 Q2 FY15 H1 FY15 Q2 FY15 H1 FY15
Net Sales
Operating Profit
Net Profit


Click Here for detailed Results table

About Apollo Tyres Ltd:
Apollo Tyres Ltd is a high-performance tyre manufacturer headquartered in India. It is built around the core principles of creating stakeholder value through reliability in its products and dependability in its relationships. The company has four manufacturing units in India, three in Southern Africa and one in the Netherlands. Apollo's subsidiary companies are Apollo Tyres Africa Pty Ltd in South Africa and Apollo Vredestein BV in the Netherlands. India, South Africa and Europe are the company’s three domestic markets from where products are exported to over 100 countries. In each of the domestic markets the company operates through a vast network of branded, exclusive and multi-product outlets.

For further details Contact:
Rohit Sharan 
Corporate Communications 
D +91 124 2721133 | T +91 124 2721000 

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