Apollo Tyres Ltd fell 1.42% today to trade at Rs 541.8. The BSE Auto index is down 0.26% to quote at 53674.86. The index is down 0.68 % over last one month. Among the other constituents of the index, Mahindra & Mahindra Ltd decreased 1.31% and Samvardhana Motherson International Ltd lost 1.05% on the day. The BSE Auto index went up 31.91 % over last one year compared to the 16.62% surge in benchmark SENSEX. Apollo Tyres Ltd has added 10.39% over last one month compared to 0.68% fall in BSE Auto index and 2.6% rise in the SENSEX. On the BSE, 3983 shares were traded in the counter so far compared with average daily volumes of 60745 shares in the past one month. The stock hit a record high of Rs 584.65 on 26 Sep 2024. The stock hit a 52-week low of Rs 418.95 on 21 Dec 2023.Powered by Capital Market - Live

Apollo Tyres Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 543.4, up 0.55% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.01% on the day, quoting at 24710.8. The Sensex is at 81821.37, up 0.07%. Apollo Tyres Ltd has risen around 9.23% in last one month. Meanwhile, Nifty Auto index of which Apollo Tyres Ltd is a constituent, has risen around 0.54% in last one month and is currently quoting at 23736.25, up 0.86% on the day. The volume in the stock stood at 6.67 lakh shares today, compared to the daily average of 12.97 lakh shares in last one month. The benchmark December futures contract for the stock is quoting at Rs 543.35, up 0.54% on the day. Apollo Tyres Ltd is up 19.39% in last one year as compared to a 18.23% spurt in NIFTY and a 34% spurt in the Nifty Auto index.The PE of the stock is 36.89 based on TTM earnings ending September 24.Powered by Capital Market - Live

Apollo Tyres Ltd is up for a third straight session in a row. The stock is quoting at Rs 530.65, up 1.76% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.01% on the day, quoting at 24460.55. The Sensex is at 80958.35, up 0.14%. Apollo Tyres Ltd has risen around 9.99% in last one month. Meanwhile, Nifty Auto index of which Apollo Tyres Ltd is a constituent, has risen around 1.02% in last one month and is currently quoting at 23752.4, down 0.66% on the day. The volume in the stock stood at 8.52 lakh shares today, compared to the daily average of 12.32 lakh shares in last one month. The benchmark December futures contract for the stock is quoting at Rs 528.8, up 2.63% on the day. Apollo Tyres Ltd is up 15.7% in last one year as compared to a 17.29% jump in NIFTY and a 32.62% jump in the Nifty Auto index.The PE of the stock is 35.56 based on TTM earnings ending September 24.Powered by Capital Market - Live

Apollo Tyres Ltd is up for a third straight session in a row. The stock is quoting at Rs 515.8, up 2.38% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.22% on the day, quoting at 24168.6. The Sensex is at 79913.13, down 0.25%. Apollo Tyres Ltd has risen around 6.04% in last one month. Meanwhile, Nifty Auto index of which Apollo Tyres Ltd is a constituent, has risen around 2.07% in last one month and is currently quoting at 23716.45, down 1.04% on the day. The volume in the stock stood at 8.66 lakh shares today, compared to the daily average of 12.56 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 516.9, up 2.49% on the day. Apollo Tyres Ltd is up 22.05% in last one year as compared to a 21.51% spurt in NIFTY and a 36.42% spurt in the Nifty Auto index.The PE of the stock is 34.37 based on TTM earnings ending September 24.Powered by Capital Market - Live

However, revenue from operations grew by 2.50% to Rs 6,437.03 crore in the quarter ended 30 September 2024. Profit before exceptional items and tax declined 41.62% YoY to Rs 404.09 crore in Q2 FY25. The firm reported exceptional items of Rs 5.17 crore during the quarter. EBITDA was at Rs 877.9 crore in the September quarter, registering a decline of 24.3% as against Rs 1,159.8 crore recorded in Q2 FY24. EBITDA margin reduced to 13.6% in the September quarter as compared to 18.5% reported in Q2 FY24. On half year basis, the company's consolidated net profit fell 31.18% to Rs 599.46 crore in H1 FY25 as compared to Rs 871.16 crore recorded in H1 FY24. However revenue from operations declined 1.97% YoY to Rs 12,771.88 crore in H1 FY25. Net debt at the end of September 2024 increased by Rs 4.6 billion compared to March 2024. This increase was primarily driven by a rise in short-term borrowings, which was in turn impacted by higher working capital requirements. The company stated that it continues to reduce its long-term debt, which decreased by Rs 7.6 billion in September 2024 compared to March 2024. Apollo Tyres principal business activity is manufacturing and sale of automotive tyres. The scrip rallied 4.25% to Rs 475.75 on the BSE. Powered by Capital Market - Live

Apollo Tyres Ltd gained for a fifth straight session today. The stock is quoting at Rs 513.5, up 0.94% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.05% on the day, quoting at 25185.05. The Sensex is at 82289.75, down 0.08%. Apollo Tyres Ltd has dropped around 0.36% in last one month. Meanwhile, Nifty Auto index of which Apollo Tyres Ltd is a constituent, has dropped around 5.83% in last one month and is currently quoting at 25934.25, up 0.06% on the day. The volume in the stock stood at 10.24 lakh shares today, compared to the daily average of 20.34 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 511.55, up 0.87% on the day. Apollo Tyres Ltd is up 34.34% in last one year as compared to a 28.42% gain in NIFTY and a 62.99% gain in the Nifty Auto index.The PE of the stock is 28.97 based on TTM earnings ending June 24.Powered by Capital Market - Live

The key equity benchmarks traded in a narrow range with modest losses in mid-afternoon trade. The Nifty traded below the 24,200 level after hitting the day's high of 24,340.50 in afternoon trade. Metal shares declined after advancing for the past two consecutive trading sessions. Trading was volatile due to weekly F Q2 at 7.2%; Q3 at 7.3%; and Q4 at 7.2%. Real GDP growth for Q1:2025-26 is projected at 7.2%. The projected CPI inflation for 2024-25 remains unchanged at 4.5%. The quarterly breakdown is as follows: Q2 at 4.4%; Q3 at 4.7%; and Q4 at 4.3%. CPI inflation for Q1:2025-26 is projected at 4.4%. During the recent policy meeting, Dr. Shashanka Bhide, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shaktikanta Das voted to keep the policy repo rate unchanged at 6.50%. Dr. Ashima Goyal and Prof. Jayanth R. Varma voted to reduce the policy repo rate by 25 basis points. The minutes of the MPC's meeting will be published on August 22, 2024. The next meeting of the MPC is scheduled during October 7 to 9, 2024. Buzzing Index: The Nifty Metal index fell 1.17% to 9,021.70. The index added 1.43% in the past two consecutive trading sessions. Steel Authority of India (down 3.3%), National Aluminium Company (down 3.07%), Jindal Steel & Power (down 2.11%), Tata Steel (down 1.92%), NMDC (down 1.67%), JSW Steel (down 1.41%), Hindalco Industries (down 1.28%), Vedanta (down 1.23%), Jindal Stainless (down 0.86%) and Welspun Corp (down 0.35%) declined. On the other hand, Hindustan Copper (up 0.71%),Adani Enterprises (up 0.6%) and APL Apollo Tubes (up 0.16%) edged higher. Numbers to Track: The yield on India's 10-year benchmark federal rallied 1.81% to 6.986 as compared with previous close 6.983. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 83.9600, compared with its close of 83.9500 during the previous trading session. MCX Gold futures for 5 October 2024 settlement rose 0.01% to Rs 68,971. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.20% to 103. The United States 10-year bond yield fell 1.22% to 3.918. In the commodities market, Brent crude for October 2024 settlement lost 28 cents or 0.36% to $78.05 a barrel. Stocks in Spotlight: Apollo Tyres declined 1.90% after the company's consolidated net profit slipped 23.91% to Rs 302 crore in Q1 FY25 as against Rs 396.91 crore recorded in Q1 FY24. Revenue from operations grew by 1.45% to Rs 6,334.85 crore in Q1 FY25 as compared to Rs 6,244.58 crore posted in the same period a year ago. Balaji Amines tumbled 6.61% after the company's consolidated net profit declined 17.90% to Rs 43.29 crore in Q1 FY25 as against Rs 52.73 crore posted in Q1 FY24. Revenue from operations was at Rs 384.75 crore in Q1 FY25, down 17.02% from Rs 463.67 crore recorded in the corresponding quarter previous year. Powered by Capital Market - Live

Revenue from operations grew by 1.45% to Rs 6,334.85 crore in Q1 FY25 as compared to Rs 6,244.58 crore posted in the same period a year ago. Indian operations reported a steady growth in revenue, while European operations performed well under challenging conditions and in traditionally, one of their seasonally lower quarters, the company stated in the press release. Profit before exceptional items and tax stood at Rs 463.66 crore in Q1 FY25, down 21.36% from Rs 589.6 crore posted in Q1 FY24. Exceptional items were at Rs 40.41 crore during the quarter. EBITDA was at Rs 909.3 crore in the June quarter, registering a decline of 13.51% as against Rs 1,051.5 crore recorded in Q1 FY24. EBITDA margin reduced to 14.4% in the June quarter as compared to 16.8% reported in Q1 FY24. Onkar Kanwar, chairman, Apollo Tyres, said, 'The replacement and exports from India have witnessed a good growth, and we expect the same to continue in the coming quarters as well. Europe continues to perform well under current market conditions.' Apollo Tyres principal business activity is manufacturing and sale of automotive tyres. Powered by Capital Market - Live

Net profit of Apollo Tyres declined 23.91% to Rs 302.00 crore in the quarter ended June 2024 as against Rs 396.91 crore during the previous quarter ended June 2023. Sales rose 1.45% to Rs 6334.85 crore in the quarter ended June 2024 as against Rs 6244.58 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales6334.856244.58 1 OPM %14.3516.84 - PBDT833.16951.58 -12 PBT463.66589.60 -21 NP302.00396.91 -24 Powered by Capital Market - Live

Apollo Tyres will hold a meeting of the Board of Directors of the Company on 7 August 2024.Powered by Capital Market - Live