Apollo Tyres’ Q3 FY25 net profit fell 32.1% to ₹337.2 crore from ₹497 crore in the same period a year ago, also below CNBC-TV18 poll estimate of ₹378 crore.
The drop in profitability was due to weak operating performance and margin contraction.
Revenue for the quarter grew 5% year-on-year to ₹6,928 crore, higher than poll estimate of ₹6,744 crore. However, EBITDA declined 21.6% to ₹947 crore, well below the ₹1,208 crore recorded in Q3 FY24.
The figure also fell short of analysts’ expectations of ₹972 crore, reflecting higher input costs and lower operating efficiency.
Raw material costs and competitive pricing pressures impacted profitability, leading to EBITDA margins declining to 13.7% from 18.3%. The reported margin was also lower than the poll estimate of 14.4%.
Ahead of the results, Apollo Tyres shares closed nearly 1% lower at ₹416.30 on the BSE, down 0.92% for the day.
