Apollo Tyres shares jump 4% on robust Q2
Apollo Tyres’ consolidated net profit jumped 164% YoY to ₹474 crore in Q2 FY24; revenue was up 5% at ₹6,280 crore.
Apollo Tyres’ consolidated net profit jumped 164% YoY to ₹474 crore in Q2 FY24; revenue was up 5% at ₹6,280 crore.
The company has proposed a capacity addition of 19.45% by October 2025 with a capital investment of ₹1,025 crore.
On Tuesday, this stock crossed ₹1 lakh mark by rising as much as 1.4% to hit a new record high of ₹100,300 apiece on BSE.
The company's revenue from operations in the March quarter stood at ₹5,841.72 crore, up 9.1% YoY as against ₹5,304.82 crore in the same period in FY22.