The Board of Directors of Apollo Tyres today approved the company's unaudited financial results for the 3rd quarter (Oct to Dec) and 9M (Apr to Dec) for the financial year 2021 - 22.
For the quarter ended December 31, 2021 Apollo Tyres Ltd, on a consolidated level, registered a revenue of Rs 5707 crores, an increase of 10% over the same period last fiscal. For the nine months of the fiscal (April - December), the company's revenue closed at Rs 15,369 crores, an increase of 24% over the same period last fiscal. Both Indian and European Operations witnessed a growth of 11% each, in revenue, in the 3rd quarter, and much healthier revenue growth in the nine months of this fiscal.
Quarterly Consolidated Performance Highlights
Q3 FY2021-22 (Oct-Dec) vs Q3 FY2020-21
Revenue from operations was up 10% to close at Rs 5707 crores, as against Rs 5195 crores in Q3 FY21
Operating profit reported was Rs 743 crores, as against Rs 1030 crores
Net profit for Q3 closed at Rs 224 crores, as against Rs 444 crores in the same period last fiscal
9 Months Consolidated Performance Highlights
9M FY 2021-22 (April-Dec) vs 9M FY 2020-21
Revenue from operations was up 24% to close at Rs 15,369 crores, as against Rs 12,371 crores in 9M FY21
Operating profit reported was Rs 1948 crores, as against Rs 1983 crores
Net profit closed at Rs 525 crores, as against Rs 63 crores in the same period last fiscal
Commenting on the company's performance, Onkar Kanwar, Chairman, Apollo Tyres Ltd said 'Despite the headwinds, we have seen a healthy growth in the third quarter, contributed by a strong performance in the European Operations and Exports out of India. Considering the cost inflation, which is likely to continue in the near term, we intend to take further pricing actions at the opportune time, along with other cost control measures. We continue to expand our product range and footprint across key markets, to align with the robust demand momentum going forward.'
APOLLO TYRES LIMITED 
