Apollo Tyres’ profit rose 39.5% to Rs 471 crore in the third quarter of this financial year. This is in comparison to profit of Rs 337 crore in the same quarter of the last fiscal, according to its stock exchange notification on Wednesday.
Revenue advanced by 11.8% year-on-year for the three months ended December, reaching Rs 6,928 crore.
Operating income, or earnings before interest, taxes, depreciation, and amortization rose 25.2% quarter-on-quarter to Rs 1,186 crore. The Ebitda margin expanded to 15.3%.
The company is going to invest Rs 5,810 crore in the capex at Andhra Plant, the company said in an exchange filing.
Apollo Tyres Dividend
Apollo Tyres has announced an interim dividend of Rs 3.50 per equity share for the fiscal 2026. The company announced distribution of nearly Rs 222 crore to shareholders.
The board has fixed Feb. 10 as the record date for the purpose of dividend payment, the company said in an exchange filing on Wednesday. The dividend will be paid within 30 days from the date of declaration.
The company in July had given final dividend of Rs 5 per share and in July 2024 it gave interim dividend of Rs 6.
Apollo Tyres Share Price Today
The quarterly earnings was shared after market hours. The stock settled 1.48% higher at Rs 512.40 apiece on the BSE, compared to a 1.48% advance in the benchmark Nifty 50.
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