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    HomeNewsBusinessEarningsApollo Tyres Q1 PAT seen up 181.9% YoY to Rs. 319.8 cr: Nirmal Bang

    Apollo Tyres Q1 PAT seen up 181.9% YoY to Rs. 319.8 cr: Nirmal Bang

    Net Sales are expected to increase by 13.3 percent Y-o-Y (down 1.6 percent Q-o-Q) to Rs. 6318.8 crore, according to Nirmal Bang.

    Broker Research
    July 12, 2023 / 11:31 IST
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    Nirmal Bang has come out with its first quarter (April-June’ 24) earnings estimates for the Auto & Auto ancillary sector. The brokerage house expects Apollo Tyres to report net profit at Rs. 319.8 crore up 181.9% year-on-year (up 9.5% quarter-on-quarter).

    Net Sales are expected to increase by 13.3 percent Y-o-Y (down 1.6 percent Q-o-Q) to Rs. 6318.8 crore, according to Nirmal Bang.

    Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 50.3 percent Y-o-Y (up 3.1 percent Q-o-Q) to Rs. 941.5 crore.

    Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    Nirmal bang_Auto & Ancillary

    Broker Research
    first published: Jul 12, 2023 11:28 am

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