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

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.

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