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    HomeNewsBusinessEarningsApollo Tyres Q4 PAT may dip 40.7% YoY to Rs. 170 cr: ICICI Direct

    Apollo Tyres Q4 PAT may dip 40.7% YoY to Rs. 170 cr: ICICI Direct

    Net Sales are expected to increase by 14.2 percent Y-o-Y (down 1.4 percent Q-o-Q) to Rs. 5,627 crore, according to ICICI Direct.

    Broker Research
    April 14, 2022 / 15:13 IST
    Apollo Tyres | Board approved issue of NCDs on private placement basis aggregating to Rs 1,000 crore. (Image: corporate.apollotyres.com)

    Apollo Tyres | Board approved issue of NCDs on private placement basis aggregating to Rs 1,000 crore. (Image: corporate.apollotyres.com)

     
     
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    ICICI Direct has come out with its fourth quarter (January-March’ 22) earnings estimates for the Auto & Auto Ancillary sector. The brokerage house expects Apollo Tyres to report net profit at Rs. 170 crore down 40.7% year-on-year (down 23.8% quarter-on-quarter).

    Net Sales are expected to increase by 14.2 percent Y-o-Y (down 1.4 percent Q-o-Q) to Rs. 5,627 crore, according to ICICI Direct.

    Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 18.8 percent Y-o-Y (down 11 percent Q-o-Q) to Rs. 662 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.

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    Broker Research
    first published: Apr 14, 2022 03:13 pm

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