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

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.

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