Q4FY18 Result: Apollo Tyres PAT up 9.6 per cent

Apollo Tyres reported its results for the quarter ended March 31, 2018.

The company’s consolidated revenue for the quarter came in at Rs. 4,031 crore, registering 12.3 per cent yoy increase.

EBITDA for the quarter rose by 38.7 per cent yoy to Rs. 515 crore with a corresponding margin expansion of 243 bps. EBITDA margin for the quarter stood at 12.8 per cent. The PAT for the quarter came in at Rs. 250 crore, yoy increase of 9.6 per cent.

Looking at the full year numbers, we see that revenue jumped by 7 per cent to reach Rs. 15,095 crore while EBITDA fell by 11 per cent to Rs. 1,651 crore. The company reported net profit of Rs. 724 crore, down 34 per cent yoy.

The board has recommended a final dividend of Rs. 3 per equity share for the face value of Rs. 1 each.

On Friday, the stock opened at Rs. 290 per share, up by almost 2 per cent from its previous close of Rs. 283.85, on the BSE.