Essayer OR - Gratuit
Apollo Tyres has a long ride ahead before it catches up
Mint Mumbai
|November 20, 2024
Apollo Tyres Ltd's ride in 2024 so far has been tough. Its stock is up a mere 7%, significantly behind the Nifty Auto Index's 26% returns. Its poor September quarter (Q2FY25) results indicate this wide gap is unlikely to be bridged soon.
Apollo Tyres struggled with weak margins and muted demand in Q2FY25, leading to a spate of earnings downgrades.
The consolidated Ebitda margin fell sharply by 480 basis points (bps) year-on-year to 13.6%, missing the consensus estimate of 14.8%. A steep increase in raw material prices in India played spoilsport, with the standalone Ebitda margin at 12.1%, lower than the consensus estimate of 13.2%. Ebitda is short for earnings before interest, taxes, depreciation, and amortization.
Cette histoire est tirée de l'édition November 20, 2024 de Mint Mumbai.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Mint Mumbai
Mint Mumbai
PayMate pulls plug on West Asia operations
The Visa-backed B2B payments firm is scrambling to raise more funds
2 mins
November 20, 2025
Mint Mumbai
Exide's dual bet: Can lithium-ion offset a weakening core?
Exide Industries Ltd is struggling to fuel its core lead-acid business while simultaneously turning its capex-heavy lithium-ion venture into a viable second growth engine.
1 mins
November 20, 2025
Mint Mumbai
Fractal Analytics bets heavily on R&D in AI race before IPO
Enterprise artificial intelligence firm Fractal Analytics plans to maintain high research and development (R&D) spending ahead of its market debut for which a date has not yet been set, a top executive has said.
2 mins
November 20, 2025
Mint Mumbai
Adani wins approval for Jaiprakash takeover
Billionaire businessman Gautam Adani-promoted Adani Enterprises said on Wednesday that the creditors of the bankrupt infrastructure firm Jaiprakash Associates have approved its takeover proposal.
1 min
November 20, 2025
Mint Mumbai
BSNL dials vendors for a fix as regulator flags weak signal
State-owned Bharat Sanchar Nigam Ltd (BSNL) has flagged weak transmission signals at thousands of its new 4G towers—an issue behind call drops and slower data speeds—at a time when the operator is attempting a long-awaited turnaround backed by the government's successive revival packages.
1 mins
November 20, 2025
Mint Mumbai
India seeks vessels to ship West Asia crude
A surge in bookings for oil tankers to bring cargoes from West Asia to India points to higher import flows ahead, as sanctions on major Russian producers force the South Asian importer to seek alternatives.
1 min
November 20, 2025
Mint Mumbai
Air India lobbies to use airspace over China’s Xinjiang
India-China flights resumed after a five-year hiatus.
1 mins
November 20, 2025
Mint Mumbai
Rlys eyes record ₹2.76-trillion allocation for next fiscal year
The higher funding will be needed to meet the government's ambitious modernization plans
2 mins
November 20, 2025
Mint Mumbai
OIL, Total partner for ultra-deep exploration
State-run Oil India Ltd (OIL) and French energy major TotalEnergies have joined hands to explore deep and ultra-deepwater offshore basins in the country.
1 min
November 20, 2025
Mint Mumbai
Bosch, Endurance say they are ready for ABS mandate
Bosch Ltd and Endurance Technologies Ltd, two of India's largest manufacturers of anti-lock braking systems (ABS) told investors that they will be able to meet a demand surge for such brakes if the government goes ahead with a plan to make them mandatory for all two-wheelers.
2 mins
November 20, 2025
Listen
Translate
Change font size