कोशिश गोल्ड - मुक्त
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.
यह कहानी Mint Mumbai के November 20, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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