Q3FY17 Results : Apollo Tyres

Apollo Tyres Ltd. declared its consolidated results for the quarter ended December 31, 2016 today. 

The company's sales for Q3FY17 were Rs 3703.7 crore, which represents a 11.82 per cent sequential increase and 12.12 per cent YoY increase.

Its operating profit (EBIT) for the quarter was Rs 385.9 crore and its EBIT margin was 10.42 per cent.

The company's PAT of Rs 295.6 crore represented a sequential QoQ increase of 13.91 per cent and a YoY increase of 5.95 per cent. 

Apollo Tyres Ltd is an Indian tyre manufacturing company operating in Asia, Africa and Europe. The company's products cover the entire gamut of passenger cars and 4x4 (summer and winter tyres), light trucks, trucks and buses, as well as agricultural, industrial, off the road and bicycles tyres. The company is also in the business of retreading material, retreaded tyres and alloy wheels.