Apollo Tyres (APOLLOTYRE) Q4 24/25 earnings summary

Executive summary

• Consolidated revenue for Q4 FY25 grew 2.6% year-over-year to INR 64,236 Mn, with full-year revenue up 2.9% to INR 261,234 Mn.

• EBITDA for Q4 FY25 declined 18.5% year-over-year to INR 8,374 Mn, with EBITDA margin dropping to 13.0%.

• Net profit after tax (PAT) for Q4 FY25 was INR 1,843 Mn, down from INR 3,540 Mn in Q4 FY24, with PAT margin at 2.9%.

• Audited standalone and consolidated financial results for the quarter and year ended March 31, 2025, were approved, with a recommended final dividend of ₹5.00 per share, subject to shareholder approval.

• Appointments of new Secretarial Auditor (DMK Associates) for FY26–FY30 and new Internal Auditor (Mr. Prateek Rastogi) effective May 14, 2025, were approved.

Financial highlights

• Standalone revenue for Q4 FY25 increased 4.4% year-over-year to INR 45,805 Mn, but standalone EBITDA margin dropped to 11.2%.

• Full-year standalone PAT declined to INR 6,294 Mn from INR 11,540 Mn in FY24.

• Standalone EBITDA margin for FY25 was 12.05% (vs. 17.66% in FY24); consolidated EBITDA margin was 13.67% (vs. 17.52% in FY24).

• Basic and diluted EPS for FY25 were ₹9.91 (standalone) and ₹17.66 (consolidated), both lower than the previous year.

• Consolidated net profit for FY25 was ₹11,213 million, down from ₹17,219 million year-over-year.

Outlook and guidance

• Operating performance in Europe expected to recover with additional capacity and focus on sales mix improvement and cost optimization.

• Capex for FY25 was kept below guidance to maintain profitability.

• The Board recommended a final dividend of ₹5.00 per share for FY25, to be paid within 30 days of the AGM, subject to shareholder approval.