Apollo Tyres on Wednesday stated its consolidated revenue declined 48 per cent to ₹185 crore within the fourth quarter ended March 31, 2025, hit by “underperformance” by way of gross sales.
The corporate had reported a web revenue of ₹354 crore within the January-March quarter of FY24.
Income from operations rose to ₹6,423 crore towards ₹6,258 crore within the year-ago interval, Apollo Tyres stated in a regulatory submitting.
For FY25, the tyre maker reported a web revenue of ₹1,121 crore as in contrast with ₹1,722 crore in FY24.
Income rose to ₹26,123 crore final fiscal towards ₹25,378 crore within the 2023-24 monetary yr.
“We acknowledge that our efficiency over the previous few quarters has not met trade benchmarks and our personal expectations. After a radical inner evaluation, we now have recognized the important thing challenges that contributed to this underperformance,” Apollo Tyres Chairman Onkar Kanwar stated.
With focused methods now in place to handle these points, the corporate is assured in its means to ship stronger leads to the approaching quarters, he added.
The corporate stated its board beneficial a dividend of ₹5 per share on the face worth of Re 1 every for FY25, topic to the approval of the shareholders.
