Apollo Tyres Limited has informed the Exchange regarding 'Business Responsibility & Sustainability Report for Financial Year 2024-25'.
APOLLOTYRE · price
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Awaiting price reaction for this filing.
Apollo Tyres has submitted its Business Responsibility and Sustainability Report (BRSR) for FY2024-25 to the stock exchanges, as required under SEBI's listing regulations. The report, which carries an independent reasonable assurance from S.R. Batliboi & Co. LLP, covers the company on a standalone basis, with a turnover of ₹17,870.60 crore, net worth of ₹10,672.05 crore, and a total workforce of 15,681 employees and workers across 5 national and 2 international plants. The company met its FY26 targets ahead of schedule, achieving 25% reduction in Scope 1 emission intensity, 35% in Scope 2, 33.3% renewable energy share, and a 28% reduction in water withdrawal intensity. The report also flagged the ongoing legal battle with the Competition Commission of India (CCI), where a ₹425.53 crore penalty from 2022 is pending, with the Supreme Court hearing scheduled for July 20, 2025.
This is a routine annual ESG compliance filing and is unlikely to move the stock on its own. However, investors should note the upcoming Supreme Court hearing on July 20, 2025 in the CCI penalty case, which remains a material overhang. The sustainability progress disclosures also reinforce Apollo Tyres' commitment to its Net Zero by 2050 roadmap, which is increasingly relevant for ESG-focused investors.