Apollo Tyres Limited has informed the Exchange regarding Change in Auditors of the company.
APOLLOTYRE · price
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Apollo Tyres reported its audited Q4 and FY25 results, with consolidated revenue rising to Rs. 261,234 Million (from Rs. 253,777 Million in FY24), but consolidated net profit falling sharply to Rs. 11,213 Million (from Rs. 17,219 Million). Standalone revenue grew to Rs. 181,736 Million while standalone profit dropped to Rs. 6,294 Million (from Rs. 11,540 Million). The Board recommended a final dividend of Rs. 5.00 per share (500% on face value of Re. 1), pending shareholder approval. M/s. DMK Associates was appointed as the new Secretarial Auditor for five years (FY26–FY30), replacing M/s. PI & Associates whose tenure ended. Mr. Prateek Rastogi was appointed as Internal Auditor, replacing Mr. Praveen Moon who moved to a different role due to internal restructuring. Statutory auditor M/s. S.R. Batliboi & Co. LLP issued an unmodified opinion on the results.
Profitability has clearly weakened year-on-year despite modest revenue growth, which is a concern for shareholders. The dividend of Rs. 5 per share offers some return support. The auditor changes are routine: the secretarial auditor rotated on tenure completion, and the internal auditor shift is an internal role change, not a governance red flag.