Apollo Tyres Limited has informed the Exchange regarding Outcome of Board Meeting held on May 14, 2025.
APOLLOTYRE · price
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Apollo Tyres' board approved audited standalone and consolidated financial results for Q4 and FY25 (ended March 31, 2025). Consolidated revenue from operations rose modestly to ₹26,123 crore from ₹25,378 crore in FY24, but profit for the year fell sharply to ₹1,121 crore from ₹1,722 crore. The board recommended a dividend of ₹5.00 per share (500% on face value of ₹1) for FY25, subject to shareholder approval. M/s. DMK Associates was appointed as Secretarial Auditor for FY26-FY30, and Mr. Prateek Rastogi was appointed as Internal Auditor replacing Mr. Praveen Moon. The statutory auditor (S.R. Batliboi & Co. LLP) issued an unmodified (clean) opinion on the financial statements.
Despite modest revenue growth, the significant drop in profitability and margin compression may weigh on near-term investor sentiment, though the strong dividend announcement provides some support to shareholders. Clean audit opinion and stable debt-equity ratio (0.27) are positive signals.