Apollo Tyres’ Q4FY19 PAT down 66% yoy; stock down 4%

The company’s board of directors have recommended a final dividend of Rs3.25/ share

May 09, 2019 08:05 IST India Infoline News Service

Apollo Tyres
Shares of Apollo Tyres were trading 4% down on Thursday after the company registered a fall of 66% yoy in PAT for Q4FY19 at Rs83.99cr vs. Rs250.1cr in the same period a year ago.

The company’s revenue for Q4FY19 rose 5% at Rs4,273cr vs. Rs4,033.6cr in the same period a year ago. Further, the company’s EBITDA dropped 18% yoy at Rs423cr. Margin for the quarter stood at 9.8% vs. 12.8% in the corresponding period last year. The company registered one-time loss of Rs100cr due to IL&FS.

Besides, the company’s board of directors have recommended a final dividend of Rs3.25/ share amounting to Rs1,859.16mn on equity shares of Re1/each for the year, subject to approval from shareholders.

Apollo Tyres Ltd's share price is currently trading at Rs185, down by Rs6.85 or 3.57%, from its previous close of Rs191.85 on the BSE.
The scrip opened at Rs190.85 and has touched a high and low of Rs192.25 and Rs182.20, respectively. So far, 78,62,782 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs10,974.78cr.

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