BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Apollo Tyres Ltd.'s Q2 FY22 numbers were broadly in line estimates, margin pressure on India business was partially offset by improvement in margin of overseas business.
Ebitda fell 8% YoY to Rs 6.38 billion with margin at 12.6% (up 20 basis points QoQ).
Domestic EBIT margin stood at 5.6% while Europe EBIT came in at 5.29%.
Apollo Tyres management stated that current demand momentum is strong in both domestic and European markets and expected to continue in the medium term.
Moreover, strong revenue growth in export (South America, Middle East, ASEAN) would also aid revenue growth.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
