*Apollo Tyres Ltd.* | *CMP* Rs. 183 | *M Cap* Rs. 10469 Cr | *52 W H/L* 245/144
(Nirmal Bang Retail Research)
*Result is broadly in-line with expectations*
Revenue from Operations came at Rs. 3985.8 Cr (-8% QoQ, -6.4% YoY) vs expectation of Rs. 4206.8 Cr, QoQ Rs. 4331.3 Cr, YoY Rs. 4257.4 Cr
EBIDTA came at Rs. 432 Cr (-9% QoQ, -7.5% YoY) vs expectation of Rs. 434.5 Cr, QoQ Rs. 474.9 Cr, YoY Rs. 467.2 Cr
EBITDA Margin came at 10.8% vs expectation of 10.3%, QoQ 11%, YoY 11%
Adj. PAT came at Rs. 83.1 Cr vs expectation of Rs. 110.3 Cr, QoQ Rs. 141.6 Cr, YoY Rs. 186 Cr
Quarter EPS is Rs. 1.5
Share is trading at P/E of 12.6x FY20E EPS