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Apollo Tyres Ltd. reported better-than-expected Q4 FY21 results.
Total consolidated operating income was at Rs 5,026 crore, up 39.2% YoY.
Within key geographies, revenue from Asia Pacific Middle East Africa region came in at Rs 3,688 crore (up 49% YoY) while revenue from Europe region was at Rs 1,404 crore (up 20.1% YoY).
Ebitda margin at 16.2% was down 300 basis points QoQ amid gross margin decline of 240 bps.
Asia Pacific Middle East Africa region Ebit margins dropped 386 bps QoQ to 11.9% while Europe margins declined 199 bps QoQ to 4.6%.
Consequent consolidated profit after tax came in at Rs 287 crore (versus Rs 78 crore in base quarter).
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