InvestorQ : How did Apollo Tyres dip into a net loss in the Jun-20 quarter?
Khushi Patel made post

How did Apollo Tyres dip into a net loss in the Jun-20 quarter?

Answer
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Anjana Aiyar answered.
1 month ago


Apollo Tyres reported net loss of Rs.135 crore for the Jun-20 quarter as the demand was hit by weak auto numbers and the supply also got disrupted due to the lockdown following the Coronavirus pandemic. This is a huge fall from a profit of Rs.142 in the Jun-19 quarter. Even the net sales for the quarter fell by almost 1/3rd on a YOY basis.

However, even as the OEM market continues to remain tepid, it has seen good traction in the replacement market.