Apollo Tyres Q2 Results: Net profit falls 37% to Rs 297 crore

Apollo Tyres reported a 37% decline in its consolidated net profit for the September 2024 quarter, reaching Rs 297 crore. The company attributed the decrease to weak demand in the Indian OEM segment and a surge in raw material costs. Despite this, revenue from operations saw a slight increase to Rs 6,437 crore compared to the same period last year.