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MRF v/s Apollo Tyres: A comparison - II

Mar 27, 2012

Equitymaster compares India's two big tyre manufacturers, Apollo Tyres and MRF

MRF v/s Apollo Tyres: A comparison - I

Jan 12, 2012

Equitymaster compares India's two big tyre manufacturers, Apollo Tyres and MRF.

Apollo Tyres: Wrong side!

Nov 3, 2004

Apollo Tyres, India’s leading tyre manufacturer announced its 2QFY05 results last week. The company has continued to witness pressure at the operating level. As a consequence, despite a 5% YoY growth in topline, bottomline has fallen by around 14%. For the half yearly period, the corresponding figures stood at 9% and a negative 15% respectively, on a YoY basis. If it were not for the other income the bottomline performance would have been even worse.

Bharat Forge: Growth story continues

Oct 26, 2004

Bharat Forge, world’s second largest forging company, has reported robust 2QFY05 and 1HFY05 results. During the quarter, while the topline of the company has grown by a strong 42% YoY, pressure at the operating level and higher tax provisioning has resulted into the bottomline growing at a lower rate of 29% YoY. The corresponding figures for the first half stood at 40% and 29% respectively.

Exide: Will it continue to charge?

Sep 22, 2004

Riding on the back of robust auto sales, Exide, India's largest automotive battery manufacturer has seen some significant buying interest in recent times. In this article let us throw some light on the company's recent performance and on the future prospects of the same.

Identifying an auto anc. stock: Do's and don'ts

May 31, 2004

In Views on News, Equitymaster has tried to highlight here some factors one should keep in mind before investing in an Auto ancillary company. Know more

Apollo Tyres Vs Michelin

Dec 1, 2003

In a move that will have wide ranging implications on the Indian tyre industry, Apollo Tyres, India's largest manufacturer of bus and truck tyres, joined hands with Michelin, a transnational player, to manufacture tyres for the truck and the passenger car industry.

Bharat Forge: The propellant shifts

Oct 22, 2003

Bharat Forge, one of the largest forging companies in the world, has reported robust results for 2QFY04. While the topline of the company has grown 40% YoY, the bottomline of the company has registered an impressive growth of 70%. However, operating margins have declined by 330 basis points due to higher input costs.

Exide: 2QFY04 PAT up 45% YoY

Oct 20, 2003

Exide, India’s leading battery manufacturer, has reported robust 2QFY04 results. While the topline of the company has registered a 9% YoY increase, the bottomline of the company has increased by an impressive 45% during the same period. The net profit of the company has risen mainly on account of improved sales and a reduction in interest expenses.

MRF: Challenging environment

Apr 3, 2002

Auto component majors, after touching their 52-week low levels in 2QFY02, have recovered in sync with other auto majors. While the recovery in auto sector would definitely benefit these players, there are some segments like tyres in which pricing power of manufacturers is slowly decreasing. MRF, one of the market leaders in the Indian tyre segment, has also been a victim on account of higher raw material costs and competition.

MRF: 2Q net declines 74% YoY

May 2, 2001

MRF Ltd, India's largest tyre manufacturer has reported dismal results for 2QFY01. The company's net profit has registered a decline of 74% YoY to Rs 43 m for 2QFY01 as compared to Rs 166.5 m for 2QFY00. Its turnover declined by 22% during this period due to the ongoing slowdown in the automobile sector.

MRF Ltd: 1QFY01 net falls 42%

Feb 1, 2001

MRF Ltd has reported a decline of 42% YoY in its net profit to Rs 96.4 m for 1QFY01 as compared to Rs 166.2 m for 1QFY00. Its turnover went up marginally by 0.5% to Rs 5,706 m.

MRF Ltd: Net profit down 35%

Dec 23, 2000

MRF Ltd has reported a decline of 35% YoY in its net profit to Rs 641 m for FY00 as compared to Rs 986.7 m for FY99. This is despite a 2% growth in turnover in FY00.

Tyres: Threat from China

Dec 22, 2000

The Indian tyre industry has seen a decline in imports from 240,000 car radial tyres in FY98 to 120,000 car radial tyres in FY2000. However things are changing in the current year. It is faced with the pressure of cheaper Chinese imports, which have made an inroad into the Indian tyre market.

Apollo Tyres Ltd. net up 44%

Jul 31, 2000

The company has reported a 7.5% YoY increase in net sales for the 1QFY01 to Rs 3,509 m.

MRF Ltd : higher rubber prices result in fall in net

Jul 29, 2000

The company's sales have gone up by 5% YoY to Rs 6.1 bn in the 3QFY01, however due to a sharp rise in operating expenses the company's operating margins fell from 14.4% in 3QFY00 to 10.2% in 3QFY01. The expense which went up was of raw material as rubber prices have been on the rise. These took its toll on the company's margins.

Apollo Tyres net up 145% YoY

May 30, 2000

Apollo Tyres has reported a net profit of Rs 761 m for FY2000, a growth of 145% over the FY99 net of Rs 311 m. Sales and other income grew by 18.9% YoY to Rs 13.7 bn in FY2000. The operating profit before depreciation and tax jumped 60% YoY.

Tyre production up, prospects not so bright

May 2, 2000

The tyre production figures from April'99-January'2000 have shown an improvement of 7.1% YoY at 29.8m units as compared to 27.7m units for the same period of previous year. The truck and bus segment which accounts for 70% of sales reported a production growth of 11.9% YoY during this period. The other segments that contributed to a good growth in tyre production were passenger cars, tractors and motorcycles as demand from these segments was buoyant during the year.

MRF reports disappointing 2Q results

Apr 20, 2000

MRF has reported a fall in its net profit by 34% for the 2QFY2000 to Rs 209 m as compared to Rs 316 m reported by the company in the 2QFY99. The main reasons for this decline are a fall in operating profits by 16% YoY which was driven by a decline in sales and increase in operating expenses.

Continental buys 15% stake in Apollo Tyres

Feb 15, 2000

Continental AG, Germany, the fourth largest tyre manufacturer in the world, has finally picked up 15 percent equity stake in Apollo Tyres


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