Tolins Tyres Limited — Updates, 12-02-2025: Press Release

Tolins Tyres Limited reported a revenue from operations of Rs. 69.7 Crore in Q3 FY25, down 7.68% from Rs. 75.5 Crore in Q3 FY24 due to seasonal demand fluctuations. The company maintained profitability, with Profit After Tax (PAT) slightly increasing to Rs. 10.9 Crore, reflecting a 0.93% YoY growth, while PAT margin improved to 15.6%. For the nine months ended December 2024, total revenue reached Rs. 222.92 Crore, up 5% YoY, bolstered by product diversification and market expansion. EBITDA for this period surged 31.5% to Rs. 42.6 Crore, with a corresponding increase in EBITDA margin to 19.1%. Notably, the company signed a three-year Offtake Agreement with Apollo Tyres, which is expected to enhance capacity utilization significantly. The positive performance and strategic initiatives suggest potential growth, making Tolins an entity to watch closely in the coming quarters.