Tolins Tyres Limited — Updates, 14-11-2024: Press Release

**Press Release Summary:**

Tolins Tyres Limited reported impressive growth in its unaudited financial results for the quarter and half-year ending September 30, 2024. Revenue from operations surged by 64% year-on-year to ₹76.88 Cr in Q2 FY25 and reached ₹153.18 Cr for H1 FY25, marking a 74% increase compared to the previous year. This growth is attributed to heightened customer demand and expansion in the OEM segment, alongside the introduction of three new two-wheeler tyre models.

Despite an EBITDA margin contraction, EBITDA (excluding other income) rose to ₹15.25 Cr in Q2 FY25, up 16% year-on-year, while H1 FY25 EBITDA reached ₹30.04 Cr, representing a 38% increase. Profit after Tax (PAT) showed robust growth, with Q2 FY25 PAT growing by 13% to ₹9.60 Cr and a remarkable 47% increase for H1 FY25 to ₹18.51 Cr. The company aims to leverage its strong market position and expanded product offerings to sustain this positive momentum in the coming periods.