Apollo Tyres: Growing Profits, Greener Future

Apollo Tyres Ltd. Has announced impressive financial results for the past fiscal year, with revenue growing by 3% to ₹25,378 crores and net profit surging 65% to ₹1,722 crores. Chairman Mr. Onkar Kanwar attributed this success to the company’s unwavering …

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Apollo Tyres Ltd. Has announced impressive financial results for the past fiscal year, with revenue growing by 3% to ₹25,378 crores and net profit surging 65% to ₹1,722 crores. Chairman Mr. Onkar Kanwar attributed this success to the company’s unwavering focus on efficiency, financial discipline, and strategic growth initiatives.

Mr. Kanwar emphasized Apollo Tyres’ commitment to sustainable growth, highlighting the company’s progress in digitalization, technology, innovation, brand building, sustainability, and people development. The company’s strong emphasis on employee well-being has been recognized with the 11th consecutive ‘Great Place to Work’ certification in India and multiple Top Employer awards globally.

Apollo Tyres Sets Ambitious Net Zero Target

Underscoring the company’s commitment to sustainability, Chairman Mr. Onkar Kanwar announced an ambitious goal of achieving net zero emissions by 2050. Addressing shareholders at the 51st Annual General Meeting, Mr. Kanwar outlined the company’s strategy to incorporate sustainable practices.

“We are determined to reduce our environmental impact by transitioning to sustainable materials and significantly cutting emissions,” said Mr. Kanwar. “While this is a challenging endeavor, we are fully committed to it and are actively collaborating with industry experts to achieve our target. Sustainability is not just a corporate responsibility but a strategic imperative for building a stronger future for all stakeholders.”