Q2 2024 Apollo Tyres Ltd Earnings Call Transcript

Nov 08, 2023 / 11:30AM GMT
Ashutosh Tiwari - Equirus Securities Private Limited, Research Division - MD & Head of Institutional Equities

Yes. Hello, everyone. On behalf of Equirus Securities, I welcome you all on the second quarter FY '24 conference call of Apollo Tyres. From the management side, we have Vice Chairman and Managing Director, Mr. Neeraj Kanwar; CFO, Mr. Gaurav Kumar; and members of IR team.

Without further ado, I hand over this call to Mr. Kanwar for opening remarks, post which we'll open up for Q&A session. Over to you, sir.

Neeraj Singh Kanwar - Apollo Tyres Limited - Vice Chairman, MD & Member of Management Board

Thank you, Ashutosh. Good evening, and thank you all for joining us today. I welcome you all to this post-results quarter call.

Looking at the second quarter performance, the team has delivered yet another strong quarter with consol operating margin at 18.5%, a 160% increase in consol earnings Y-on-Y. We have time and again consistently displayed our strong focus on profitability, cost optimization, free cash flow generation and

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