APOLLO

TYRES LTD

Those who changed history, changed it by going the distance.

ANNUAL REPORT
20 22-23
Consolidated Statement
for the year ended March 31, 2023
of Profit and Loss
Million
Notes
For the year ended For the year ended
March 31, 2023 March 31, 2022
Revenue from operations
Sole of products C27 241,223.24 205,808.14
Other operating income B24 4,458.06 3.667.64
245,681.30 209.475.78
2. Other income B25 410.92 1,234.81
3. Total income (1+2) 246,09222 210,710.59
4. Expenses
(a) Cost of materials consumed B26A 122,619.59 109,554.29
(b) Purchase of stock-in-trade B268 26,782.74 22,060.30
(c) Chonges in inventories of inished goods, stock-in-trade and work-in (3,031.77) (7,759.56)
progress
(d) Employee beneits expense B26C 26,199.21 25,742.37
R27 5,312.35 4444.23
() Finance costs
() Depreciotion and amortisotion expense B1 14,19L42 13,996.73
(g) Other expenses B26D 39,975.00 34,137.37
232,048.54 202,175.3
Total expenses
5 Profit before share of profit in associate /joint venture, exceptional items 14,043.68 8.534.86
and tax (3- 4)
6 Share of proft in associote /joint venture 2.42 0.96
Profft before exceptional items and tax (5+6) 14,046.10 8,535.82
Exceotiongl items C28 (22577) 59.08
8.476.7
9. Profit before tax (7- 8) 14.271.87
10. Tax expense C6
(o) Current tox 2,506.93 947.96
(b) Deferred tax T18.58 1,142.78
Total tax expense 3.225.51 2.090.74
11. Profit for the year (9-10) 11,046.36 6.386.00
12. Other comprehensive income / (loss)
Items that will not be reclassified to proit or loss
(a) Re-measurement goin / (loss) of defined beneit plans 328.89 35.20
Income tox (85.24) (3.79)
243.65 31.41
Items that will be reclassifed to profit or loss
(a) Exchange differences in translating the inncial stotements of 1,989.27 (1.203.02)
foreign operations
(b) Effective portion of goin / (loss) on designated portion of 63.50 151.36
hedging instruments in cash flow hedge
Income tax (22.19) (52.89)
2,030.58 (4,104.55)
Other comprehensive income / (loss) (1 + I1) 2,274.23 (1,073.14)
Total comprehensive income for the year (11 + 12) 13,320.59 5.312.86
Earnings per share (of ?1 each)
(o) Basic ) 1739 10.06
(b) Diluted () 17.39 10.06

See accompanying notes forming part of the consolidated financial stotements

As per our report of even date

For S.R. Batliboi & Co. LLP For and on behalf of the Board of Directors
Chartered Accountants
Firm's Registration No. 301003E/E30000s ONKAR KANWAR NEERAJ KANWAR VINOD RAI
Chairman Vice Chairman &Managing Director
Director
per Pankaj Chadha DIN 00058921 DIN O0058951 DIN O0041867
Partner
Membership No. 091813 GAURAV KUMAR SEEMA THAPAR
Chief Financial Officer Company Secretary
Place: Gurugram Ploce: Amsterdam Membership No - FCS 6690
Date: May 9, 2023 Date: May 9, 2023

311
Consolidated Balance Sheet
as at March 31, 2023
Million

Notes Asat As at
March 31, 2023 March 31, 2022
A ASSETS
1 Non-current assets
(a) Property, plant ond equipment B 158,855,99 157,903.01
(b) Capital work-in-progress C25 1,993.59 5,947.39
Right of use assets C4 7,998.33 8,479.34
(d) Goodwill C3 2,288.21 2,158.07
() Other intangible assets B1 7,386.83 7,372.81
( Intangible assetssun
under development C25 532.03 234.95
(a) Financial assets
Investment in associate /joint venture B2 49.82 48.03
Other ivestments B3 290.94 258.54
iii Other financial assets RA 4,115.74 3,985.10
(h) Deferred tax assets (net) C6 718.92 1,045.22
Other non-current assets BS T74.65 915.95
Total non-current assets 185,005.05 188,348.41
2 Current assets
a) Inventories B 44,284.62 41,553.86
(b) Financial assets
i. Investments B7 4,016.94 4,506.06
Trade receivables BE 24,885.34 20.512.92
Cash and cash equivalents B9 8,360.11 8,706.36
iv. Bank balances other than (ii) obove B1G 102.21 2,100.20
Other financial assets BIl 2,022.64 2 038.34
(c) Other current assets B12 4,915.19 3,691.89
Total current assets 88,587.05 83,109.63
Total Assets (1+2) 273,592.10 271,458.04
B EQUITY AND LIABILITIES
1. Equity
(a) Share capital B13 635.10 635.10
(b) Other equity B14 128,142.73 16,886.22
Total equity 128,777.83 17,521.32
Liabilities
2. Non-current liabilities
() Financial liabilities
I. Borrowings B1 37,898.44 44,084.74
Lease liabilities CA 6,141.74 6.404.6
(b) Provisions
(c) Deferred tax liabilities (net) CE
1,347.23 1,479.59
9.013.56
9,593.99
(d) Other non-current liobilities B17 9,728.97 11,906.22
Total non-current liabilities 64,710.37 72,888.72
3 Current liabilities
() Financial liabilities
i. Borrowings B18 17,978.06 17,851.86
Lease liabilities CA 2,187.06 2,267.94
es
iii. Trade payables B19
Total outstanding dues of micro enterprises and small 306.28 337.63
enterprises
-Total outstanding dues of creditors other than micro 33,232.22 34,971.82
enterprises and small enterprises
Other financial liabilities B20 4,408.25 5,028.44
(b) Other current liabilities 32 18,793.79 177
) Provisions B22 2144.64
(d) Current tax liabilities (net) B23 1,053.60 860.41
Total current liabilities 80,103.90 81,048.00
Total Equity And Liabilities (1+2+3) 273,592.10 271,458.04

See accompanying notes forming part of the consolidated financial statements

As per our report of even date
For S.R. Batlibol &CO. LLP For and on behalf of the Board of Directors
Chartered Accountants
Firm's Registration No. 301003E/E300005 ONKAR KANWAR NEERAJ KANWAR VINOD RAI
Chairman Vice Chairman & Managing Director
Director
per Pankaj Chadha DIN 00058921 DIN 00058951 DIN 00041867
Partner
Membership No. 091813 GAURAV KUMAR SEEMA THAPAR
Chief Financial Officer Company Secretary
Place: Gurugram Place: Amsterdam Membership No - FCS 6690
Date: May 9, 2023 Date: May 9, 2023

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