Apollo Tyres

** Apollo Tyres APLO.NS and JK Tyre JKIN.NS gain about 4% to 413.50 rupees and 393.30 rupees, respectively

** MRF MRF.NS and CEAT CEAT.NS climb about 3.5% to 1,30,115 rupees and 3,450 rupees

** US and Iran agree on a framework to end the conflict and reopen the Strait of Hormuz, sending crude prices lower O/R

** Lower crude prices are positive for tyre makers as key raw materials, including synthetic rubber and carbon black, are linked to crude oil derivatives

** YTD, APLO down 17.3%, JKIN falls 23.8%, MRF drops 14.2%, CEAT declines 8.6%

(Reporting by Surbhi Misra in Bengaluru)

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** Shares of Apollo Tyres APLO.NS rise as much as 6.7%; last up 3.4% to 415.5 rupees

** Tyre maker posts more than three-fold jump in quarterly profit to 6.3 billion rupees

** Profit was boosted by deferred tax gain , while March qtr revenue jumped 14.2% on steady demand

** Morgan Stanley ("Equal-weight"; pt: 535 rupees) says co's EU business margins were better-than-expected, and consolidated EBITDA beat itsz estimate by stronger-than-expected India business

** Stock rated as "Buy" by 23 analysts; median PT at 543 rupees pewr LSEG-compiled data

** More than 2 million shares change hands vs 30 day avg of 1 million shares

** YTD, stock down 16.3%

(Reporting by Mridula Kumar in Bengaluru)

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May 14 (Reuters) - Apollo Tyres Ltd APLO.NS:

• APOLLO TYRES Q4 CONSOL PROFIT 6.31 BILLION RUPEES

• APOLLO TYRES Q4 CONSOL REVENUE FROM OPERATIONS 73.36 BILLION RUPEES

• APOLLO TYRES LTD - DECLARES DIVIDEND OF 2.5 RUPEES PER SHARE

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** Indian auto industry is likely to be hurt by commodity inflation due to Iran war even if the risk of production disruptions seems to be abating, says J.P.Morgan

** The Nifty auto index .NIFTYAUTO down 9% since the start of the Iran war, underperforming the benchmark Nifty 50's .NSEI 6% drop

** J.P.Morgan cuts fiscal year 2027 earnings estimates by 2%-16% across its coverage in auto sector

** Brokerage says that commodity costs for Indian auto companies has risen 15%-20% due to the conflict, which will necessitate price hikes of 2.5%-5% across the sector

** "The bulk of this hit would be felt in the ongoing June quarter," says J.P.Morgan, adding that it expects mid/high single digit volume growth across segments, except tractors, in FY2027 and FY2028

** Upgrades TVS Motor TVSM.NS to "overweight" from "neutral", Escorts Kubota ESCO.NS to "neutral" from "underweight"

** Downgrades Apollo Tyres APLO.NS to "neutral" from "overweight"

** TVSM, ESCO up 0.25% and 2%; APLO down 1%

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Indian auto stocks .NIFTYAUTO fall 2.83% to 25,192, hitting seven-month low; biggest loser among major sectors

** Higher oil prices, LNG supply disruptions amid Iran war affect automakers, suppliers, brokerages say

** Oil trading around $100 a barrel; Brent futures hit $100 briefly

** Nomura says ~48% of India's LNG import volumes at risk after supplies curtailed

** Notes high utilisation OEMs, suppliers - Maruti Suzuki MRTI.NS, TVS Motors TVSM.NS, Bajaj Auto BAJA.NS, Balkrishna Industries BLKI.NS, Apollo Tyres APLO.NS, Uno Minda UNOI.NS, Bharat Forge BFRG.NS - likely more exposed to gas shortages, higher spot prices

** Goldman Sachs says auto OEMs use LNG as process fuel in paint shops, auto suppliers use gas extensively in manufacturing

** YTD, NIFTYAUTO down ~10.7%; benchmark Nifty 50 .NSEI falls ~9.3%

(Reporting by Abhirami G in Bengaluru)

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** Shares of Indian tyre manufacturing companies extend losses on Wednesday as oil prices climb amid escalating Middle East conflict

** JK Tyre and Industries JKIN.NS, CEAT CEAT.NS, MRF MRF.NS and Apollo Tyres APLO.NS down between 1.9% and 5%

** Brent crude LCOc1 up about 2.2% at $83.2 per barrel, after jumping 4.7% in the previous session

** Key raw materials, such as synthetic rubber (25-30% of raw material cost), carbon black (20%), and other derivatives are all linked to crude oil

** Tyre stocks dropped 1.5% to 4.7% on Monday

** YTD, JKIN down 5%, APLO falls ~12%, while CEAT and MRF lose ~9%

(Reporting by Anuran Sadhu in Bengaluru)

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Feb 4 (Reuters) - Apollo Tyres Ltd APLO.NS:

• APOLLO TYRES Q3 CONSOL PROFIT 4.71 BILLION RUPEES

• APOLLO TYRES Q3 CONSOL REVENUE FROM OPERATIONS 77.43 BILLION RUPEES

• APOLLO TYRES LTD - ANNOUNCES CAPACITY EXPANSION AT ANDHRA PRADESH PLANT

• APOLLO TYRES LTD - INVESTMENT OF 58.10 BILLION RUPEES REQUIRED FOR EXPANSION

• APOLLO TYRES LTD - DECLARATION OF INTERIM DIVIDEND OF 3.50 RUPEES PER EQUITY SHARE

Source text: [ID:]

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Dec 5 (Reuters) - Apollo Tyres Ltd APLO.NS:

• APOLLO TYRES LTD - LITIGATION INVOLVING TAX OF 2,791 MILLION RUPEES QUASHED

Source text: ID:nNSE9fHK4v

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Sept 16 (Reuters) - Apollo Tyres Ltd APLO.NS:

• 3-YEAR STRATEGIC PARTNERSHIP WITH BCCI

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Aug 13 (Reuters) - Apollo Tyres Ltd APLO.NS:

• GOT TAX ORDER WITH GST AND PENALTY OF 6.2 MILLION RUPEES

Source text: ID:nBSE7qXtyr

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April 28 (Reuters) - Apollo Tyres Ltd APLO.NS:

• APOLLO TYRES LTD - ACQUIRES 3.43% STAKE IN GIWPPL

Source text: ID:nBSE4VZrCX

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Feb 6 (Reuters) - Apollo Tyres Ltd APLO.NS:

• Q3 CONSOL PROFIT 3.37 BILLION RUPEES; IBES PROFIT EST. 3.84 BILLION RUPEES

• Q3 CONSOL REVENUE FROM OPERATIONS 69.28 BILLION RUPEES; LSEG IBES EST. 68.43 BILLION RUPEES

Source text: [ID:]

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By Lori Ewing

MANCHESTER, England, Dec 11 (Reuters) - Despite a combined population of nearly 1.6 billion people and a deeply engrained passion for football, there are no players from India or Thailand in England's Premier League, but Manchester United are hoping that may soon change.

The club and sponsor Apollo Tyres invited six young players from India, Nepal, Thailand and the United Arab Emirates, from an original pool of 15,000, to Old Trafford last week to work on their skills with United coaches as part of the 'United We Play' initiative to empower footballers from untapped communities.

"I'm a big believer that the most important part of a talent development is opportunity," said United's Director of Academy Nick Cox. "I hope that this programme is inspiring young people, I think that's really important, that people realise that what they're trying to achieve is possible and is real."

Former United player Louis Saha kicked off the fourth edition of the programme a year ago in Kolkata, India. Former United captain Gary Neville oversaw the grand finale of the competition, from which the half dozen players were chosen, in Chandigarh in October.

"This is a brilliant opportunity for these young kids to experience what it takes to get to the top," said former United defender John O'Shea, who helped put the young players through their paces in torrential rain.

"Seeing the team train under tough conditions will help to build their resilience, a quality they'll need if they want to get into the professional leagues."

More than 100 coaches in India and elsewhere also participated in the club's United Soccer Schools training sessions.

While former FIFA boss Sepp Blatter called India a "sleeping giant," the country's staggering population has yet to translate into global football success. The national men's team is ranked 125th in the world and India have never played in a World Cup.

The 1950s-60s are considered India's golden years of football when they won Asian Games gold in 1951 and 1962 and finished fourth at the 1956 Olympics in Melbourne.

In 2010, India's Sunil Chetri signed for the Kansas City Wizards in Major League Soccer but did not play for the first team, while India goalkeeper Gurpreet Singh Sandhu had a three-year stint at Norwegian club Stabaek.

The All India Football Federation last year launched its 'Vision 2047' project, with aims of ranking among Asia's top four countries and to have produced at least one player -- each in men's and women's football -- with international renown by 2047.

While the sport's popularity does not rival that of cricket, some 100,000 fans show up for the annual Kolkata derby between East Bengal and Mohun Bagan, which dates back 100 years.

(Reporting by Lori Ewing; additional reporting by Amlan Chakraborty
Editing by Christian Radnedge)

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Nov 13 (Reuters) - Apollo Tyres Ltd APLO.NS:

• SEPT-QUARTER CONSOL PROFIT 2.97 BILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 64.37 BILLION RUPEES

• APPROVES RAISING OF FUNDS VIA ISSUE OF NON-CONVERTIBLE DEBENTURES FOR UP TO 10 BILLION RUPEES

Source text: [ID:]

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Nov 8 (Reuters) - Apollo Tyres Ltd APLO.NS:

• WILL CONSIDER FUND RAISING

• TO CONSIDER FUND RAISING BY ISSUE OF NCDS THROUGH PRIVATE PLACEMENT

Source text: ID:nBSE7P0Yc4

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** Shares of Indian motorcycle maker Bajaj Auto BAJA.NS fall 10% to 10,401 rupees; set for their worst day since March 2020, if losses hold

** Fall after BAJA's weak festive sales growth outlook at just 3%-5% against industry expectations of at least 8%

** BAJA top pct loser on Nifty auto index .NIFTYAUTO and Nifty 50 index .NSEI, which are down 2.8% and 0.5%, respectively

** Forecast drags rivals Hero MotoCorp HROM.NS and TVS Motor TVSM.NS down 3.7% and 4.7%, respectively

** Nifty auto index set for worst day since early Aug

** Tyre-makers CEAT CEAT.NS, MRF MRF.NS and Apollo Tyres APLO.NS fall between 0.4% and 2%.

** Battery makers Exide Industries EXID.NS and Amara Raja Energy & Mobility AMAR.NS fall ~2% each

** Auto-focussed lender Shriram Finance SHMF.NS falls 1.6%

(Reporting by Dimpal Gulwani in Bengaluru)

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** Shares of Apollo Tyres APLO.NS fall as much as 3% to 505 rupees

** The tyre maker on Wednesday reported Q1 consolidated profit of 3.02 billion rupees vs analysts' avg estimate of 3.86 billion rupees, per LSEG data

** Weak domestic demand, higher rubber costs dented profit

** Stock set to log fifth fall in 7 straight sessions

** Avg rating of 24 analysts covering the stock is "buy"; median PT at 546.50, a premium of 5.1% to stock's last close - LSEG data

** Stock last down 2.1%, trimming YTD gains to 12.1%

(Reporting by Anisha Ajith in Bengaluru)

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Aug 7 (Reuters) - Apollo Tyres Ltd APLO.NS:

• JUNE-QUARTER PROFIT 1.92 BILLION RUPEES

• JUNE-QUARTER REVENUE FROM OPERATIONS 45.92 BILLION RUPEES

Source text for Eikon: ID:nBSEb6JvKB

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(Reporting by VijayDattaram Malkar)

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** Shares of Apollo Tyres APLO.NS fall as much as 3.2% to 459 rupees, last down 2%

** Co reports 13.7% fall in March-quarter consol profit to 3.54 bln rupees (nearly $12 mln), hurt by increased tax expenses

** APLO on track for third straight session of losses

** Busiest session for stock since mid Jan; more than 6.3 mln shares change hands, 3x the 30-day avg

** Twenty-three analysts on average have a "buy" rating; median PT 555 rupees - LSEG data

** Stock up ~2% YTD; it had risen 40% in 2023 - its fourth straight year of gains

($1 = 83.4909 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

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BENGALURU, May 2 (Reuters) - Indian tyremaker CEAT CEAT.NS reported a lower fourth-quarter profit on Thursday, hurt by higher rubber costs.

WHY IT'S IMPORTANT

CEAT, whose customers include automakers Maruti Suzuki MRTI.NS and Mahindra & Mahindra MAHM.NS, is the first Indian tyremaker to report results this quarter.

CONTEXT

Domestic sales of overall vehicles in India rose more than 20% in the fourth quarter and production climbed more than 21%, according to industry data.

Prices of rubber, a key raw material for tyre manufacturers, rose roughly 10% in the quarter, according to analysts.

BY THE NUMBERS

CEAT's fourth-quarter consolidated net profit fell 18.8% to 1.09 billion rupees ($13.06 million) from a year earlier. Analysts had expected a profit of 1.64 billion rupees, according to LSEG data.

The company's revenue from operations rose 4.1% to 29.92 billion rupees.

CEAT's quarterly expenses rose 3.7% to 27.98 billion rupees, led by a 5.5% climb in raw material costs.

GRAPHIC

(Figures in percentage)

($1 = 83.4550 Indian rupees)

(Reporting by Varun Hebbalalu and Meenakshi Maidas in Bengaluru)

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April 16 (Reuters) - Apollo Tyres Ltd APLO.NS:

• GETS TAX ORDER FOR PENALTY AT 20.6 MILLION RUPEES

Source text for Eikon: ID:nNSE4L4lSt

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** Apollo Tyres shares APLO.NS down 6.7%, taking losses in past 2 days to over 9%

** Stock's worst 2-day slide in ~6 months on worries over Q3 results and as at least 3 analysts cut ratings

** ICICI Securities cuts to "hold" on risk of operating leverage impact from "too much focus on profitability"

** Nomura cuts to "reduce"; says high margins strategy "unlikely to drive earnings growth", could cost market share

** Also flags risk of margins reversing to avg in 2-3 years and valuation worries

** APLO's 12-mth forward P/E second-highest among peers - LSEG data

** Motilal, though, says APLO has "best blend of earnings growth ... and cheap valuation" vs peers; keeps "buy"

** Avg rating of 23 analysts on stock is "buy" -LSEG data

(Reporting by Nandan Mandayam in Bengaluru)

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Feb 7 (Reuters) - Apollo Tyres Ltd APLO.NS:

• APOLLO TYRES Q3 CONSOL PROFIT 4.97 BILLION RUPEES; LSEG IBES PROFIT EST. 4.97 BILLION RUPEES

• APOLLO TYRES Q3 CONSOL REVENUE FROM OPERATIONS 65.95 BILLION RUPEES; LSEG IBES REVENUE EST. 66.04 BILLION RUPEES

• APOLLO TYRES YEAR AGO Q3 CONSOL PROFIT 2.79 BILLION RUPEES, REVENUE 64.23 BILLION RUPEES

Source text for Eikon: ID:nBSE8hM1Pc

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Jan 12 (Reuters) - Apollo Tyres Ltd APLO.NS:

• GOT GST ORDER LEVYING PENALTY OF 1.2 MILLION RUPEES

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** Shares of Apollo Tyres APLO.NS rise as much as 7.1% to a record high of 485 rupees

** White Iris Investment, a Warburg Pincus entity, likely to sell 3% stake in co with an option to upsize the deal - CNBC TV18 report

** Apollo Tyres did not immediately respond to Reuters' request for comment

** More than 8.4 mln shares change, 3.1x its 30-day avg

** APLO on track for three straight months of gains, if trend holds; eyes fourth consecutive year of gains

** Average rating of 23 analysts covering the stock is "buy"; median PT is 427 rupees - LSEG data

** Stock last up 1.3%, gains 42% YTD

(Reporting by Ashna Teresa Britto in Bengaluru)

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** Shares of Apollo Tyres APLO.NS rise as much as 5.7% to 406.2 rupees, steepest intraday gain since Jan. 5

** Stock hits highest since Aug. 11

** Co says Q2 consolidated profit more than doubled to 4.74 bln rupees ($56.94 mln), beating analysts' estimate of 4.33 bln rupees, aided by higher auto sales and lower input costs

** Mean rating of 26 analysts covering the stock is "buy"; median PT is 427 rupees - LSEG data

** Stock currently up 4.9%, bumping YTD gains to 23%

($1 = 83.2520 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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Nov 7 (Reuters) - Apollo Tyres Ltd APLO.NS:

• INDIA'S APOLLO TYRES Q2 CONSOL PROFIT 4.74 BILLION RUPEES; LSEG IBES EST. PROFIT 4.33 BILLION RUPEES

• APOLLO TYRES Q2 CONSOL REVENUE FROM OPERATIONS 62.8 BILLION RUPEES

• APOLLO TYRES YEAR AGO Q2 CONSOL PROFIT 1.79 BILLION RUPEES, REVENUE 59.56 BILLION RUPEES

Source text for Eikon: [ID:]

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Sept 28 (Reuters) - Apollo Tyres Ltd APLO.NS:

• UPDATE ON APPEAL FILED BEFORE SAT AGAINST ORDER PASSED BY SEBI

• SAT QUASHED ORDER IN ITS ENTIRETY AND DIRECTED SEBI TO REFUND PENALTY AMOUNT OF 6.5 MILLION RUPEES TO CO

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** Shares of India's Apollo Tyres APLO.NS down as much as 3% at 367.60 rupees, hitting lowest level since May 23

** Co says tyre production at its facility in Limda, Gujarat, second-largest plant in terms of FY23 production, halted but no material impact on ops

** Halt due to "concerns amongst shop floor employees relating to renewal of long-term settlement agreement"

** APLO in discussion with labour union representatives to address concerns, find resolution - filing

** More than 1.4 mln shares change hands by 10:00 a.m. IST, 0.6x the 30-day avg

** Mean recommendation of 28 analysts is "buy", median TP 427.50 rupees - LSEG data

** Stock currently down 2%, trimming YTD gains to ~15%

(Reporting by Hritam Mukherjee in Bengaluru)

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