Latest news with #ApolloTyresLtd
United News of India
7 days ago
- Business
- United News of India
Apollo Tyres achieves Gold Rating in EcoVadis Sustainability Assessment
Kochi, Jun 2 (UNI) Apollo Tyres Ltd has received the prestigious Gold Rating from EcoVadis, the world's leading provider of business sustainability ratings. This accomplishment places Apollo Tyres in the top 5% of all companies globally, across industries, reflecting company's unwavering commitment to sustainability, ethical business practices and social responsibility. EcoVadis evaluates companies on a comprehensive set of criteria, including environmental impact, labour practices, ethics and sustainable procurement. The Gold rating reflects the significant progress Apollo Tyres has made across these dimensions, reinforcing its dedication to sustainability and corporate responsibility. The overall performance score for Apollo Tyres Ltd improved to 95th percentile in FY25, up from the 92nd percentile previous year, while the overall score improved from 41 to 76 in the last 5 years. Sunam Sarkar, President and Chief Business Officer, Apollo Tyres said, 'The manifold improvement in our Environment, Ethics and Labour and Human Rights scores was driven by focused initiatives such as enhanced environmental management practices, strengthened ethics and compliance programmes, and the implementation of inclusive labour policies." "This recognition is a testament to the hard work and dedication of our teams, who have worked tirelessly to integrate sustainable practices throughout our operations, motivating us to continue advancing our sustainability journey.' Among the four areas that EcoVadis assess -- environment, labour and human rights, ethics and sustainable procurement -- the most notable improvement was in Ethics and Labour and Human Rights section, where the score increased from 50 to 63 and 70 to 80 points respectively. Apollo Tyres achieved the highest score in Environment with 85 points, while Sustainable Procurement performance score was 71 points. An overall score of 76/100 reflects Apollo Tyres' commitment to combat climate change, fostering a safe and inclusive workplace, and upholding the highest ethical standards to ensure trust and transparency throughout the value chain. In the EcoVadis assessment, top 1% of the companies scoring 99+ percentile get platinum ranking, top 5% with 95+ percentile get gold ranking, top 15% with 85+ percentile get silver ranking and top 35% with 65+ percentile get bronze ranking. UNI DS BM
Time of India
7 days ago
- Business
- Time of India
Apollo Tyres achieves gold rating from EcoVadis for sustainability excellence
Apollo Tyres Ltd has been awarded the Gold Rating by EcoVadis , a leading business sustainability ratings provider, placing them in the top 5 per cent of companies globally. The company's overall performance improved to the 95th percentile in FY25, with a significant increase in scores over the past five years. EcoVadis assesses companies based on a comprehensive set of criteria. These include environmental impact , labour practices, ethics, and sustainable procurement. The Gold rating signifies Apollo Tyres ' progress across these dimensions. Sunam Sarkar, President and Chief Business Officer, Apollo Tyres, said 'The manifold improvement in our Environment, Ethics and Labour and Human Rights scores was driven by focused initiatives such as enhanced environmental management practices, strengthened ethics and compliance programmes, and the implementation of inclusive labour policies. This recognition is a testament to the hard work and dedication of our teams, who have worked tirelessly to integrate sustainable practices throughout our operations, motivating us to continue advancing our sustainability journey.' Assessment criteria The EcoVadis assessment covers four key areas-- environment, labour and human rights, ethics, and sustainable procurement. The most notable improvements were in Ethics and Labour and Human Rights. The scores in these sections increased from 50 to 63 and 70 to 80 points, respectively. Apollo Tyres achieved its highest score in the Environment category. The company scored 85 points in this area, while its Sustainable Procurement performance score was 71 points. An overall score of 76 out of 100 reflects Apollo Tyres' dedication to several critical areas. These include combating climate change, fostering a safe and inclusive workplace, and upholding high ethical standards.
United News of India
14-05-2025
- Automotive
- United News of India
Apollo Tyres FY25 revenue closed at Rs 26,123 crore
Kochi, May 14 (UNI) The Board of Directors of Apollo Tyres Ltd has approved the company's audited financial results for the fourth quarter (Jan to Mar) and the financial year 2024-25. The Board recommended a dividend payout of Rs five per equity share (500%), on face value of Re 1 each for FY25, subject to the approval of the shareholders at the forthcoming Annual General Meeting. Consolidated revenues from operations across geographies for the full year FY25 grew 3% to close at Rs 26,123 crores; for the fourth quarter also, the revenue was up three percent at Rs 6,424 crores. Indian Operations revenue also grew in single digits for the full year and in the 4th quarter. Revenue from operations was up three percent to close at Rs 26,123 crores, as against Rs 25,378 crores in FY24. Operating profit reported was Rs 3,572 crores, as against Rs 4,447 crores. Net profit reported was Rs 1,121 crores as against Rs 1,722 crores in the same period last fiscal Revenue from operations closed at Rs 6,424 crores, as against Rs 6,258 crores in Q4 FY24. Operating profit reported was Rs 837 crores, as against Rs 1,028 crores. Net profit for Q4 closed at Rs 185 crores, as against Rs 354 crores in the same period last fiscal UNI DS SS
