Q4 2019 Apollo Tyres Ltd Earnings Call Transcript
Good morning, everyone. On behalf of Elara Securities, we welcome you all to the Q4 FY '19 Earnings Conference Call of Apollo Tyres. From the management side, we have with us Mr. Gaurav Kumar, CFO, Apollo Tyres and other senior management.
I would now like to hand over the call to Mr. Gaurav for his opening remarks. Over to you, sir.
Morning. Thanks, [Jeff]. Good morning, everyone. To begin, on a consolidated basis, the net sales for the quarter was at INR 41.8 billion, a growth of 5% on a year-on-year basis. However, a decline of 10% on a sequential basis. The sequential decline was both in India and Europe operations. Europe, a seasonal factor and also on account of tough market conditions in both our markets. The EBITDA for the quarter stood at INR 4.2 billion, a margin of just under 10%, a drop of close to 3%, vis-Ã -vis same period last year. The large impact coming through essentially on account of the sequential decline in revenue. In terms of raw materials,
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