Q3 2020 Apollo Tyres Limited Earnings Call Transcript
Everyone, on behalf of IIFL, I welcome you all to the post results conference call of Apollo Tyres. I also take this opportunity to welcome Gaurav Kumar, Chief Financial Officer; and other senior management personnel, including the Investor Relations team. I request Gaurav to make the opening remarks, which would be followed by Q&A. Over to you, Gaurav.
Thank you, Joseph. Good afternoon, everyone. Let's begin with our usual sequence of the opening remarks. For the consolidated operations, the net sales for the quarter stood at INR 43.5 billion, a decline of 6% year-on-year, though it was growth of almost 11% on a sequential basis. This comprised of India revenues, which declined by 6%, whereas our Europe manufacturing operations registered a growth of 4%.
The EBITDA for the quarter at INR 5.3 billion showed an improvement against the same quarter last year and also the preceding quarter. In terms of our debt number, it was flattish
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