Apollo Tyres Q4 PAT drops 18.5% at Rs 157 cr

Apollo Tyres , country's second largest tyre manufacturer by market cap has reported a better than expected consolidated profit after tax at Rs 157 crore, down 18.5% as compared to Rs 192.6 crore in a year ago period.

Consolidated net sales jumped 18.4% to Rs 3,231 crore from Rs 2,729 crore year-on-year.

Analysts on average had expected net profit at Rs 150 crore and net sales at Rs 3,314 crore.

Operating profit margin improved at 11% during the January-March quarter versus 10% in the corresponding quarter of last fiscal.

Source: www.moneycontrol.com

Thanks,

Gaurav Agarwal

Head Dealer

DENIP Consultants Pvt Ltd