The results of the second quarter of Apollo Tires will be launched today
NEW DELHI: Apollo Tires will announce its results for the quarter ending in September on Tuesday, November 5.
The seventh largest tire manufacturer in the world reported a consolidated net profit of Rs 142 crore for the first quarter, 44 percent year-on-year (YoY) compared to Rs 252 crore in the first quarter of last year. The company's revenues increased marginally with net sales of Rs 4,272 million in the first quarter. The revenue growth was due to the replacement segment, both in commercial and passenger vehicles.n On Monday, November 4, Apollo Tires shares closed at Rs 185.55 in NSE, while in BSE the script closed at Rs 185.65.