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Apollo Tyres Q2 profit up 4 pc at Rs 146 crore

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Press Trust of India New Delhi
Last Updated : Nov 13 2018 | 3:35 PM IST

Apollo Tyres Tuesday reported 4.19 per cent increase in consolidated net profit at Rs 146 crore for the second quarter ended September 30.

The company had posted a net profit of Rs 140.17 crore in the same quarter last fiscal, Apollo Tyres said in a regulatory filing.

Total income during the reported quarter stood at Rs 4,269.68 crore. It was at Rs 3,496.3 crore in the year-ago period, it added.

"In a quarter, when our two plants were impacted by floods, we had to deal with transporters' strike in India, and the volatile raw material prices, our teams across geographies have performed remarkably well," Apollo Tyres Chairman Onkar S Kanwar said.

He further said:"We are looking forward to a similar growth momentum in the next few quarters as well."

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First Published: Nov 13 2018 | 3:35 PM IST

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