Apollo Tyres Q2 net up about 18 per cent_Apollo Tyres Q2 net up about 18 per cent

Apollo Tyres Q2 net up about 18 per cent

May 29, 2024

NEW DELHI: Apollo Tyres today announced a 17.52% growth in consolidated revenue and net profit to Rs. 2,579.4 crore for the second quarter ended September 30, 2014-15, driven by growth in exports.

The company reported a net profit of Rs. 219.47 crore for the July-September quarter of 2013-14.

The company positively informed the BSE based on the filing that the net sales for the second quarter of the current fiscal were Rs. 3,300.64 lakhs, down 3.86% from Rs. 3,433.45 lakhs in the same period last year.

Onkarr S Kanwar, Chairman, Apollo Tyres Limited said, “18-24-24 After a month of planning and judicious implementation, we have increased our exports to India and with the increased demand for our products in the Middle East and ASEAN, we expect these exports to increase in the region as well.” He said. Volume.”

“Given the expected growth in exports and the expected recovery of the Indian commercial vehicle industry, our South India expansion projects in Chennai and Cochin are moving at full speed. Exports have grown by over 30% and are paying off with significant economic benefits. growth in the Indian business, the company said in a statement. Strong.

Apollo He said that because Steam was sold last fiscal year In some of its African operations, the company’s consolidated revenue levels in the second quarter were flat at half of the current fiscal year.

During the same period last year, the total expenditure was Rs 29,287.7 million and Rs 30,853.2 million.

In the first half of 2014-15, the company made a net profit of Rs 4,858 crore on net sales of Rs 65,360 crore.

In H1 2013-14, the company reported a net profit of Rs. 385.4 crore on net sales of Rs. 662.3 crore.

Apollo Tyres stock BSE closed 1.29% higher at Rs 236.05.

Recommended Suppliers

TDDCHEM SINGAPORE PTE.LTD（cnauto）

Retailer

CN Supplier

1 YRS

Main Products:

Titanium dioxide, pigments, fillers, alcohols

Established:

2024-09-13

Company Size:

10000

Contact Supplier

Geely Jiyue 01 Max

LEADING IDEAL L9

Shandong Tuduoduo Digital Technology Co., Ltd

Retailer

CN Supplier

1 YRS

Main Products:

Titanium dioxide, pigments, fillers, alcohols

Established:

2024-08-09

Company Size:

10000

Contact Supplier

Wheel excavator

chengdutuduoduo

Retailer

CN Supplier

1 YRS

Main Products:

Whole vehicle, used car

Established:

2024-08-01

Company Size:

10000

Contact Supplier

Great Wall Artillery 2.0T

Peugeot 301 1.6L

Radar RD6 Pure electricity

Nissan Qijun 2.5L

TDD (QINGDAO ) CROSS-BORDER E-COMMERCE CO.,LTD.

Retailer

CN Supplier

2 YRS

Main Products:

Auto parts、Rubber tyre、Finished car

Established:

2023-01-01

Company Size:

10000

Hebei Jianglun electromechanical Co., LTD

Retailer

CN Supplier

14 YRS

Main Products:

Production of car starter, generator, air conditioning compressor, auto parts remanufacturing, sales of the company's products, import and export business.

Established:

2011-11-07

Company Size:

500

Contact Supplier

Automobile starter

Shandong Xingyun New energy Automobile Co., LTD

Retailer

CN Supplier

1 YRS

Main Products:

New energy vehicle sales; Auto parts research and development; Auto parts and accessories manufacturing; Off-highway recreational vehicles and spare parts manufacturing; Off-highway recreational vehicles and spare parts sales; Electric car manufacturing;

Established:

2024-03-20

Company Size:

500

Contact Supplier

Lucky three-box car x60

Beijing Tianhao Shengshi trading Co., LTD

Retailer

CN Supplier

10 YRS

Main Products:

12/5000 Lubricating oil, import and export agent