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Apollo Tyres faces twin speedbumps of rising costs, weak demand

The company does have a cushion, though, with high-margin segments growing their share and debt falling. ....

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Apollo Tyres Q4 profit jumps to ₹289 crore - The Hindu BusinessLine

Apollo Tyres Q4 profit jumps to ₹289 crore
May 12, 2021
Tyre markers’ revenue grows 39% to ₹5,026 crore
Country’s leading tyres manufacturer, Apollo Tyres on Wednesday reported a consolidated net profit of ₹289 crore (excluding exceptional item) for the fourth quarter ended March 31, a multi-fold jump as compared to ₹78 crore in the corresponding period last year.
Revenue from operations also grew 39 per cent to close at ₹5,026 crore during the quarter as compared to ₹3,616 crore in January-March quarter last year.
Final dividend
The board of directors has recommended a final dividend of ₹3.50 per equity share of face value of ₹1 each (350 per cent) for financial year 2021, subject to the approval of the shareholders at the ensuing Annual General Meeting, which would be paid/ dispatched on or before 30 days from the conclusion of AGM, the company said in a statement. ....

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