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Apollo Tyre revenue up amid gradual recovery
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Apollo Tyres turned ₹68 crore profit in Q1
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Apollo Tyres Q1 net profit down 56% sequentially - The Hindu BusinessLine
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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.
Apollo photo
ATLANTA It begs the question: With all the emphasis and resources that Apollo Tyres Ltd. is expending on the North American market, could a greenfield plant here be its next big project?
After all, it would seem logical, given its push not only in the passenger tire market, with its recent relaunch of the Vredestein brand, but also with its launch of Apollo-branded commercial tires.
The short answer: No.
But the more intriguing answer? Give it three to five years, and that answer could change.
After investing upwards of $20 million into its North American product design and launch, the Indian tire maker must settle our assets, as we have been investing and investing and investing, Apollo Chairman and Managing Director Onkar Kanwar told