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Apollo Tyres share rises 12% as Q3 net profit zooms over two-fold to Rs 444 cr

Apollo Tyres share rises 12% as Q3 net profit zooms over two-fold to Rs 444 cr
Apollo Tyres stock touched an intraday high of Rs 254.85, rising 12.12% on BSE
BusinessToday.In | February 4, 2021 | Updated 10:46 IST
Picture for representational purpose only. Apollo Tyres share stands higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages
Apollo Tyres share rose to a fresh 52-week high in early trade after the firm reported posted over two-fold increase in its consolidated net profit for quarter ended December 2020.
The stock opened with a gain of 4.84% at Rs 228.30 against previous close of Rs 227.30. The stock touched an intraday high of Rs 254.85, rising 12.12% on BSE. ....

Onkar Kanwar , Apollo Tyres , Tyres Chairman Onkar Kanwar , ஒன்கர் கன்வார் , அப்பல்லோ டயர்கள் , டயர்கள் தலைவர் ஒன்கர் கன்வார் ,

Apollo Tyres share price: Apollo Tyres shares zoom over 12% after encouraging Q3 earnings

NEW DELHI: Shares of
Apollo Tyres on Thursday jumped over 12 per cent after the company posted over two-fold increase in its consolidated net profit for the third quarter ended December. The company s stock zoomed 12.42 per cent to its one-year high of Rs 255.55 on the BSE.
At the NSE, it gained 12.42 per cent to 255.70 its one-year high.
Apollo Tyres on Wednesday posted over two-fold increase in its consolidated net profit at Rs 444 crore for the third quarter ended December on the back of robust sales across domestic and international markets.
The company had reported a net profit of Rs 174 crore in the October-December period of the last financial year. ....

Onkar Kanwar , Apollo Tyres , Tyres Chairman Onkar Kanwar , ஒன்கர் கன்வார் , அப்பல்லோ டயர்கள் , டயர்கள் தலைவர் ஒன்கர் கன்வார் ,

Apollo Tyres profit surges 155% to ₹444 cr.

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Apollo Tyres Ltd has reported a 155% increase in consolidated net profit for the third quarter ended December to ₹444 crore on improved demand from original equipment manufacturers and replacement segments.
Sales grew 14% to ₹4,965 crore and operating profit by 91% to ₹1,053 crore.
Sales for Indian operations grew 20%. In Europe, despite sluggish demand environment, the company continued to make inroads in the premium segment, the company said in a regulatory filing.
“The announcement on scrappage policy, is going to be a boost for us going forward,” said Onkar Kanwar, Chairman, Apollo Tyres.
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Apollo Tyres Q3 Net Profit Zooms Over Two-fold To Rs 444 Crore On Robust Sales

Apollo Tyres Q3 Net Profit Zooms Over Two-fold To Rs 444 Crore On Robust Sales
moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.

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Apollo Tyres Q3 net up 155% to ₹444 crore - The Hindu BusinessLine

Apollo Tyres Q3 net up 155% to ₹444 crore
February 03, 2021
Operating profit jumped by 91% to ₹1,053 crore
Apollo Tyres on Wednesday reported a consolidated net profit of ₹444 crore for the third quarter ended December 31, which is up 155 per cent as compared with ₹174 crore in the corresponding period previous year.
Revenue also grew 14 per cent year-on-year (YoY) at ₹4,965 crore (₹4,347 crore).
Operating profit jumped by 91 per cent YoY at ₹1,053 crore, in comparison to ₹551 crore in the same quarter previous year, the company said.
“Our performance across geographies, has been robust in the past quarter, and we continue to be extremely positive on the demand environment. Given our planned investments in capacity, R&D, brand and distribution, along with our cost optimisation programme, we are well placed to leverage demand recovery across segments and geographies,” Onkar Kanwar, Chairman, Apollo Tyres, said. ....

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