Apollo Tyres has reported results for first quarter ended June 30, 2015.
The company has reported 63.32% rise in its net profit at Rs 227.10 crore for the quarter ended June 30, 2015 as compared to Rs 139.05 crore for the same quarter in the previous year. However, the company’s total income has decreased by 7.44% to Rs 2155.01 crore for the quarter under review from Rs 2328.22 crore for the corresponding quarter of the previous year.
On the consolidated basis, the company has reported 27.49% rise in its net profit after taxes, Minority Interest and Share of Profit/(Loss) of Associates of Rs 290.59 crore for the quarter ended June 30, 2015 as compared to Rs 227.94 crore for the same quarter in the previous year. However, total income of the company has decreased by 12.17% at Rs 2870.78 crore for quarter under review as compared to Rs 3268.67 crore for the quarter ended June 30, 2014.
