Apollo Tyres has reported results for the fourth quarter and year ended March 31, 2019.
The company has reported a fall of 52.89% in its net profit at Rs 105.38 crore for the quarter ended March 31, 2019 as compared to Rs 223.68 crore for the same quarter in the previous year. However, total income of the company increased by 7.66% at Rs 3,107.19 crore for quarter under review as compared to Rs 2,886.00 crore for the quarter ended March 31, 2018.
On consolidated basis, the company has reported fall of 66.41% in its net profit at Rs 84.00 crore for the quarter ended March 31, 2019 as compared to Rs 250.11 crore for the corresponding quarter in the FY18. However, total consolidated income of the company rose 6.07% at Rs 4,322.24 crore for quarter under review as compared to Rs 4,075.05 crore for the same quarter ended previous year.
For the year ended March 31, 2019, the company has posted a fall of 4.87% in its net profit at Rs 592.11 crore as compared to Rs 622.39 crore for the previous year. However, total income of company increased 16.75% at Rs 12,465.24 crore for year under review as compared to Rs 10,676.44 crore for year ended March 31, 2018.
For the year ended March 31, 2019, on the consolidated basis, the company has posted fall of 6.08% in its net profit at Rs 679.84 crore as compared to Rs 723.88 crore for the previous year. However, total income of company increased by 16.17% at Rs 17,671.97 crore for year under review as compared to Rs 15,211.95 crore for year ended March 31, 2018.
