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Apollo Tyres reports over 3-fold rise in Q2 net profit

02 Nov 2012 Evaluate

Apollo Tyres has reported results for third quarter ended September 30, 2012.

The company has reported 240.69% rise in its net profit at Rs 75.19 crore for the quarter ended September 30, 2012 as compared to Rs 22.07 crore for the same quarter in the previous year. Total income of the company has increased by 24.52% at Rs 2291.33 crore for quarter under review as compared to Rs 1840.05 crore for the quarter ended September 30, 2011.

On consolidated basis, the company has posted 95.73% jump in its net profit at Rs 152.20 crore for the quarter ended September 30, 2012 as compared to Rs 77.76 crore for the same quarter in the previous year.  Total income of the company has increased by 17.75% at Rs 3388.79 crore for quarter under review as compared to Rs 2877.96 crore for the quarter ended September 30, 2011.

Peers
Company Name CMP
MRF 125528.60
Apollo Tyres 411.80
JK Tyres & Inds. 349.55
Ceat 3468.20
Balkrishna Inds. 2267.75
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