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Apollo Tyres reports consolidated net profit of Rs 128 crore in Q1

05 Aug 2021 Evaluate

Apollo Tyres has reported results for first quarter ended June 30, 2021.

The company has reported net profit at Rs 67.92 crore for the quarter under review as compared to net loss of Rs 53.64 crore for the same quarter in the previous year. Total income of the company increased by 82.23% at Rs 3,257.78 crore for Q1FY22 as compared Rs 1787.73 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net profit at Rs 127.79 crore for the quarter under review as compared to net loss of Rs 134.58 crore for the same quarter in the previous year. Total income of the company increased by 59.46% at Rs 4,624.92 crore for Q1FY22 as compared Rs 2,900.28 crore for the corresponding quarter previous year.

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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