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Apollo Tyres surges on reporting 20% rise in Q1 consolidated net profit

08 Aug 2013 Evaluate

Apollo Tyres is currently trading at Rs. 61.40, up by 1.10 points or 1.82% from its previous closing of Rs. 60.30 on the BSE.

The scrip opened at Rs. 61.00 and has touched a high and low of Rs. 62.35 and Rs. 60.50 respectively. So far 1, 63,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 102.45 on 13-Sep-2012 and a 52 week low of Rs. 54.60 on 21-Jun-2013.

Last one week high and low of the scrip stood at Rs. 67.80 and Rs. 59.60 respectively. The current market cap of the company is Rs. 3,094 crore.

The promoters holding in the company stood at 43.37% while Institutions and Non-Institutions held 31.47% and 25.17% respectively.

On standalone basis, the company has posted a rise of 24.30% in its net profit at Rs 93.57 crore for the quarter ended June 30, 2013 as compared to Rs 75.28 crore for the same quarter in the previous year. Total income has increased marginally by 0.71% at Rs 2172.70 crore for quarter under review as compared to Rs 2157.34 crore for the quarter ended June 30, 2012.

On consolidated basis, the Group has posted a rise of 20.24% in its net profit after taxes, Minority Interest and Share of Profit / (loss) of Associates at Rs 165.95 crore for the quarter ended June 30, 2013 as compared to Rs 138.02 crore for the same quarter in the previous year. Total income has increased marginally by 0.83% at Rs 3200.94 crore for quarter under review as compared to Rs 3174.54 crore for the quarter ended June 30, 2012.

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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