Apollo Tyres disclosed a substantial rise in consolidated net profit for the quarter ended June 2014. During the quarter, the profit of the company rose 37.36% to Rs 2,279.43 million from Rs 1,659.47 million in the same quarter last year.
Net sales for the quarter rose marginally 1.81% to Rs 32,475.53 million, compared with Rs 31,899 million for the prior year period.
Earnings per share for the quarter stood at Rs 4.50, registering 36.78% growth over previous year period.
| Quarterly Results - (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 32,475.53 | 31,899.30 | 1.81 |
| Net Profit | 2,279.43 | 1,659.47 | 37.36 |
| Basic EPS | 4.50 | 3.29 | 36.78 |
Shares of the company declined Rs 3.25, or 1.75%, to trade at Rs 181.95. The total volume of shares traded was 646,628 at the BSE (1.33 p.m., Wednesday).
