Apollo Tyres disclosed a good increase in consolidated net profit for the quarter ended June 2015. During the quarter, the profit of the company rose 27.49% to Rs 2,905.95 million from Rs 2,279.43 million in the same quarter previous year.
Revenues for the quarter declined 12.06% to Rs 28,453.54 million, compared with Rs 32,355.39 million for the prior year period.
Operating margin for the quarter stood at 14.55 percent as compared to 10.02 percent for the previous year period. Operating income for the quarter was Rs 4,139.37 million, compared with Rs 3241.91 million in the previous year period.
Earnings per share for the quarter stood at Rs 5.71, registering 26.89% growth over previous year period.
| Quarterly Results - Consolidated (Rs in mn) |
| As at | Jun - 15 | Jun - 14 | %Change |
| Revenues | 28,453.54 | 32,355.39 | (12.06) |
| Net Profit | 2,905.95 | 2,279.43 | 27.49 |
| Diluted EPS | 5.71 | 4.50 | 26.89 |
Shares of the company declined Rs 18.9, or 9.04%, to trade at Rs 190.10. The total volume of shares traded was 1,400,761 at the BSE (2.06 p.m., Tuesday).
