Apollo Tyres skids post Q4 results

The stock declined almost 8% from intra-day high

Apollo Tyres has slipped 6% to Rs 79.65, declining over 8% from intra-day high level after reporting 18% year-on-year (y-o-y) drop in net profit at Rs 157 crore for the quarter ended March 2012, due to higher raw material and staff cost.

The operating profit margins declined marginally to 11.14% from 11.30% during the quarter under review. Net sales however, grew 18% at Rs 323 crore on y-o-y basis.

Meanwhile, the board of directors of India’s second-biggest tyre producer by tonnage has recommended final dividend @ Re. 0.50 per share, on equity shares of Re 1/- each for the year.

A combined 10.54 million shares have changed hands on the counter so far, against an average sub 3.7 million share that were traded daily in past ten trading days on the NSE and BSE.

image
Business Standard
177 22
Business Standard

Apollo Tyres skids post Q4 results

The stock declined almost 8% from intra-day high

SI Reporter  |  Mumbai 



Apollo Tyres has slipped 6% to Rs 79.65, declining over 8% from intra-day high level after reporting 18% year-on-year (y-o-y) drop in net profit at Rs 157 crore for the quarter ended March 2012, due to higher raw material and staff cost.

The operating profit margins declined marginally to 11.14% from 11.30% during the quarter under review. Net sales however, grew 18% at Rs 323 crore on y-o-y basis.

Meanwhile, the board of directors of India’s second-biggest tyre producer by tonnage has recommended final dividend @ Re. 0.50 per share, on equity shares of Re 1/- each for the year.

A combined 10.54 million shares have changed hands on the counter so far, against an average sub 3.7 million share that were traded daily in past ten trading days on the NSE and BSE.

RECOMMENDED FOR YOU

Apollo Tyres skids post Q4 results

The stock declined almost 8% from intra-day high

Apollo Tyres has slipped 6% to Rs 79.65, declining over 8% from intra-day high level after reporting 18% year-on-year (y-o-y) drop in net profit at Rs 157 crore for the quarter ended March 2012, due to higher raw material and staff cost.

Apollo Tyres has slipped 6% to Rs 79.65, declining over 8% from intra-day high level after reporting 18% year-on-year (y-o-y) drop in net profit at Rs 157 crore for the quarter ended March 2012, due to higher raw material and staff cost.

The operating profit margins declined marginally to 11.14% from 11.30% during the quarter under review. Net sales however, grew 18% at Rs 323 crore on y-o-y basis.

Meanwhile, the board of directors of India’s second-biggest tyre producer by tonnage has recommended final dividend @ Re. 0.50 per share, on equity shares of Re 1/- each for the year.

A combined 10.54 million shares have changed hands on the counter so far, against an average sub 3.7 million share that were traded daily in past ten trading days on the NSE and BSE.

image
Business Standard
177 22

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

More News

STOCK WATCH

Company Price() Chg(%)
Jindal Steel 80.35 14.79
Bajaj Fin. 9853.40 9.75
Amtek Auto 51.60 7.50
DCM Shriram 230.65 6.68
JP Power Ven. 6.57 6.14
> More on BSE Gainers
Company Price() Chg(%)
Jindal Steel 80.35 14.70
Bajaj Fin. 9848.35 9.63
Amtek Auto 51.60 7.50
DCM Shriram 230.55 7.16
Aditya Bir. Fas. 148.60 6.14
> More on NSE Gainers
Company Price() Chg(%)
Caplin Point Lab 1110.35 -8.60
Unitech 7.02 -8.47
Welspun India 100.50 -7.29
Navin Fluo.Intl. 2287.75 -7.28
GHCL 210.10 -6.75
> More on BSE Gainers
Company Price() Chg(%)
Caplin Point Lab 1109.95 -9.33
Unitech 7.00 -8.50
Welspun India 100.10 -7.36
Firstsour.Solu. 49.25 -6.81
Karur Vysya Bank 481.55 -5.39
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard