Business Standard

Apollo Tyres skids post Q4 results

The stock declined almost 8% from intra-day high

Related News

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.

Read more on:   
|
|

Read More

Agri Min proposes Rs 170/quintal hike in paddy MSP

In view of rising farm input costs, the Agriculture Ministry has proposed a Rs 170 per quintal increase in the minimum support price (MSP) of paddy ...

Quick Links

 

Market News

India's steel production grows by 1.7% in August

Country's steel output growth was spectacular mainly due to higher production by major producers

DLF slumps on BNP Paribas downgrade

Stock down over 4.5% on a rating downgrade to "reduce" from "hold"

Soybean up 0.6% on short covering

Marketmen said the rise in soybean prices was mostly attributed to covering up of short positions by speculators and a firming trend in global ...

Bharti Shipyard jumps on sale of non-core asset

The company said, its lenders, under the CDR mechanism, have sold the wind mill business

Mentha oil up 0.5% on pick up in demand

Oil for delivery in October edged up by 0.43%

Back to Top