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:   
|
|

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

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 ...

Recommended for you

Quick Links

Market News

Nickel rises by 0.1% on Asian cues

Traders strengthened positions amid a firming Asian cues

Oil prices rise further in Asia

Expectations of a decline in US crude inventories and robust economic data from the eurozone helped prices

Markets remain rangebound; HUL up over 2%, Hindalco dips 1%

Investors are optimistic about a possible solution between Greece and its international creditors to avert a debt crisis

Pharma shares in focus; Aurobindo Pharma hits new high

JB Chemicals, Alembic Pharma, Aurobindo Pharma, Ipca Laboratories and Dishman Pharma were up 3%-11% each.

Infinite Computer gains on board approval for share buyback proposal

The stock spurted 5% at Rs 171 after the board approved the buyback of shares at a maximum price of Rs 220 per share from the open market ...

 

Back to Top