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Apollo Tyres' Q1 consolidated net profit dips 44% to Rs 142 crore

The company's total income rose marginally to Rs 4,358.78 cr during April-June 2019 as compared with Rs 4,328.6 cr in the year-ago period

Apollo Tyres
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Apollo Tyres

Press Trust of India New Delhi
Apollo Tyres on Wednesday reported 43.77 per cent dip in consolidated net profit at Rs 141.6 crore for the June quarter of 2019-20.

The company had posted a net profit of Rs 251.84 crore for the same period of previous fiscal.

Total income rose marginally to Rs 4,358.78 crore during April-June 2019 as compared with Rs 4,328.6 crore in the year-ago period, Apollo Tyres said in a statement.

"While the demand from automakers remained subdued, there was growth in the replacement market segment," Apollo Tyres Chairman Onkar S Kanwar said.

"Moving ahead, I am hopeful of the markets recovering and the sales bouncing back

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First Published: Jul 31 2019 | 3:24 PM IST

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