 "Apollo Tyres hits 26-months low on weak Q4 results")
Shares of Apollo Tyres hit a 26-month low of Rs 185 apiece, down 5 per cent intra-day on the BSE on Thursday, after the company reported a sharp decline of 66 per cent year on year (y-o-y) in consolidated net profit at Rs 84 crore for the quarter ended March 2019 (Q4FY19).
While the profit was dented due to higher expenditure and one-time loss of Rs 100 crore, the revenue from operations during the quarter grew 6 per cent at Rs 4,274 crore against Rs 4,034 crore in the corresponding quarter of previous fiscal.
The numbers, however, missed
While the profit was dented due to higher expenditure and one-time loss of Rs 100 crore, the revenue from operations during the quarter grew 6 per cent at Rs 4,274 crore against Rs 4,034 crore in the corresponding quarter of previous fiscal.
The numbers, however, missed
