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Apollo Tyres consolidated net profit declines 7.31% in the March 2020 quarter

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Sales decline 14.97% to Rs 3551.22 crore

Net profit of Apollo Tyres declined 7.31% to Rs 77.86 crore in the quarter ended March 2020 as against Rs 84.00 crore during the previous quarter ended March 2019. Sales declined 14.97% to Rs 3551.22 crore in the quarter ended March 2020 as against Rs 4176.26 crore during the previous quarter ended March 2019.

For the full year,net profit declined 29.92% to Rs 476.40 crore in the year ended March 2020 as against Rs 679.84 crore during the previous year ended March 2019. Sales declined 6.81% to Rs 16096.49 crore in the year ended March 2020 as against Rs 17273.39 crore during the previous year ended March 2019.

ParticularsQuarter EndedYear EndedMar. 2020Mar. 2019% Var.Mar. 2020Mar. 2019% Var.Sales3551.224176.26 -15 16096.4917273.39 -7 OPM %13.3810.17 -11.9011.34 - PBDT381.41429.74 -11 1681.561900.80 -12 PBT67.74198.38 -66 543.441088.13 -50 NP77.8684.00 -7 476.40679.84 -30

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 20 2020. 08:01 IST
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