Apollo Tyres Q4 net 30.07% | india | Hindustan Times
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Apollo Tyres Q4 net 30.07%

Apollo Tyres posted a 30.07 per cent increase in net profit of Rs 26.38 crore for the fourth quarter ended March 31.

india Updated: May 05, 2006 15:25 IST

Apollo Tyres Ltd on Friday posted a 30.07 per cent increase in net profit of Rs 26.38 crore for the fourth quarter ended March 31, 2006 as compared to Rs 20.28 crore for the quarter ended March 31, 2005.

The company's total income (net of excise) for the quarter ended March 31, 2006 grew 17.13 per cent to Rs 746.17 crore from Rs 637.01 crore for the corresponding period in 2004-05, the company informed the Bombay Stock Exchange.

The Board has recommended a dividend of Rs 4.50 on equity shares of Rs 10 each amounting to Rs 17.25 crore for the year ended March 31.

For the year ended March 31, 2006 the net profit stood at Rs 78.17 crore as compared to Rs 67.63 crore for the year ended March 31, 2005.

For 2005-06 the total income (net of excise) was Rs 2626.70 crore from Rs 2245.30 crore in 2004-05.

The Group's consolidated net profit after minority interest stood at Rs 88.94 crore for 2005-06 as against Rs 61.7 8 crore for the year ended March 31, 2005.

Total income (net of excise) of the group was Rs 2632.05 crore for 2005-06 as against Rs 2251.35 crore in 2004-05.

Apollo Tyre's shares were trading at Rs 318.65, down 2.51 per cent at the BSE.