Apollo tyres Q4 net up 151 per cent at Rs 116 crore

Apollo tyres reported a 151 per cent increase in net profit for the quarter ended March 31, 2010, at Rs 116 crore against Rs 46.2 crore in the same quarter of 2008-09.

Apollo tyres reported a 151 per cent increase in net profit for the quarter ended March 31, 2010, at Rs 116 crore against Rs 46.2 crore in the same quarter of 2008-09.

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The improved performance was on the back of 18 per cent jump in net sales for the quarter at Rs 1.313 crore against Rs 1,111 crore in the 2008-09.

“This is an impressive performance by the company...each of our operations has ensured a comeback after a hard year,” said Onkar S Kanwar, Chairman, Apollo Tyres Ltd.