Apollo Tyres disclosed a fall of 7.15 per cent in consolidated net profit at Rs 260.03 crore for the 2nd quarter ended September. The company had clocked a net profit of Rs 280.07 crore in the same period a year ago, as per Apollo Tyres’ BSE filing. Its total income from operations went up 1.28 per cent to Rs 3,312.27 crore during the quarter under review as compared to Rs 3,270.39 crore in the same quarter last financial year.
Its total expenses were up 3.04 per cent to Rs 2,979.69 crore versus Rs 2,891.55 crore. In the first half of 2016-17, Apollo Tyres' consolidated net profit was up 1.80 per cent to Rs 574.73 crore as compared to Rs 564.56 crore in the year-ago period. Its net sales in the first half of the ongoing financial year rolled up 7.79 per cent at Rs 6,876.81 crore as against Rs 6,379.41 crore in the corresponding period last year.
On the other hand, in a separate filing, Apollo Tyres announced that its board in a meeting held today considered and approved the execution of memorandum of understanding with government of Andhra Pradesh for land acquisition towards company's future needs.
As the trading closed on 9th Nov, Apollo Tyres share price settled below 1 per cent at Rs.195.65. The stock opened at Rs. 182.55 as compared to its previous closing at Rs.197.55. The scrip touched the days high and low at Rs. 197.40 and Rs. 177.80.
As the trading closed on 9th Nov, Apollo Tyres share price settled below 1 per cent at Rs.195.65. The stock opened at Rs. 182.55 as compared to its previous closing at Rs.197.55. The scrip touched the days high and low at Rs. 197.40 and Rs. 177.80.
Apollo Tyres is analyzed by Dynamic Levels as the top 500 performing stocks for this quarter among the 1700 stocks which are listed on the NSE. Apollo Tyres is fundamentally strong and is safe for investment, as per Dynamic analysts.
In order to know about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a visit to Apollo Tyres share price history.
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