Apollo Tyres reports 49% rise in Q1 consolidated net profit
Apollo Tyres has reported results for first quarter ended June 30, 2022.
The company has reported a rise of 53.62% in its net profit at Rs 104.34 crore for the quarter under review as compared to Rs 67.92 crore for the same quarter in the previous year. Total income of the company increased by 37.06% at Rs 4,465.08 crore for Q1FY23 as compared Rs 3,257.76 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a rise of 49.21% in its net profit at Rs 190.68 crore for the quarter under review as compared to Rs 127.79 crore for the same quarter in the previous year. Total income of the company increased by 28.71% at Rs 5,952.61 crore for Q1FY23 as compared Rs 4,624.92 crore for the corresponding quarter previous year.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
