The Board of Directors of Apollo Tyres Ltd today approved the company’s unaudited results for the 3rd quarter of the financial year 2013-14.
Apollo Tyres Ltd’s consolidated revenue for the 3rd quarter (October to December) grew 8% to reach Rs 34.75 billion (Rs 3475 crores). Net Sales for the nine months of 2013-14 grew 3% to reach Rs 10098 crores.
Quarter 3 Consolidated Performance Highlights FY2013-14 (October - December) vs Quarter 3 FY2012-13
9 months Consolidated Performance Highlights FY2013-14 (April – December) vs FY 2012-13 (April – December)
Commenting on the results, Onkar S Kanwar, Chairman, Apollo Tyres Ltd said, “Improved and expanded product range in key markets for the company has helped us in reporting incremental revenues for the 3rd quarter. I wouldlike to compliment my team for achieving excellent numbers amidst such challenging circumstances across geographies. This gives me confidence to invest in future growth for the company, decisions for which had been kept on hold for the past few months.”
Cross Currency Reference Chart for Key Financials:
Rs Billion |
US$ Million |
Euro Million |
||||
FY 2013-14 |
Q3 |
9 month (Apr–Dec) |
Q3 |
9 month (Apr–Dec) |
Q3 |
9 month (Apr–Dec) |
Net Sales |
34.75 |
100.99 |
561.22 |
1683.09 |
411.62 |
1264.05 |
Operating Profit |
6.19 |
14.94 |
100.71 |
248.93 |
74.33 |
186.95 |
Net Profit |
3.38 |
7.23 |
55.29 |
120.57 |
40.95 |
90.55 |