Apollo Tyres shines on reporting consolidated net profit of Rs 174 crore in Q2
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Apollo Tyres is currently trading at Rs. 219.25, up by 6.50 points or 3.06% from its previous closing of Rs. 212.75 on the BSE.
The scrip opened at Rs. 216.60 and has touched a high and low of Rs. 220.00 and Rs. 212.95 respectively. So far 123183 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 261.20 on 04-Mar-2021 and a 52 week low of Rs. 137.70 on 30-Oct-2020.
Last one week high and low of the scrip stood at Rs. 224.50 and Rs. 208.25 respectively. The current market cap of the company is Rs. 13899.18 crore.
The promoters holding in the company stood at 37.34%, while Institutions and Non-Institutions held 40.09% and 22.57% respectively.
Apollo Tyres has reported a fall of 58.54% in its net profit at Rs 89.65 crore for the quarter ended September 30, 2021 as compared to Rs 216.24 crore for the same quarter in the previous year. However, total income of the company increased by 25.20% at Rs 3,681.47 crore for Q2FY22 as compared Rs 2,940.57 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported net profit at Rs 173.82 crore for the quarter ended September 30, 2021 as compared against net loss of Rs 246.28 crore for the same quarter in the previous year. Total income of the company increased by 18.17% at Rs 5,106.21 crore for Q2FY22 as compared Rs 4,321.11 crore for the corresponding quarter previous year.
