Apollo Tyres turned ₹68 crore profit in Q1
The Hindu
Apollo Tyres Ltd. has turned a standalone net profit of ₹68 crore for Q1 of FY22.The leading tyre manufacturer had reported a net loss of ₹54 crore in the year-earlier period due to COVID-19-led lockd
Apollo Tyres Ltd. has turned a standalone net profit of ₹68 crore for Q1 of FY22. The leading tyre manufacturer had reported a net loss of ₹54 crore in the year-earlier period due to COVID-19-led lockdown, it said in a statement. Revenue from operations rose 82% to ₹3,220 crore. The results included an exceptional item of ₹.76 lakh relating to employee reorganisation exercise.
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