Apollo posts 16% rise in Q3 2018 sales
INDIA, Feb. 5 -- Apollo Tyres Ltd posted 16% rise in sales to Rs46.55 billion for the third quarter of 2018 (October to December), as against Rs40.16 billion in the year-ago quarter. Net profit closed at Rs 1.98 billion, as compared to Rs 2.45 billion, while EBITDA increased 33% to close at Rs 16.09 billion, in comparison to Rs 12.09 billion.
The sales for the nine months (April to December) of FY19 was up 22.5% to close at Rs 130.97 billion, as against Rs 106.92 billion. Net profit reported was Rs 5.96 billion, up 26%, as against Rs 4.74 billion. EBITDA increased 33% to close at Rs 16.09 billion, in comparison to Rs 12.09 billion.
The company witnessed double-digit growths both in the Indian, as well as, in the European Operations in the 3...
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