APOLLO TYRES HAD A GREAT QUARTER ENDING PERFORMANCE IN JUNE 2018.
Apollo tyres had ended the 1st quarter of this financial year with on a high note. With a 30 % growth in sales of Rs.4249 cores the profit stands at Rs.252 crore.
The revenues in India jumped by 32% to Rs 3021 crore, and sales in Europe were up 22% at Rs 1242 crore.
Mr.Onkar Kanwar, the Chairman of Apollo Tyres indicated that all their operations have done well in the past quarter and have reported a good set of numbers. This is a result of planning and investments in capacities, both in India and Europe, in addition to the increasing demand for Apollo’s products with OEMs, as well as, in the replacement segment market. Going forward, Apollo’s growth momentum is expected to continue despite the challenges posed by the raw material cost push, transporters strike and the new loading norms for commercial vehicles in India.
We at Tyre Times congratulate Apollo for this robust performance !!