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Apollo financials

Apollo’s 4Q Sales Are Up While Income Drops

Apollo Tyres Ltd. posted net income of 2.3 billion rupees on net sales of 32.7 billion rupees for its fourth quarter ended March 31, 2017. That compares to income of 2.5 billion rupees on net sales of 29.7 billion rupees for the year-ago quarter.

Apollo Prepares for Rising Raw Material Costs

Apollo Tyres Ltd. posted net profit of nearly 3 billion rupees on net sales of 34.3 billion rupees for its third quarter ended Dec. 31, 2016. That compares to profit of 2.8 billion rupees on sales of 29.3 billion rupees for the third quarter of Apollo's 2015-2016 fiscal year.

Confident Kanwar Lays Out Apollo's Strategy

In his speech to Apollo Tyres Ltd.'s shareholders at the 43rd Annual General Meeting, Chairman Ankar S Kanwar said the company is financially secure heading into the future. That includes selling tires online.