Apollo Tyres shares decline over 2 pc after Q4 earnings
Shares of Apollo Tyres on Wednesday fell over 2 per cent after the firm reported a 7.36 per cent decline in its consolidated net profit for the fourth quarter ended March 2020.
By : migrator
Update: 2020-05-20 08:00 GMT
New Delhi
The stock declined 2.23 per cent to Rs 89.70 on BSE.
On NSE, it fell 2.23 per cent to Rs 89.75.
The company on Tuesday reported a 7.36 per cent decline in its consolidated net profit to Rs 77.8 crore for the fourth quarter ended March 31, 2020.
The company had posted a net profit of Rs 83.99 crore for the January-March period of 2018-19.
Total income of the company declined to Rs 3,607.74 crore for the fourth quarter as compared with Rs 4,322.24 crore in the same period of 2018-19, Apollo Tyres said.
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