Apollo Tyres Limited shares rose over 7% to ₹508 in morning trade on May 16, despite a 14% year-on-year decline in net profit to ₹354 Crore, in the March quarter.
At the time of writing, shares were trading at ₹489.25, up 3.20% from the previous close. The stock has gained 33.71% over the past year and 7.94% since the beginning of the year.
For the full financial year, consolidated net profit was ₹1,722 Crore, a 65% increase from ₹1,046 Crore in the previous year. Consolidated revenue from operations grew by 3%, reaching ₹25,378 Crore compared to ₹24,568 Crore in FY23.
The company’s board recommended a dividend of ₹6 per equity share on a face value of ₹1 each.
For feedback and suggestions, write to us at editorial@iifl.com
For opening a demat account click on: https://www.indiainfoline.com/
For doing stock trading & investments, go to: https://ttweb.indiainfoline.com/trade/Login.aspx
For loans, go to: https://www.iifl.com/
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
Download The App Now
Follow us on
2024, IIFL Securities Ltd. All Rights Reserved
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.
