Apollo Tyres slides after Q3 PAT falls 50% YoY to Rs 224 cr

3 Feb 2022 , 10:58 AM

Consolidated profit before tax (PBT) tumbled 50.1% to Rs 306.87 crore in Q3 FY22 from Rs 615.27 crore in Q3 FY21.

On a standalone basis, net profit slumped 85.3% to Rs 49.19 crore on a 10.9% rise in net sales to Rs 3,791.70 crore in Q3 FY22 over Q3 FY21.

Apollo Tyres is an international tyre major with manufacturing units in India, the Netherlands and Hungary.

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