Live
- BJP MLA in MP alleges illegal tapping of aides’ phones
- Mumbai Police team in C'garh to probe death threat to Shah Rukh Khan
- Ten injured as bus hits truck in Tamil Nadu
- Challenging time for us: Trescothick after England’s ODI series loss to WI
- Apple iPhone 15 becomes best-selling smartphone globally in Q3 2024
- Harmanpreet Kaur sole Indian in 50-player shortlist for WBBL Team of the Decade
- Ideology may differ but there should be harmony while expressing opinions: Ajit Pawar
- Fast-moving wildfire in California forces thousands to flee
- South Korea seeks close communication with Trump for deeper economic ties
- Centre completes auction of 8 critical mineral blocks in big step to bolster self-reliance
Apollo Tyres Q4 net profit dips 14 pc
Apollo Tyres on Tuesday reported a 13.7 per cent decline in net profit at Rs 354 crore for the Jan-March quarter of 2023-24 compared with the corresponding figure of Rs 410.30 crore for the same period of the previous year.
New Delhi : Apollo Tyres on Tuesday reported a 13.7 per cent decline in net profit at Rs 354 crore for the Jan-March quarter of 2023-24 compared with the corresponding figure of Rs 410.30 crore for the same period of the previous year.
The Apollo Tyres board has “recommended a dividend of Rs 6 per equity share (i.e. 600 per cent) on the face value of Rs 1 each for FY24, subject to the approval of the shareholders at the ensuing AGM of the company, which shall be paid/ dispatched on or before 30 days from the conclusion of the AGM,” the company said in a stock exchange filing.
The tyre major posted revenue from operations at Rs 6258.20 crore, marginally up from Rs 6247.33 crore during the same period last year. The company’s EBITDA (earnings before interest, taxes, depreciation and amortization) stood at Rs 1028 crore, up 3 per cent year-on-year.
