Shares of the company today ended 1.3% down at ₹289 on BSE Photo: MintNew Delhi: Apollo Tyres on Wednesday posted nearly three-fold rise in consolidated net profit at ₹251.84 crore for the June quarter, driven by robust sales across various markets including India and Europe. The company had reported a net profit of ₹88.3 crore during the same period of 2017-18. Net sales stood at ₹4,249.39 crore during the April-June period as compared with ₹3,512.98 crore in the same period of 2017-18, Apollo Tyres said in a statement. The company said its domestic business grew 32% to ₹3,021 crore during the quarter while the European operations’ revenue grew 22% to close at₹1,242 crore. Shares of the company today ended 1.3% down at ₹289 on BSE

Source: Mint August 01, 2018 11:26 UTC