The Board of Directors of Apollo Tyres Ltd approved the company’s audited financial results for the 4th quarter (January to March) and the financial year 2014-15. The Board recommended a dividend payout of 200%, to be approved by the shareholders at the forthcoming Annual General Meeting, later in the year.
Consolidated annual revenues, across operations closed at Rs 127 billion (or Rs 12,726 crores). During the same period the company reported a net profit of Rs 9.8 billion (Rs 978 crores). Net sales of the company for the 4th quarter closed at 31 billion (Rs 3,098 crores); net profit for Q4 grew 9% to reach Rs 3.1 billion (Rs 307 crores).
Here are the consolidated annual performance highlights:
FY2014-15 (April-March) vs FY2013-14
- Net sales stood at Rs 127 billion
- Operating profit reached Rs 19.8 billion from Rs 19.7 billion
- Net profit stood at Rs 9.8 billion as against Rs 10 billion in the previous year
Quarter 4 Consolidated Performance Highlights
Q4 FY2014-15 (January-March) vs Q4 FY2013-14
- Net sales closed at Rs 31 billion
- Operating profit grew 7% to Rs 5.1 billion from Rs 4.8 billion
- Net profit grew 9% to Rs 3.1 billion from Rs 2.8 billion in the same quarter the previous year