Apollo Tyres shares decline over 2 pc after Q4 earnings

Shares of Apollo Tyres on Wednesday fell over 2 per cent after the firm reported a 7.36 per cent decline in its consolidated net profit for the fourth quarter ended March 2020.
Apollo Tyres shares decline over 2 pc after Q4 earnings
Published on: 

New Delhi

The stock declined 2.23 per cent to Rs 89.70 on BSE.

On NSE, it fell 2.23 per cent to Rs 89.75.

The company on Tuesday reported a 7.36 per cent decline in its consolidated net profit to Rs 77.8 crore for the fourth quarter ended March 31, 2020.

The company had posted a net profit of Rs 83.99 crore for the January-March period of 2018-19.

Total income of the company declined to Rs 3,607.74 crore for the fourth quarter as compared with Rs 4,322.24 crore in the same period of 2018-19, Apollo Tyres said.

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