Apollo Tyres net dips

Apollo Tyres' third qua-rter net stood at Rs 98 cr, as against Rs 120 cr in the same quarter last year. However, the net sales increased by Rs 859 cr.

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Consolidated revenue for the quarter grew 36 per cent to reach a net Rs 3,228 crore as against Rs 2,369 crore during the corresponding previous quarter. Revenue growth was led by India operations with a 46 per cent increase, followed by South Africa with 28 per cent and Europe with 26 per cent, the company said.

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Onkar S Kanwar, chairman, said, "All three geographies have performed exceptionally well, amidst concerns over a slowdown throughout the last two quarters.

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