Apollo Tyres on Tuesday reported a consolidated net profit of Rs 129.2 crore for the quarter ended September 30, 2009.
It had a net profit of Rs 15.1 crore in the same period last fiscal, Apollo Tyres said in a statement.
The company has completed the acquisition of Dutch tyre manufacturer Vredestein Banden BV during the quarter, which resulted into surge in its top line and bottom line, the Chief Financial Officer, Mr Sunam Sarkar, said, adding “numbers are not comparabl e with the corresponding fiscal last year’’.
It has reported sales of Rs 2,046.19 crore in the September quarter, against Rs 1,262.1 crore in the same period last fiscal.
Apollo Tyres, however, said going forward, total revenues in the current fiscal is expected to cross Rs 7,500 crore, which is 50 per cent higher than the previous fiscal’s Rs 5,000 crore. — PTI
The Hindu Business Line
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