Apollo Tyres posts rise in net profit at Rs 251.84 crore for June quarter
The company had reported a net profit of Rs 88.3 crore during the same period of 2017-18.
"All our operations have done well in the past quarter, and have reported a good set of numbers. This is a result of planning and investments in capacities, both in India and Europe, in addition to the increasing demand for our products with the OEMs, as well as, in the replacement market," Apollo Tyres Chairman Onkar S Kanwar said.
Going forward, the company's growth momentum will continue despite the challenges posed by the raw material cost push, transporters strike and the new loading norms for commercial vehicles in India, he added.
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