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Invest on correction.
Posted by :
Dr. ShastriApollo tyres is a good investment pic. Invest on correction....
when is 62 gona be achived?
Posted by :
amit.gargashi think it will take atlest 3-5 month...
when is 62+ gona be achived?
Posted by : SunnyDepp
despite phenomenal Q2 numbers this stock is not moving up as one would have expected. surprisingly it is still at 52!
i will be a lil patient and hold it for another quarter... lets see what`s in store ahead....
when is 62+ gona be achived?
Posted by : Guestwhen is 62+ gona be achived?...
wat is the price target for it now?
Posted by : vc4one
62 and above
...
wat is the price target for it now?
Posted by : Guestwat wil be the target for it now after the good resutls...
target for it?
Posted by : Guestwat is the the target for appolo in next 3 months?...
working results
Posted by : vkk43Thanks for your views on Apollo Tyres....
working results
Posted by : vkk43
Fresh investment may not be made but old investment can be retained in the scrip and even from the current level with this working, share can gain over a period.
Wishing you a Happy and Prosperous New Year.
Regards....
working results
Posted by : rvk41
Dear,
I hope now investing can be a long term hold
with regards
rvk41...
Apollo Tyres Q2 Numbers : Snapshot
Posted by : pms.swastika
Apollo Tyres Q2 Numbers : Snapshot
Apollo Tyres surprised the market on Tuesday with a sharp jump in its net profit during the second quarter. The tyre maker’s net profit jumped by 13 times to Rs 102 crore during September 2009 quarter compared to just Rs 7.8 crore a year ago.
Most of the upside in profitability came from lower expenses on raw materials, due to moderation in the rubber prices and petro-based chemicals — two of the industry’s key inputs. The company’s raw material cost was down 11% during the quarter despite higher sales volume as indicated by a 24% y-o-y growth in net sales. Raw materials now account for 58% of the company’s net sales, down from 80.6% a year ago.
The topline benefited from higher price realisation, as most tyre makes raised prices in the last quarter. This helped Apollo to triple its operating margin to 16.4% of net sales in the second quarter from 5% during the same quarter last year. The bottomline was also aided by a decline in interest cost that was down 21% y-o-y. This is due to the capitalisation of interest cost for the capex related to Chennai plant.
On a consolidated basis, the company has reported a net profit to Rs 129 crore as compared to Rs 15.1 crore in the corresponding period. Pursuant to the acquisition of Vredestein Banden, a Dutch tyre manufacturing company on May 15, 2009, the figures for the prior period are not comparable at the consolidated level.
It had increased prices by 3% in October this year, due to improved domestic demand. Further, it is banking on its upcoming greenfield unit in Chennai, which is scheduled to start commercial operations by the end of the current year.
Regards
Swastika PMS...
Outstanding results
Posted by :
VICThis will take the scrip into a new price zone. Diwali for Apollo investors begins now...
working results
Posted by : Stock_watcher
Yes, results are ecellent...
Apollo has a great story ahead!...
working results
Posted by : vkk43Company has declared its working results which are quite good. Share is looking good even at current market rate....
NSE Announcements on Apollo Tyres
Posted by : MMB MessengerApollo Tyres Ltd has informed the Exchange regarding the standalone Results for the half year ended on 30-SEP-2009 as follows: Net Sales of Rs. 240045.2 lacs for half year ending on 30-SEP-2009 against Rs. 205662.1 lacs for the half year ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 19678 lacs for the half year ending on 30-SEP-2009 against Rs. 5641.8 lacs for the half year ending on 30-SEP-2008....
