Apollo Tyres Q1 PAT up 4% at Rs 48.63 cr

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Apollo Tyres Q1 PAT up 4% at Rs 48.63 cr

Apollo Tyres has announced its Q1FY09 results. The company's Q1 net sales were up 23% at Rs 1075.86 crore versus Rs 874.15 crore.

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Apollo Tyres has announced its Q1FY09 results. The company's Q1 net sales were up 23% at Rs 1075.86 crore versus Rs 874.15 crore.

Its OPM was down at 10% versus 11%

Its PAT was up 4% at Rs 48.63 crore versus Rs 46.76 crore

It other Income down 83% at Rs 0.97 crore from Rs 5.77 crore

• Operating profit was up 9% at Rs 109.76 crore versus Rs 100.45 crore
• Interest cost down 6% at Rs 13.81 crore versus Rs 14.7 crore
• Employees cost up 15% at Rs 61.56 crore versus Rs 53.56 crore
• Depreciation up 12% at Rs 23.2 crore from Rs 20.7 crore