Apollo Tyres Q2 net profit up 47.2% at Rs 78 cr

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Apollo Tyres Q2 net profit up 47.2% at Rs 78 cr

Apollo Tyres has reported a consolidated net profit of Rs 78 crore in the second quarter of FY12, a growth of 47.2% as compared to Rs 53 crore in the corresponding quarter of last fiscal.

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Apollo Tyres has reported a consolidated net profit of Rs 78 crore in the second quarter of FY12, a growth of 47.2% as compared to Rs 53 crore in the corresponding quarter of last fiscal.

Consolidated revenues jumped 47.38% to Rs 2,871 crore from Rs 1,948 crore during the same period.

In an interview with CNBC-TV18, the management said margins would improve next quarter. "Margins have bottomed out this quarter. Europe busines posted 43% growth this quarter," the company said.