Angel Broking has come out with its earning estimates on auto ancillary sector for the quarter ended March 2011. According to the research firm, Apollo Tyres March quarter net sales are expected to go down by 4.9% at Rs 1259 crore, year-on-year, (YoY) basis.
The company's net profit is expected to go down by 66.7% at Rs 34 crore on YoY basis.
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