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Shares of Apollo Tyres test April 2018 highs Q2 net shines

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Shares of Apollo Tyres test April 2018 highs Q2 net shines Apollo Tyres on Monday said its consolidated net profit increased by 11 percent to Rs 194 crore in the second quarter ended September, riding on the back of robust sales in domestic as well as international markets. The tyre major had reported a net profit of Rs 174 crore in the July-September period of the last fiscal. During the quarter under review, revenue from operations was up 17 percent to close at Rs 5,956 crore as against Rs 5,077 crore in the year-ago period, Apollo Tyres said in a statement. "We continued with our resolve towards profitable growth, despite the headwinds. Our cost control measures, and timely pricing actions, have helped maintain our profitability in a quarter where the raw material prices were at their peak," Apollo Tyres Chairman Onkar Kanwar said in a statement. Nand Motors is one of the best  Apollo Tyre Dealer in Noida . Our multi-brand establishment offers a vast range of Tires for Lux...
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Tyremakers brace for winter chill of the West

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  Tyremakers brace for winter chill of the West Geopolitical challenges and recessionary trends are threatening to upset tyre demand across Europe and the US, posing problems for the Indian tyre companies who depend on these developed markets to drive their margins. Ceat, Balkrishna Industries, Apollo Tyres, MRF and JK Tyres are the Indian brands that export tyres to the developed markets of the West, competing against heavyweights like Michelin, Bridgestone and Yokohama. The situation in Europe is challenging and this may have an effect on our performance in H2FY23. The demand pattern has been relatively better in North America, however, recession fears have impacted the growth rates. Looking at the current geopolitical challenges across the globe especially in Europe, which is also our biggest market, there are strong headwinds,”  Balkrishna Industries , one of India’s biggest exporters, said in its analyst presentation after the Q2 results. About half of the total volume of...
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