10.5.12
Wheelsology
The Board of Directors of Apollo Tyres Ltd. approved the company’s audited financial results for the 4th quarter (January to March) and the financial year 2011-12. The Board recommended a dividend payout of 50 per cent, to be approved by the shareholders at the forthcoming
Annual General Meeting, later in the year.
Consolidated annual revenues, across operations in Asia, Africa and Europe, grew 37 per cent to reach Rs. 121.5-billion (US$ 2.5-billion or Rs. 12,153 crores). Indian Operations’ revenue grew 49 per cent this year as compared to previous year; Europe saw a growth of 27 per cent, while African Operations’ also witnessed a 10 per cent growth, despite challenging local circumstances.
Consolidated Annual Performance Highlights - FY 2011-12 (April-March) vs FY 2010-11
> Net sales surged by 37 per cent to Rs. 121.5-billion from Rs. 88.7-billion
> Operating profit grew 18 per cent to reach Rs. 12-billion from Rs. 10.2-billion
> Net profit stood at Rs. 4.1-billion from Rs. 4.4-billion in the previous year
“Despite the challenging circumstances, we have crossed yet another milestone of US$ 2.5-billion in the year 2011-12. The conditions in our largest market - India, have not been easy. Same applies for the South African economy. But the positives are many - primarily expansion of our passenger vehicle range and the launch of 3 ultra high performance tyres in Europe. In the critical truck and bus radial segment, we now enjoy a leadership position in India, and are poised for higher growth. The stability in the raw material prices, especially in the 2nd half of the fiscal, has eased some pressure on our margins,” said Onkar S. Kanwar, Chairman, Apollo Tyres Ltd.
Quarter 4 Consolidated Performance Highlights - Q4 FY 2011-12 (January-March) vs Q4 FY 2010-11
> Net sales rose up by 18.4 per cent to Rs. 32.3-billion from Rs. 27.3-billion
> Operating profit grew 10.4 per cent to Rs. 3.87-billion from Rs. 3.5-billion
> Net profit stood at Rs. 1.57-billion from Rs. 1.9-billion in the same quarter the previous year
“We are in a growth and planning mode across our operations, where we are working towards faster market expansion outside India; and are therefore, seeking ways to fulfill this higher demand with additional capacities,” added Onkar S. Kanwar.
Annual General Meeting, later in the year.
Consolidated annual revenues, across operations in Asia, Africa and Europe, grew 37 per cent to reach Rs. 121.5-billion (US$ 2.5-billion or Rs. 12,153 crores). Indian Operations’ revenue grew 49 per cent this year as compared to previous year; Europe saw a growth of 27 per cent, while African Operations’ also witnessed a 10 per cent growth, despite challenging local circumstances.
Consolidated Annual Performance Highlights - FY 2011-12 (April-March) vs FY 2010-11
> Net sales surged by 37 per cent to Rs. 121.5-billion from Rs. 88.7-billion
> Operating profit grew 18 per cent to reach Rs. 12-billion from Rs. 10.2-billion
> Net profit stood at Rs. 4.1-billion from Rs. 4.4-billion in the previous year
“Despite the challenging circumstances, we have crossed yet another milestone of US$ 2.5-billion in the year 2011-12. The conditions in our largest market - India, have not been easy. Same applies for the South African economy. But the positives are many - primarily expansion of our passenger vehicle range and the launch of 3 ultra high performance tyres in Europe. In the critical truck and bus radial segment, we now enjoy a leadership position in India, and are poised for higher growth. The stability in the raw material prices, especially in the 2nd half of the fiscal, has eased some pressure on our margins,” said Onkar S. Kanwar, Chairman, Apollo Tyres Ltd.
Quarter 4 Consolidated Performance Highlights - Q4 FY 2011-12 (January-March) vs Q4 FY 2010-11
> Net sales rose up by 18.4 per cent to Rs. 32.3-billion from Rs. 27.3-billion
> Operating profit grew 10.4 per cent to Rs. 3.87-billion from Rs. 3.5-billion
> Net profit stood at Rs. 1.57-billion from Rs. 1.9-billion in the same quarter the previous year
“We are in a growth and planning mode across our operations, where we are working towards faster market expansion outside India; and are therefore, seeking ways to fulfill this higher demand with additional capacities,” added Onkar S. Kanwar.
Posted in: Accessories,Apollo Tyres Ltd.,India,Onkar S. Kanwar,Sale Report,Tyres
%2BUK%2Bwinner%2B2014.jpg)
0 comments:
Post a Comment