Thursday, May 23, 2024
spot_img

Apollo Tyres Q4 net profit dips 14 percent

Date:

Share post:

spot_img
spot_img

Shillong, May 14: Apollo Tyres on Tuesday reported a 13.7 per cent decline in net profit at Rs 354 crore for the Jan-March quarter of 2023-24 compared with the corresponding figure of Rs 410.30 crore for the same period of the previous year.

The Apollo Tyres board has “recommended a dividend of Rs 6 per equity share (i.e. 600 per cent) on the face value of Rs 1 each for FY24, subject to the approval of the shareholders at the ensuing AGM of the company, which shall be paid/ dispatched on or before 30 days from the conclusion of the AGM,” the company said in a stock exchange filing.

The tyre major posted revenue from operations at Rs 6258.20 crore, marginally up from Rs 6247.33 crore during the same period last year. The company’s EBITDA (earnings before interest, taxes, depreciation and amortization) stood at Rs 1028 crore, up 3 per cent year-on-year. (IANS)

spot_img
spot_img

Related articles

Chip giant Nvidia to design new AI chips every year: CEO

Shillong, May 23: Chip giant Nvidia, which reported more than $14 billion in profit for the quarter ended...

As he prepares for ‘Bhaiyya ji’ release, Manoj Bajpayee gorges on piping hot samosas in Lucknow

Shillong, May 23: Acclaimed Bollywood star Manoj Bajpayee was seen enjoying some piping hot samosas during his visit...

Prolonged sitting poses death risks akin to obesity and smoking: Doctor

Shillong, May 23: Does your occupation require you to sit for long hours? Beware, it may worsen your...

2 conmen held in UP for ‘digital arrest’ of victims

Shillong, May 23: Two men posing as officers of CBI, NIA, and Customs, who had conned a retired...