Recently one of India’s largest banks ICICI has released its report showing the earnings in the first quarter (April – June 2018) and estimates for the Auto and Auto Ancillary segment.
The report shows the expectations about Apollo Tyre’s earnings. It says net profit will stood at INR 212.9 crore, up by 141.1 percent year-on-year basis and down by 14.9 percent on quarter on quarter basis.
According to ICICI Bank, net sales are expected to surge by 19.5 percent year on year basis (this is down by 2.7 percent quarter on quarter basis) to INR 3,921.7 crore.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to increase by 84.3 percent year on year basis (a decrease of 2.3 percent quarter on quarter basis) to INR 503.5 crore.
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Author: Ankit verma
My need for speed began at a very early age and I realised this as soon as I got my first bicycle at the age of 8. When all the other kids would break downhill I would pedal harder just to go faster and enjoy the thrill. Adding to my interest for speed, I grew engrossed in the working mechanics of two wheelers thanks to my father as he is a hydraulic mechanic and would take me along with him on his repair sessions. Eventually I became familiar with the tools and basic technical concepts of two wheelers.Super sport and sport tourers are more of my liking and the sparks to these flames were ignited the first time I experienced the maddening power of a Yamaha YZF R1. I was just 14 years old at the time and got to ride as a pillion with an older acquaintance. This one short ride influenced my every decision in terms of the bikes I want to own. As of today I’m 26 years old and a proud owner of a Yamaha Fz15 version 2.0 and a Kawasaki Ninja 650 2014 model having clocked a decent 30k Kms only while touring, waiting to clock 1000s more as riding makes me feel whole again after enduring the dismal routines of life.
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