{"id":7097,"date":"2018-11-16T17:11:10","date_gmt":"2018-11-16T11:41:10","guid":{"rendered":"https:\/\/www.tyremarket.com\/tyremantra\/?p=7097"},"modified":"2019-12-19T14:01:47","modified_gmt":"2019-12-19T08:31:47","slug":"apollo-tyres-2018-q2-report-increase-4-percent","status":"publish","type":"post","link":"https:\/\/www.tyremarket.com\/tyremantra\/apollo-tyres-2018-q2-report-increase-4-percent\/","title":{"rendered":"Apollo Tyres Registers An Increase Of Over 4% In 2018 Q2 Report"},"content":{"rendered":"<p><strong><a href=\"https:\/\/www.tyremarket.com\/12\/Car-Tyres\/Apollo\" target=\"_blank\" rel=\"noopener\">Apollo Tyres<\/a><\/strong>, the world\u2019s 11<sup>th<\/sup> largest manufacturer of tyres, has reported a growth of 4.28 percent in their consolidated net profit which stood at INR. 146 crore for the second quarter that ended on 30<sup>th<\/sup> September 2018. While during the same period last year, the tyre manufacturer had posted a consolidated net profit of INR. 140 crore.<\/p>\n<p>Apollo Tyres also registered a 22.4 percent growth in revenue in the current quarter under review from operations which stood at INR. 4,257.4 crore compared to INR. 3,476.7 crore in the same quarter last year. The company\u2019s Chairman, Onkar. S. Kanwar commented on the financial performance saying that in the second quarter they faced difficulties in the form of their two plants being impacted by the floods in Kerala, they also had to deal with the transporters\u2019 strike and bear the volatile raw material prices. But, the teams across various countries performed remarkably well. This has resulted in a positive end to the quarter.<\/p>\n<p>In terms of the standalone basis, the company\u2019s profit has surged and stood at INR. 146.8 crore during the quarter under review. In the previous year, during the same period it was INR. 127.6 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Apollo Tyres, the world\u2019s 11th largest manufacturer of tyres, has reported a growth of 4.28 percent in their consolidated net profit which stood at INR&#8230;.<\/p>\n","protected":false},"author":5,"featured_media":960,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[4],"tags":[333,4721],"class_list":["post-7097","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-apollo-tyres","tag-apollo-tyres-q2-profit-2018"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>Apollo Tyres Registers An Increase Of Over 4% In 2018 Q2 Report<\/title>\r\n<meta name=\"description\" content=\"Apollo Tyres, the world\u2019s 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