{"id":7760,"date":"2019-05-17T16:29:19","date_gmt":"2019-05-17T10:59:19","guid":{"rendered":"https:\/\/www.tyremarket.com\/tyremantra\/?p=7760"},"modified":"2019-05-17T16:29:19","modified_gmt":"2019-05-17T10:59:19","slug":"apollo-tyres-face-loss-66-41-percent-q4-2018-19","status":"publish","type":"post","link":"https:\/\/www.tyremarket.com\/tyremantra\/apollo-tyres-face-loss-66-41-percent-q4-2018-19\/","title":{"rendered":"Apollo Tyres Witnesses Loss Of 66.41% In Q4 2018-19"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-7761 size-full\" src=\"https:\/\/www.tyremarket.com\/tyremantra\/wp-content\/uploads\/2019\/05\/Apollo-Tyres-e1558073681651.jpg\" alt=\"Apollo Tyres Face Loss 66.41\" width=\"729\" height=\"410\" vspace=\"18\" \/><\/p>\n<p><span style=\"font-weight: 400;\">India\u2019s leading tyre maker, Apollo Tyres has recently registered a decrease of 66.41 percent in its consolidated net profit that stood at INR. 83.99 crore for the Q4 of 2018-2019. This is hit by INR. 100 crore write-offs related to Infrastructure Leasing &amp; Financial Services Limited (IL&amp;FS). The indigenous tyre maker has written off INR. 100 crore for the March quarter and the total of INR. 200 crore for the entire FY 18-19 on account of the IL&amp;FS issue. During the previous period, Apollo Tyres had posted a net profit of INR. 250.10 crore for the Q4 of 2017-2018.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The company in a statement said that sales stood at INR. 4,176.25 crore for the period under review, while during the same period last year it was INR. 3,982.43 crore. Sales during the last fiscal year stood at INR. 17,273.39 crore against INR. 14,928.95 crore in 2017-2018.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Apollo Tyres Chairman, Onkar. S. Kanwar in an official statement said, considering the headwinds, they have managed to get a healthy growth across the globe. Though the bottom line has been impacted in Q4, but it was due to the write-off for IL&amp;FS. Also, the increase in the price of the raw material by 10 percent in Q4 also impacted the performance of <a href=\"https:\/\/www.tyremarket.com\/Apollo-Car-Tyres\" target=\"_blank\" rel=\"noopener\">Apollo Tyres<\/a>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s leading tyre maker, Apollo Tyres has recently registered a decrease of 66.41 percent in its consolidated net profit that stood at INR. 83.99 crore&#8230;<\/p>\n","protected":false},"author":4,"featured_media":7761,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[4],"tags":[453,4931,4932,390],"class_list":["post-7760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-apollo-tyres-news","tag-apollo-tyres-profit-loss-2018-19","tag-tire-industry","tag-tyre-industry-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - 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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\u2019m 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.\",\"sameAs\":[\"http:\\\/\\\/tyremarket.com\"],\"url\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/author\\\/ankit_verma\\\/\"}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Apollo Tyres Witnesses Loss Of 66.41% In Q4 2018-19","description":"Tyre Industry News - India\u2019s leading tyre maker, Apollo Tyres has recently registered a decrease of 66.41 percent in its consolidated net profit...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.tyremarket.com\/tyremantra\/apollo-tyres-face-loss-66-41-percent-q4-2018-19\/","og_locale":"en_US","og_type":"article","og_title":"Apollo Tyres Witnesses Loss Of 66.41% In Q4 2018-19","og_description":"Tyre Industry News - 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