Apollo Tyres Net Sales Grow 33 per cent in Q1 2006-07
Apollo Tyres Ltd’s un-audited financial results for the first quarter of the 2006-07 financial year show net sales grew over 33 per cent to 757.2 billion rupees from 568 billion rupees. The company also reported that a 20 per cent growth in unit volume was led by increased radial car and truck tyre sales. Post tax profits remained stable at 1.62 billion rupees. In the past quarter Apollo has raised selling prices by around 9 per cent across its range.