Apollo Tyres Q4 net profit at Rs.42.719 crores, declares 45% dividend

Apollo Tyres Ltd has announced the results for the quarter & year ended March 31, 2007. The Unaudited results for the Quarter ended March 31, 2007: The Company has posted a net profit of Rs 427.19 million for the quarter ended March 31, 2007 as compared to Rs 263.80 million for the quarter ended March 31, 2006. Total Income (net of excise) has increased from Rs 7461.70 million for the quarter ended March 31, 2006 to Rs 9127.97 million for the quarter ended March 31, 2007.

The Audited results for the Year ended March 31, 2007: The Company has posted a net profit of Rs 1134.22 million for the year ended March 31, 2007 as compared to Rs 781.69 million for the year ended March 31, 2006. Total Income (net of excise) has increased from Rs 26267.02 million for the year ended March 31, 2006 to Rs 32952.99 million for the year ended March 31, 2007.

The Audited consolidated results for the Year ended March 31, 2007: The Group has posted a net profit after minority interest of Rs 1170.64 million for the year ended March 31, 2007 as compared to Rs 889.34 million for the year ended March 31, 2006. Total Income (net of excise) has increased from Rs 26320.51 million for the year ended March 31, 2006 to Rs 43149.26 million for the year ended March 31, 2007.

The Board of Directors of the Company at its meeting held on May 01, 2007, inter alia, has recommended the Interim Dividend @ Rs 4.5 per share amounting to Rs 208.81 Millions on Equity Shares of Rs 10 each as the Final dividend for the year.

Source : Equity Bulls

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