Apollo Tyres Q4 net rises to Rs 26.38 cr, dividend at Rs 4.50/share

Mumbai, May 5 (UNI) Apollo Tyres Ltd has posted a net profit of Rs 26.38 crore for the quarter ended March 31, as compared to Rs 20.28 crore for the quarter ended March 31 last year.

Announcing the results, the company said its total income (net of Excise) has increased from Rs 637.01 crore in Q4 FY 04-05 to Rs 746.17 crore for Q4 FY 05-06.

It has posted a net profit of Rs 78.17 crore for the year ended March 31 (FY 05-06) as compared to Rs 67.63 crore for the year ended March 31 (FY 04-05). Total Income (net of Excise) has increased from Rs 2,245.30 crore in FY 04-05 to Rs 2,626.70 crore for FY 05-06.

As per the consolidated results, the group has posted a net profit after minority interest of Rs 88.94 crore for the year ended March 31 (FY 05-06) as compared to Rs 61.78 crore for the year ended March 31 (FY 04-05). Total Income (net of Excise) rose from Rs 2,251.35 crore in FY 04-05 to Rs 2,632.05 crore for FY 05-06.

The Board of Directors has recommended dividend at Rs 4.50 per share amounting to Rs 17.25 crore for the year on Equity Shares of Rs 10 each.

UNI SN KU VKG1720