Apollo Tyres’ Q2 net profit down 45.9% y/y to USD21.3 million

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Financial results

Revenue up 4.3% y/y

Apollo Tyres has reported a 46% year-on-year (y/y) decline in its net profit to INR1.4 billion (USD21.3 million as on 30 September 2017) for the second quarter ended 30 September 2017, according to a company press release.

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