Skip to main content
Sister Publication Links
  • European Rubber Journal
  • Plastics News
  • Tire Business
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • Automotive
    • Tire
    • Non-Tire
    • Suppliers
    • Silicone
    • Online Exclusive
    • Latex
    • Technical Notebooks
    • Executive Action
    • Government/Legal
    • Opinion
    • Rubber Division IEC
    • ITEC
    • Blogs
    • Sustainability
    • Products
    • Wacky World of Rubber
  • War in Ukraine
  • Custom
    • Sponsored Content
    • White Papers
  • Resources
    • Directory
    • Classifieds & Mold Mart
  • Data
  • Events
    • RN Events
    • RN Livestreams/Webinars
    • Industry Events
    • Past Events
    • Rubber News M&A Live
    • 2022 Hose & Belt Manufacturers Conference
    • 2022 International Silicone Conference
    • 2022 International Tire Exhibition & Conference (ITEC)
  • Advertise
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
February 18, 2016 01:00 AM

Apollo reports growth through nine months

European Rubber Journal Report
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    GURGAON, India—Apollo Tyres Ltd. has posted a 27 percent growth in net profit for the first nine months of fiscal year 2016 at $122.8 million.

    “Despite our volumes going up, especially in India, we have reported flat revenues, as we have passed on the benefit of cooling raw material prices to our customers. This, in addition to the increasing import of cheap tires into the country, has impacted our revenues,” Apollo Chairman Onkar Kanwar said.

    Sales fell to $1.2 billion compared to $1.4 billion for the same period last year, while EBITDA increased by 5 percent to $230 million.

    Apollo's board of directors also approved the appointment of Padma Bhushan Shri Vinod Rai, former comptroller and auditor general of India, as additional director (independent), and Francesco Gori, ex-CEO of Pirelli Tyres and advisor for strategy, Apollo Tyres, and additional director (non-independent).

    Related Articles
    Apollo chairman calls for action on rising imports
    Apollo buys German tire distributor
    Alleged insider trader in Cooper-Apollo case settles with SEC
    Floods disrupt production at Apollo's plant
    Apollo launches two-wheeler line
    Ex-Goodyear exec to lead Apollo North America
    Apollo Tyres establishes Malaysia office
    Apollo looks to grow in North American market
    Kanwar: Europe, branding, retail key to future of Apollo
    Letter
    to the
    Editor

    Rubber News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].

    Most Popular
    1
    U.S. tire market continues to attract new players
    2
    Diversity focus, cultural shift needed to combat labor shortage
    3
    Stellantis ranked lowest in supplier relations study
    4
    Technical Notebook: Opportunities and threats for rubber products
    5
    Stakes high as global NR industry urgently seeks alternate supply
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Rubber News delivered straight to your inbox, free of charge.

    Subscribe Today

    Subscribe to Rubber News to get the best coverage and leading insights in the industry.

    SUBSCRIBE
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter

    MISSION

    To serve companies in the global rubber product industry by delivering news, industry insights, opinions and technical information.

    Contact Us

    2291 Riverfront Pkwy, Suite 1000
    Cuyahoga Falls,
    OH 44221

    Customer Service:
    877-320-1726

    Resources
    • About Us
    • Digital Edition
    • Staff
    • Advertise
    • Order Reprints
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Partner Sites
    • Tire Business
    • European Rubber Journal
    • Plastics News
    • Plastics News China
    • Urethanes Technology
    • Automotive News
    • Crain Brands
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • News
      • Automotive
      • Tire
      • Non-Tire
      • Suppliers
      • Silicone
      • Online Exclusive
      • Latex
      • Technical Notebooks
      • Executive Action
      • Government/Legal
      • Opinion
      • Rubber Division IEC
      • ITEC
      • Blogs
        • Products
        • Wacky World of Rubber
      • Sustainability
    • War in Ukraine
    • Custom
      • Sponsored Content
      • White Papers
    • Resources
      • Directory
      • Classifieds & Mold Mart
    • Data
    • Events
      • RN Events
        • 2022 Hose & Belt Manufacturers Conference
        • 2022 International Silicone Conference
        • 2022 International Tire Exhibition & Conference (ITEC)
      • RN Livestreams/Webinars
      • Industry Events
      • Past Events
      • Rubber News M&A Live
    • Advertise
    • DIGITAL EDITION