CHENNAI, India—Apollo Tyres Ltd. has reported growth in second quarter and half-year results, helped by a strong performance in Europe.
For the quarter ended Sept. 30, Apollo registered a revenue of $768 million (741 million euros), up 17 percent over the same period last year.
Both operating profit and net profit for the period grew 12 percent year-on-year, reaching $86.9 million and $23.2 million respectively.
For the first six months of the fiscal year started April 1, the company’s revenue closed at $1.45 billion, up 23 percent year-over-year.
Operating profit for the period was up 16 percent at $171.5 million, while net profit grew 28 percent to $46.5 million.
Apollo said both its Indian and European operations witnessed “a healthy revenue growth” in the second quarter.