Apollo Tyres Q4 net jumps threefold yoy

Newswire

NEW DELHI, June 26 (Reuters) - India's Apollo Tyres Ltd, the industry's second-ranked firm, announced during market hours on Wednesday its January-March net profit vaulted more than four times from a year ago, boosting its shares. At 3:00 p.m. (0930 GMT) shares of the New Delhi-based tyre maker were up 5.2 percent at 121.60 rupees on the Bombay Stock Exchange, whose benchmark index was down nearly one percent. The New Delhi-based firm said in a statement fourth-quarter net profit rose to ...

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