Apollo Tyres Ltd. consolidated net profit for the September quarter more than doubled from the year-earlier period to ₹474 crore.
Revenue from operations grew 5% to ₹6,280 crore, the leading tyre manufacturer said in a statement.
The result included one-time exceptional expenditure of ₹12 crore towards employee re-organisation exercise.
“We remain steadfast in our commitment to achieving profitable growth, aligned with our long-term vision. Our operations have experienced positive revenue growth, and we are witnessing encouraging signs, particularly from India, indicating further demand improvement in the future,” said Chairman Onkar Kanwar.