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BRIEF-Apollo Tyres March-qtr profit falls about 16 pct
May 5, 2017 / 11:21 AM / 5 months ago

BRIEF-Apollo Tyres March-qtr profit falls about 16 pct

May 5 (Reuters) - Apollo Tyres Ltd

* Recommended dividend of 3 rupees per share

* Seeks members’ nod for pvt placement of NCDs upto 15 billion rupees

* Consol March quarter net profit 2.28 billion rupees

* Consol March quarter total revenue 36.39 billion rupees

* Consensus forecast for March-quarter consol profit was 2.50 billion rupees

* Consol profit in March quarter last year was 2.72 billion rupees as per Ind-AS; consol total revenue was inr 32.89 billion Source text: (bit.ly/2qzFprG) Further company coverage:

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