Apollo Tyres Q1 PAT seen up 68% at Rs 130 cr

NEW DELHI: Apollo Tyres Ltd will announce its quarterly results on Thursday. The company is expected to post a net profit of Rs 130 crore for the quarter ended June 2012, against a net profit of Rs 77 crore in the year-ago period, led by a fall in rubber prices, according to ET Now estimates.

Net sales are expected to have grown to Rs 3,350 crore, up 19 per cent YoY from Rs 2,822 crore.

Margins for the tyre maker are seen at 11 per cent as compared to 8 per cent in the year-ago period.

Things to watch out for:

Earnings led by lower rubber prices Margins expansion expected Industry-wide improvement in earnings Strong revival in non-India sales Higher capacities to aid sales growth