Apollo Tyres expected to report double-digit topline growth in Q4FY19

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Apollo Tyres expected to report double-digit topline growth in Q4FY19

C
CNBC-TV18

1 Views • May 09, 2019

Description

Apollo Tyres is expected to report a decent quarter with a double-digit growth on the topline of 10-12 growth. The company is expected to post a sequential improvement in margins at 11.6 to 12 percent versus 11.2 percent reported in last quarter on back of reduction in crude derivatives like synthetic rubber etc.