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Apollo Tyres Q2 net income drops 43% y/y to USD11.7 million

Sales down 6.3% y/y

India-based Apollo Tyres has reported a 43.7% year-on-year (y/y) drop in net profit to INR830.7 million (USD11.7 million) for the second quarter ended 30 September, according to a company regulatory filing on 5 November.

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