Apollo Tyres has declared quarter results for the period till 30 September 2009.

During the reporting quarter, company’s net profit on consolidated basis increased to Rs 129.2 crore.

In the like period last year, company’s net profit figure stood at Rs 15.1 crore.

The sources informed that the conglomerate has finalized the acquisition of Dutch tyre manufacturer Vredestein Banden BV during the said quarter, which resulted in increase in its top line and bottom line.

In the quarter under review, the company has registered sales of Rs 2,046.19 crore as compared to Rs 1,262.1 crore in the corresponding period last year.

Apollo Tyres representatives sated in a communiqué that company’s total revenue in the current year is likely to cross Rs 7,500 crore, which is 50% higher than the previous fiscal’s Rs 5,000 crore.