The tyre maker posted a 26.5% fall in consolidated net profit to Rs 350.21 crore for the year ended March 2021 (FY21) compared with Rs 476.40 crore posted in year ended March 2020 (FY20). Net sales rose 5.3% to Rs 16,954.61 crore in FY21 over FY20.

Meanwhile, the company recommended the final dividend of Rs 3.5 per equity share for FY21.

Apollo Tyres is an international tyre major with manufacturing units in India, the Netherlands and Hungary.

Shares of Apollo Tyres fell 1.18% at Rs 221.45 on Wednesday.