Apollo Tyres, one of the leading tyre manufacturers in India, witnessed a fall in share price on Monday after it announced a drop in consolidated net profit for the quarter ended December 2014. During the quarter, the profit of the company declined 45.49% to Rs 1,842.41 million from Rs 3,380.13 million in the same quarter last year.

Net sales for the quarter declined 13.66% to Rs 31,159.61 million, compared with Rs 36,089.39 million for the prior year period.

Shares of the company are trading at Rs 183.75, down Rs 29.65, or 13.89% at the Bombay Stock Exchange (BSE) on Monday at 10:09 a.m.

The scrip has touched an intra-day high of Rs 205 and low of Rs 182.60. The total volume of shares traded at the BSE is 657,440.