Apollo Tyres Ltd's board has approved unaudited consolidated results for the second quarter and first half of fiscal 2026-27, reporting double-digit revenue growth and higher net profit. The figures cover the quarter ended September 30, 2026, and the six months from April to September.
Second-quarter performance
Consolidated revenue from operations for July to September reached Rs 7,968 crores, up 17% from Rs 6,831 crores in the same quarter of the previous fiscal year. Operating profit was Rs 855 crores. Net profit increased 13% to Rs 292 crores from Rs 258 crores a year earlier. The company said this included an estimated pre-tax restructuring charge of Rs 26 crores, disclosed as an exceptional item.
First-half results
For April to September, revenue from operations rose 15% to Rs 15,366 crores from Rs 13,392 crores in the corresponding period of fiscal 2025-26. Operating profit for the half year was Rs 1,723 crores. Net profit was Rs 641 crores, compared with Rs 271 crores a year earlier, more than doubling. The half-year figure also included the estimated pre-tax restructuring cost of Rs 26 crores that was shown as an exceptional item.
Apollo said its Indian Operations sustained strong revenue growth into the second quarter, which the company said reflected the effectiveness of its growth initiatives.
Management view
Chairman Onkar Kanwar attributed growth across categories in India to sustained rural expansion and the company's strategic association with cricket. He also said new commercial vehicle products launched in India had strengthened performance in the past quarter. Kanwar added that geopolitical tensions in West Asia remained a headwind, leading to elevated input costs and supply chain disruptions. The statement linked the Indian growth to rural expansion and cricket, while identifying new commercial vehicle products as a factor in the quarter's performance and describing West Asia tensions as a continuing external pressure.
CFO appointment
The board approved the appointment of Ravi Kumar Shingari as chief financial officer, effective November 4, 2026. Shingari joined Apollo Tyres in 2018 as group head of finance and has worked in budgeting, accounts and investor relations; more recently, he took on additional responsibility for legal matters. Before joining Apollo, he spent more than 16 years at KPMG, where his final role was partner for tax and regulatory services. He is a chartered accountant and holds a bachelor's degree in commerce (B.Com (Hons)) from Shri Ram College of Commerce, Delhi University. In the CFO role, he will report directly to Neeraj Kanwar, vice chairman and managing director.