Apollo Tyres Ltd said its board approved unaudited financial results for the second quarter and first half of the financial year 2026-27, reporting higher consolidated revenue and net profit on a year-on-year basis. The quarter covered July to September, while the half-year period ran from April to September.
Second-quarter results
For the quarter ended September 30, 2026, consolidated revenue from operations rose 17% to Rs 7,968 crores from Rs 6,831 crores in the same period of the previous fiscal year. Operating profit was Rs 855 crores. Net profit increased 13% to Rs 292 crores from Rs 258 crores. The company said the quarterly net profit included an estimated pre-tax restructuring cost of Rs 26 crores, disclosed as an exceptional item.
Indian Operations carried forward strong revenue growth momentum into the second quarter, a performance Apollo Tyres linked to the effectiveness of its growth initiatives. The results were presented on a consolidated basis, covering the group’s operations.
First-half performance
For the six months from April to September, consolidated revenue from operations increased 15% to Rs 15,366 crores from Rs 13,392 crores a year earlier. Operating profit for the half-year was Rs 1,723 crores. Net profit was Rs 641 crores, compared with Rs 271 crores in the same period of the previous fiscal year. The half-year net profit also included the estimated pre-tax restructuring cost of Rs 26 crores, treated as an exceptional item.
Chairman’s comments
Onkar Kanwar, chairman of Apollo Tyres, said growth across categories in India had been supported by sustained rural expansion efforts and a strategic association with cricket. He added that new product launches in the commercial vehicle segment in India had strengthened performance during the past quarter.
Kanwar also said geopolitical tensions in West Asia remained a headwind, resulting in elevated input costs and supply chain disruptions. His comments set the company’s India growth drivers alongside external cost and supply pressures, without providing a numerical forecast.
CFO appointment
The board also approved the appointment of Ravi Kumar Shingari as chief financial officer, effective November 4, 2026. Shingari joined Apollo Tyres in 2018 as group head, finance, and has held responsibilities across budgeting, accounts and investor relations. More recently, he was given additional responsibility for legal matters.
Before joining Apollo Tyres, Shingari spent more than 16 years at KPMG, where his last assignment was partner, tax and regulatory. He is a chartered accountant and holds a bachelor’s degree in commerce, B.Com (H), from Shri Ram College of Commerce, Delhi University. In the CFO role, he will report directly to Neeraj Kanwar, vice chairman and managing director.