Apollo Tyres Ltd reported consolidated revenue of Rs 7,968 crores for the second quarter of FY2026-27, the three months ended September 30, 2026, an increase of 17% from Rs 6,831 crores in the same period a year earlier. Net profit rose 13% to Rs 292 crores from Rs 258 crores. The company said the quarterly result included an estimated pre-tax restructuring cost of Rs 26 crores, disclosed as an exceptional item.
Operating profit for the quarter was Rs 855 crores. For the first half of the fiscal year, from April to September, consolidated revenue reached Rs 15,366 crores, up 15% from Rs 13,392 crores in the corresponding period of FY2025-26. First-half operating profit was Rs 1,723 crores, while net profit was Rs 641 crores, compared with Rs 271 crores a year earlier. The half-year figure also includes the estimated pre-tax restructuring cost of Rs 26 crores disclosed as an exceptional item.
Apollo said its Indian operations carried strong revenue growth momentum into the second quarter, reflecting the effectiveness of its growth initiatives. Chairman Onkar Kanwar 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 strengthened performance during the past quarter.
Kanwar also noted that geopolitical tensions in West Asia remain a headwind, resulting in elevated input costs and supply chain disruptions. The company did not provide further detail in the announcement on the scale or timing of those pressures.
Chief financial officer appointed
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, finance, and has held responsibilities across budgeting, accounts and investor relations. More recently, he was given additional responsibility for legal.
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 with 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.
Key figures
- Q2 revenue: Rs 7,968 crores, up 17% from Rs 6,831 crores.
- Q2 net profit: Rs 292 crores, up 13% from Rs 258 crores.
- H1 revenue: Rs 15,366 crores, up 15% from Rs 13,392 crores.
- H1 net profit: Rs 641 crores, compared with Rs 271 crores.
- Q2 operating profit: Rs 855 crores; H1 operating profit: Rs 1,723 crores.