Apollo Tyres Ltd reported consolidated revenue from operations of Rs 7,968 crores for the quarter ended September 30, 2026, an increase of 17% from Rs 6,831 crores in the same period of the previous fiscal year. The board approved the unaudited financial results for the second quarter and first half of FY2026-27, covering July to September and April to September respectively.
Operating profit for the quarter was Rs 855 crores. Net profit rose 13% to Rs 292 crores from Rs 258 crores a year earlier. The company said the quarterly result included an estimated pre-tax restructuring cost of Rs 26 crores, disclosed as an exceptional item.
For the six months from April to September 2026, consolidated revenue increased 15% to Rs 15,366 crores from Rs 13,392 crores in the same period a year earlier. Operating profit was Rs 1,723 crores, and net profit reached Rs 641 crores, compared with Rs 271 crores in the prior-year period. The half-year result also included the estimated Rs 26 crores pre-tax restructuring cost.
India growth momentum
Apollo Tyres said its Indian operations carried strong revenue growth momentum into the second quarter, reflecting the effectiveness of the company's growth initiatives. The company reports its results on a consolidated basis, with the Indian business forming part of the overall performance.
Chairman Onkar Kanwar said growth across categories in India had been supported by sustained rural expansion efforts and the company's 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 said geopolitical tensions in West Asia remained a headwind, resulting in elevated input costs and supply chain disruptions. The commentary linked those pressures to the region, while the company's overall revenue and profit still increased year on year.
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, 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 and holds a bachelor's degree in commerce, B.Com (H), from Shri Ram College of Commerce, Delhi University. As CFO, he will report directly to Neeraj Kanwar, vice chairman and managing director.