Apollo Tyres Ltd reported consolidated revenue of Rs 7,968 crores for the quarter ended September 30, 2026, an increase of 17% from Rs 6,831 crores in the same quarter of the previous fiscal year. The board approved the company’s unaudited financial results for the second quarter, covering July to September, and for the first half, covering April to September, of FY2026-27.
Operating profit for the quarter was Rs 855 crores. Net profit rose 13% to Rs 292 crores from Rs 258 crores in the same period last fiscal. The quarterly result included an estimated pre-tax restructuring cost of Rs 26 crores, which the company disclosed as an exceptional item.
For the six months ended September 30, revenue from operations increased 15% to Rs 15,366 crores from Rs 13,392 crores in the same period last fiscal. Operating profit was Rs 1,723 crores, while net profit reached Rs 641 crores, compared with Rs 271 crores a year earlier. The half-year figure also included the estimated pre-tax restructuring cost of Rs 26 crores.
Apollo Tyres said Indian Operations carried strong revenue growth momentum into the second quarter, reflecting the effectiveness of the company’s growth initiatives. The consolidated figures cover the company’s operations as a whole, while the board approved the results on an unaudited basis.
India growth and headwinds
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 pointed to external pressure. He said geopolitical tensions in West Asia remained a headwind, resulting in elevated input costs and supply-chain disruptions. The company’s statement did not quantify the impact of those conditions on the quarter or half-year results.
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.
Before joining Apollo Tyres, Shingari worked at KPMG for more than 16 years; his last assignment there 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.