Apollo Tyres Ltd’s board approved unaudited consolidated results for the second quarter and first half of fiscal 2026-27, reporting higher revenue and net profit than a year earlier. For the quarter ended September 30, 2026, revenue from operations was Rs 7,968 crores, up 17% from Rs 6,831 crores in the same quarter of fiscal 2025-26, an increase of Rs 1,137 crores. Operating profit was Rs 855 crores. Net profit rose 13% to Rs 292 crores from Rs 258 crores; the latest figure includes an estimated pre-tax restructuring cost of Rs 26 crores, disclosed as an exceptional item.
The company said Indian Operations carried strong revenue growth momentum into the second quarter, reflecting the effectiveness of its growth initiatives. The consolidated results cover July to September for the quarter and April to September for the half year.
First-half results
For the six months ended September 30, 2026, consolidated revenue reached Rs 15,366 crores, 15% higher than Rs 13,392 crores in the same period of the previous fiscal year, a rise of Rs 1,974 crores. Operating profit was Rs 1,723 crores. Net profit was Rs 641 crores, compared with Rs 271 crores a year earlier. The half-year net profit also includes the Rs 26 crores estimated pre-tax restructuring charge disclosed as an exceptional item. The quarterly and half-year net profit figures both include the same estimated pre-tax restructuring cost.
India growth and external pressures
Chairman Onkar Kanwar said growth across categories in India had been supported by the company’s sustained rural expansion efforts and its strategic association with cricket. He also said new product launches in India’s commercial vehicle segment had strengthened performance in the past quarter. At the same time, he identified geopolitical tensions in West Asia as a continuing headwind, leading to higher input costs and supply chain disruptions.
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 in 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 final role was partner, tax and regulatory. 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 his new role, he will report directly to Neeraj Kanwar, vice chairman and managing director. The CFO appointment takes effect after the reporting period.