Apollo Tyres Ltd reported consolidated revenue of Rs 7,968 crores for the second quarter ended September 30, 2026, up 17% from Rs 6,831 crores a year earlier. The board of directors approved the unaudited financial results for the second quarter, July to September, and the first half, April to September, of the 2026-27 financial year.
Operating profit for the quarter was Rs 855 crores. Net profit rose 13% to Rs 292 crores from Rs 258 crores, including an estimated pre-tax restructuring cost of Rs 26 crores that was disclosed as an exceptional item.
For the six months from April to September, consolidated revenue increased 15% to Rs 15,366 crores from Rs 13,392 crores. Operating profit was Rs 1,723 crores, and net profit was Rs 641 crores, compared with Rs 271 crores in the same period a year earlier. The half-year result also included the estimated Rs 26 crore pre-tax restructuring cost.
The company said its Indian operations carried strong revenue growth momentum into the second quarter, reflecting the effect of its growth initiatives. Apollo Tyres linked that momentum to the effectiveness of those initiatives, while the chairman’s comments separated India’s category growth from external pressures.
Management view
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 added that new product launches in the commercial vehicle segment in India had strengthened performance during the past quarter.
Kanwar also pointed to geopolitical tensions in West Asia as a remaining headwind. He said these tensions had resulted in elevated input costs and supply chain disruptions for the company.
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 in 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.
In the CFO role, Shingari will report directly to Neeraj Kanwar, vice chairman and managing director, the company said.
The quarterly and half-year figures are presented on a consolidated basis. The Q2 net profit comparison includes the estimated pre-tax restructuring cost, and the H1 comparison includes the same item. The chairman’s comments distinguish between company-specific growth drivers in India and external cost and supply pressures.