The board of directors of Apollo Tyres Ltd 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 the 2026-27 financial year. On a consolidated basis, revenue from operations for the quarter ended September 30, 2026, increased 17% to Rs 7,968 crores, compared with Rs 6,831 crores in the corresponding period a year earlier.
Consolidated operating profit for the quarter was Rs 855 crores. Net profit increased 13% to Rs 292 crores from Rs 258 crores. The quarter's net profit included an estimated pre-tax restructuring cost of Rs 26 crores, disclosed as an exceptional item.
First-half performance
For the six months from April to September, revenue from operations increased 15% to Rs 15,366 crores, compared with 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 net profit also included the estimated Rs 26 crores pre-tax restructuring cost.
The company said its Indian operations carried strong revenue growth momentum into the second quarter, reflecting what it described as the effectiveness of its growth initiatives.
Chairman cites India growth and West Asia pressure
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 quarter.
Kanwar also said geopolitical tensions in West Asia remained a headwind, resulting in elevated input costs and supply chain disruptions. He did not quantify the impact in the statement.
Board names new CFO
The board approved the appointment of Ravi Kumar Shingari as chief financial officer, effective November 4, 2026, alongside the results. 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 (Hons) from Shri Ram College of Commerce, Delhi University.
In the CFO role, Shingari will report directly to Neeraj Kanwar, vice chairman and managing director.