Gurgaon, India-based 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 in the same period last fiscal. The board approved the unaudited financial results for the quarter and for the first half of the 2026–27 financial year; the half-year period covers April to September. The unaudited figures were presented on a consolidated basis.
For the six months, consolidated revenue reached Rs 15,366 crores, an increase of 15% from Rs 13,392 crores a year earlier. Apollo Tyres said Indian operations carried strong revenue growth momentum into the second quarter, reflecting the effectiveness of its growth initiatives. The revenue comparison for the half year used the same six-month period a year earlier.
Quarterly performance
Operating profit for Q2 FY2026-27 was Rs 855 crores. Net profit rose 13% to Rs 292 crores from Rs 258 crores in the same period last fiscal. The result included an estimated pre-tax restructuring cost of Rs 26 crores, disclosed as an exceptional item. The net profit comparison used the prior-year quarter as the baseline.
First-half results
Operating profit for H1 FY2026-27 was Rs 1,723 crores. Net profit was Rs 641 crores, compared with Rs 271 crores in the same period last fiscal. The half-year result also included the estimated pre-tax restructuring cost of Rs 26 crores, disclosed as an exceptional item. The comparison used the April–September period of the previous fiscal year.
Management comment
Onkar Kanwar, chairman of Apollo Tyres, attributed growth across categories in India to sustained rural expansion efforts and the company’s strategic association with cricket. He said new product launches in India’s commercial vehicle segment strengthened performance in the past quarter. Kanwar also noted that geopolitical tensions in West Asia remain a headwind, leading to elevated input costs and supply-chain disruptions. His comments set the India growth drivers against external pressure on costs and supply chains.
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, he will report directly to Neeraj Kanwar, vice chairman and managing director.