Apollo Tyres Ltd's board approved unaudited consolidated financial results for the second quarter and first half of fiscal 2026-27, reporting higher revenue and net profit in both periods. The company's fiscal second quarter covers July to September, and the first half covers April to September.
For the quarter ended September 30, 2026, revenue from operations was Rs 7,968 crores, an increase of 17% from Rs 6,831 crores in the same quarter last fiscal. Operating profit 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.
First-half results
For the six months from April to September, revenue reached Rs 15,366 crores, up 15% from Rs 13,392 crores a year earlier. Operating profit was Rs 1,723 crores. Net profit was Rs 641 crores, compared with Rs 271 crores in the same period last fiscal; the result also included the estimated pre-tax restructuring cost of Rs 26 crores as an exceptional item.
The company said Indian Operations carried its strong revenue growth momentum into the second quarter, reflecting the effectiveness of its growth initiatives.
Chairman's comments
Chairman Onkar Kanwar said growth across categories in India had been supported by sustained rural expansion efforts and a strategic association with cricket. He also said new product launches in India's commercial vehicle segment had strengthened performance during the past quarter.
Kanwar said geopolitical tensions in West Asia remained a headwind, resulting in elevated input costs and supply-chain disruptions.
Together, the comments point to India-based demand initiatives as a growth driver and West Asia tensions as a cost and supply-chain constraint, without quantifying either factor.
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 across budgeting, accounts and investor relations. More recently, he was given additional responsibility for legal.
Before 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.
As CFO, Shingari will report directly to Neeraj Kanwar, vice chairman and managing director.
The quarterly revenue increase was larger in percentage terms than the 13% rise in reported net profit. The company's results statement identified the Rs 26 crore restructuring cost as an estimated pre-tax item, and the charge appeared in both the quarterly and half-yearly net profit figures.