Apollo Tyres Ltd’s board of directors approved the company’s unaudited financial results for the second quarter, covering July to September 2026, and for the first half of the financial year 2026-27. On a consolidated basis, revenue from operations for the quarter ended September 30, 2026, was Rs 7,968 crore, an increase of 17% from Rs 6,831 crore in the same period of the previous fiscal year. The board also approved a change in the company’s chief financial officer. The results cover the first two quarters of FY2026-27.
Operating profit for the quarter was Rs 855 crore. Net profit rose 13% to Rs 292 crore from Rs 258 crore a year earlier. Apollo Tyres said the quarterly net profit included an estimated pre-tax restructuring cost of Rs 26 crore, which was disclosed as an exceptional item.
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.
First-half performance
For the six months from April to September 2026, consolidated revenue from operations reached Rs 15,366 crore, up 15% from Rs 13,392 crore in the same period last fiscal year. Operating profit for the half-year was Rs 1,723 crore.
Net profit for H1 was Rs 641 crore, compared with Rs 271 crore a year earlier, more than doubling. Apollo Tyres said the half-year net profit also included the estimated pre-tax restructuring cost of Rs 26 crore disclosed as an exceptional item.
Management view
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 India’s commercial vehicle segment had strengthened performance during the past quarter. Kanwar also said geopolitical tensions in West Asia remained a headwind, resulting in elevated input costs and supply-chain disruptions.
CFO appointment
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, he 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 [B.Com(H)] in Commerce from Shri Ram College of Commerce, Delhi University.
As CFO, Shingari will report directly to Neeraj Kanwar, Vice Chairman and Managing Director.