Apollo Tyres Ltd's board of directors has approved the company's unaudited consolidated financial results for the second quarter, covering July to September, and for the first half of the 2026-27 financial year, covering April to September. The results show double-digit revenue growth, and the same board meeting also approved a change in the company's chief financial officer.
Second-quarter performance
For the quarter ended September 30, 2026, revenue from operations rose 17% to Rs 7,968 crores, compared with Rs 6,831 crores in the same quarter of the previous financial year. Operating profit was Rs 855 crores. Net profit increased 13% to Rs 292 crores, up from Rs 258 crores a year earlier. The company said this figure includes an estimated pre-tax restructuring cost of Rs 26 crores, which was disclosed as an exceptional item.
First-half performance
For the six months from April to September, revenue from operations reached Rs 15,366 crores, an increase of 15% over Rs 13,392 crores in the same period last year. Operating profit for the half year was Rs 1,723 crores, and net profit was Rs 641 crores, compared with Rs 271 crores in the prior-year period. As with the quarterly result, the half-year net profit includes the estimated Rs 26 crores pre-tax restructuring cost disclosed as an exceptional item.
Apollo said its Indian operations extended their revenue growth momentum into the second quarter, which the company presented as reflecting the effectiveness of its growth initiatives.
Chairman's comments on demand and costs
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 external pressure, saying geopolitical tensions in West Asia remain a headwind, resulting in elevated input costs and supply chain disruptions. The statement identifies these as prevailing conditions rather than quantifying their financial effect.
Finance leadership change
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 spanning 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 as 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.