Apollo Tyres Ltd's board approved unaudited financial results for the second quarter and first half of the financial year 2026-27. The quarter ran from July to September 2026, and the half-year period covered April to September. The figures compare the latest periods with the corresponding periods of the previous fiscal year and are reported on a consolidated basis. Apollo Tyres is based in Gurgaon, India.
Consolidated revenue from operations for the quarter ended September 30, 2026 was Rs 7,968 crore, up 17% from Rs 6,831 crore in the same quarter last fiscal. Operating profit was Rs 855 crore. Net profit rose 13% to Rs 292 crore from Rs 258 crore a year earlier. The result included an estimated pre-tax restructuring cost of Rs 26 crore, disclosed as an exceptional item.
First-half results
For the six months from April to September 2026, consolidated revenue from operations increased 15% to Rs 15,366 crore from Rs 13,392 crore a year earlier. Operating profit was Rs 1,723 crore. Net profit was Rs 641 crore, compared with Rs 271 crore in the same period last fiscal. The half-year result also included the Rs 26 crore pre-tax restructuring cost as an exceptional item.
India growth and headwinds
Apollo said its Indian operations carried strong revenue growth momentum into the second quarter, reflecting what the company described as the effectiveness of its growth initiatives. Chairman Onkar Kanwar said growth across categories in India had been supported by sustained rural expansion and the company's strategic association with cricket. He added that new product launches in India's commercial vehicle segment had strengthened performance in the quarter.
Kanwar also said geopolitical tensions in West Asia remained a headwind. He said those conditions had resulted in elevated input costs and supply-chain disruptions.
CFO appointment
The board also 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. He has held responsibilities in budgeting, accounts and investor relations, and more recently was given additional responsibility for legal.
Prior to joining Apollo Tyres, Shingari worked at KPMG for more than 16 years. His last assignment at the firm 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 his new role, he will report directly to Neeraj Kanwar, vice chairman and managing director.