Apollo Tyres Ltd’s board of directors has approved unaudited financial results for the second quarter, covering July to September, and for the first half, covering April to September, of the 2026–27 financial year. The company reported double-digit revenue growth on a consolidated basis and announced a change in its finance leadership.
Second-quarter results
For the quarter ended September 30, 2026, consolidated revenue from operations rose 17% to Rs 7,968 crores from Rs 6,831 crores in the same period of the previous fiscal year. Operating profit was Rs 855 crores. Net profit increased 13% to Rs 292 crores from Rs 258 crores a year earlier. The result included an estimated pre-tax restructuring cost of Rs 26 crores, which the company disclosed as an exceptional item.
First-half performance
For the six months from April to September 2026, consolidated revenue from operations increased 15% to Rs 15,366 crores from Rs 13,392 crores in the corresponding period of the previous fiscal year. Operating profit for the half year was Rs 1,723 crores. Net profit was Rs 641 crores, compared with Rs 271 crores a year earlier. The same estimated pre-tax restructuring cost of Rs 26 crores was included as an exceptional item.
The company said its Indian Operations carried 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 added that new product launches in the commercial vehicle segment in India 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 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, and has held responsibilities in budgeting, accounts and investor relations. More recently, he was given additional responsibility for legal affairs.
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.
As CFO, Shingari will report directly to Neeraj Kanwar, vice chairman and managing director. The appointment was approved by the board.
The results were approved by the board along with the finance leadership change. The company presented the figures on a consolidated basis for the quarter and the six-month period.