Apollo Tyres Ltd reported consolidated revenue from operations of Rs 7,968 crores for the quarter ended September 30, 2026, an increase of 17% from Rs 6,831 crores in the same quarter of the previous fiscal. The board approved the unaudited financial results for the second quarter and the first half of FY2026-27, and also approved Ravi Kumar Shingari as chief financial officer effective November 4, 2026.
Operating profit for the quarter was Rs 855 crores. Net profit rose 13% to Rs 292 crores from Rs 258 crores in the same period last fiscal. The quarterly net profit included an estimated pre-tax restructuring cost of Rs 26 crores, disclosed as an exceptional item. Apollo said its Indian operations carried strong revenue growth momentum into the second quarter, reflecting the effectiveness of its growth initiatives.
First-half results
For the six months from April to September 2026, consolidated revenue from operations was Rs 15,366 crores, up 15% from Rs 13,392 crores in the first half of FY2025-26. Operating profit for the half-year was Rs 1,723 crores. Net profit was Rs 641 crores, compared with Rs 271 crores in the same period a year earlier. The half-year net profit also included the estimated Rs 26 crore pre-tax restructuring cost as an exceptional item.
Apollo presented the figures on a consolidated basis. Its Indian operations were highlighted for revenue momentum, while the company's comments linked growth in India to rural expansion, a strategic association with cricket and new commercial vehicle products. The results summary also flagged West Asia geopolitical tensions as a pressure point on input costs and supply chains.
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 Shingari's appointment as CFO 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. Before joining Apollo, 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 in commerce (B.Com Hons) from Shri Ram College of Commerce, Delhi University. In the CFO role, he will report directly to Neeraj Kanwar, vice chairman and managing director.