Apollo Tyres Ltd reported consolidated revenue of Rs 7,968 crores for the second quarter ended September 30, 2026, up 17% from Rs 6,831 crores a year earlier, according to unaudited results approved by its board.
The company’s 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 result included an estimated pre-tax restructuring cost of Rs 26 crores, disclosed as an exceptional item.
First-half performance
For the six months from April to September, consolidated revenue was Rs 15,366 crores, an increase of 15% from Rs 13,392 crores in the first half of the previous fiscal. Operating profit for the half-year was Rs 1,723 crores, while 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.
Apollo said its Indian operations carried strong revenue growth momentum into the second quarter, reflecting the effectiveness of its growth initiatives. The company did not provide a separate breakdown of Indian operations in the results summary.
Management view
Chairman Onkar Kanwar attributed growth across categories in India to sustained rural expansion efforts and a strategic association with cricket. He also said new product launches in the commercial vehicle segment in India strengthened performance during the past quarter.
Kanwar identified geopolitical tensions in West Asia as a continuing headwind, saying they had resulted in elevated input costs and supply chain disruptions. The statement presents the chairman’s assessment; the results summary did not quantify the cost or supply-chain impact.
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 across budgeting, accounts and investor relations. More recently, he was given additional responsibility for legal.
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 announced alongside the quarterly and half-yearly results.