Apollo Tyres Ltd, based in Gurgaon, India, has reported higher consolidated revenue and net profit for the second quarter and first half of fiscal 2026-27, after its board approved the unaudited results. The results cover the quarter from July to September and the first half from April to September. The board also approved a change in the company's finance leadership.
Second-quarter performance
For the quarter ended September 30, 2026, revenue from operations on a consolidated basis was Rs 7,968 crores, an increase of 17% from Rs 6,831 crores in the same quarter of fiscal 2025-26. Operating profit was Rs 855 crores. Net profit rose 13% to Rs 292 crores from Rs 258 crores a year earlier. Apollo said the net profit figure included an estimated pre-tax restructuring cost of Rs 26 crores, disclosed as an exceptional item.
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 same period last fiscal. Operating profit was Rs 1,723 crores. Net profit was Rs 641 crores, compared with Rs 271 crores a year earlier. The first-half net profit also included the estimated pre-tax restructuring cost of Rs 26 crores as an exceptional item. The restructuring cost was identified as an exceptional item in both the quarterly and half-yearly results.
Apollo said its Indian Operations carried forward strong revenue growth momentum into the second quarter, reflecting the effectiveness of its growth initiatives. The company reported the figures on a consolidated basis.
Chairman's comments
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 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 approved the appointment of Ravi Kumar Shingari as chief financial officer, effective November 4, 2026, alongside the results. 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 with a bachelor's degree in commerce, B.Com (H), from Shri Ram College of Commerce, Delhi University. In the CFO role, he will report directly to Neeraj Kanwar, vice chairman and managing director.