Apollo Tyres Ltd’s Board of Directors approved the company’s unaudited financial results for the second quarter and first half of fiscal 2026-27. The results, covering the quarter from July to September and the six months from April to September, showed double-digit consolidated revenue growth. The board also approved a new chief financial officer alongside the 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 fiscal 2025-26. Operating profit was Rs 855 crores. Net profit increased 13% to Rs 292 crores from Rs 258 crores. 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 2026, revenue from operations increased 15% to Rs 15,366 crores from Rs 13,392 crores a year earlier. Operating profit was Rs 1,723 crores, and net profit was Rs 641 crores, compared with Rs 271 crores in the same period of fiscal 2025-26. The half-year figure also included the estimated Rs 26 crore pre-tax restructuring cost as an exceptional item.
Apollo said its Indian operations carried forward strong revenue growth momentum into the second quarter, reflecting what the company described as the effectiveness of its growth initiatives. The announcement did not provide further segment figures.
Chairman cites rural expansion and commercial vehicle launches
Chairman Onkar Kanwar said growth across categories in India had been supported by sustained rural expansion efforts and a strategic association with cricket. He also said new product launches in India’s commercial vehicle segment had strengthened performance in 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 did not quantify the 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 of finance and has held responsibilities in budgeting, accounts and investor relations; more recently he was given additional responsibility for legal.
Before joining Apollo, 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. In the CFO role, he will report directly to Neeraj Kanwar, vice chairman and managing director.