Apollo Tyres Ltd reported consolidated revenue from operations of Rs 7,968 crores for the second quarter ended September 30, 2026, an increase of 17% from Rs 6,831 crores in the same period a year earlier, according to unaudited results approved by the company's board in Gurgaon, India.
Net profit for the quarter rose 13% to Rs 292 crores from Rs 258 crores, while operating profit came in at Rs 855 crores. The company said the quarterly profit includes an estimated pre-tax restructuring cost of Rs 26 crores, which was disclosed as an exceptional item.
First-half figures
For the six months from April to September, revenue from operations rose 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, and net profit reached Rs 641 crores, compared with Rs 271 crores a year earlier. The same estimated pre-tax restructuring charge of Rs 26 crores is reflected in the half-year result.
Apollo said its Indian operations carried the revenue growth momentum into the second quarter, which it linked to the effectiveness of its growth initiatives. The results were presented at consolidated level.
Chairman points to rural reach, cricket tie-up and CV launches
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 flagged external pressure, stating that geopolitical tensions in West Asia remain a headwind, resulting in elevated input costs and supply chain disruptions. The statement did not quantify the impact of those factors on costs or margins.
Finance chief named
The board 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 the tyre maker, 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, Shingari will report directly to Neeraj Kanwar, Vice Chairman and Managing Director.