Apollo Tyres Ltd’s board has approved the company’s unaudited consolidated financial results for the second quarter and first half of fiscal 2026-27, reporting double-digit revenue growth in both periods and appointing a new chief financial officer.
For the quarter ended September 30, 2026, revenue from operations rose 17% to Rs 7,968 crore from Rs 6,831 crore in the same period of fiscal 2025-26. Operating profit was Rs 855 crore. Net profit increased 13% to Rs 292 crore from Rs 258 crore a year earlier. The result included an estimated pre-tax restructuring cost of Rs 26 crore, disclosed as an exceptional item.
For the six months from April to September 2026, revenue from operations increased 15% to Rs 15,366 crore from Rs 13,392 crore in the first half of the previous fiscal. Operating profit was Rs 1,723 crore, and net profit was Rs 641 crore, compared with Rs 271 crore a year earlier. The half-year result also included the estimated pre-tax restructuring cost of Rs 26 crore as an exceptional item.
Apollo said its Indian operations carried strong revenue growth momentum into the second quarter, which the company attributed to the effectiveness of its growth initiatives. The company reported the figures on a consolidated basis.
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 the commercial vehicle segment in India had strengthened performance during the past quarter.
Kanwar also pointed to geopolitical tensions in West Asia as a continuing headwind, saying they had resulted 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. 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 [B.Com(H)] in Commerce from Shri Ram College of Commerce, Delhi University.
As CFO, Shingari will report directly to Neeraj Kanwar, Vice Chairman and Managing Director.