Apollo Tyres Ltd’s board has approved the company’s unaudited financial results for the second quarter and first half of fiscal 2026-27. The results cover the quarter ended September 30, 2026, and the six months from April to September. On a consolidated basis, second-quarter revenue from operations rose 17% year on year to Rs 7,968 crores from Rs 6,831 crores. The company said its Indian operations carried forward strong revenue growth momentum into the second quarter, reflecting the effectiveness of its growth initiatives.
Second-quarter operating profit was Rs 855 crores. Net profit increased 13% to Rs 292 crores from Rs 258 crores in the same period last fiscal. The quarterly 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 rose 15% to Rs 15,366 crores from Rs 13,392 crores a year earlier. Operating profit for the half year was Rs 1,723 crores. Net profit was Rs 641 crores, compared with Rs 271 crores in the same period last fiscal. The half-year result also included the estimated pre-tax restructuring cost of Rs 26 crores as an exceptional item. The same estimated pre-tax restructuring cost was included in both the quarterly and half-yearly results.
Chairman Onkar Kanwar said growth across categories in India had been supported by sustained rural expansion efforts and a strategic association with cricket. He added that new product launches in India’s commercial vehicle segment 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. His remarks covered both the drivers of growth in India and the external pressures facing the business.
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. In his new role, he will report directly to Neeraj Kanwar, vice chairman and managing director. The board approved the CFO appointment alongside the results.