Apollo Tyres Ltd's board approved unaudited consolidated results for the second quarter and first half of fiscal 2026-27, reporting double-digit revenue growth and a change at the top of its finance function.
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 a year earlier. Operating profit was Rs 855 crore. Net profit increased 13% to Rs 292 crore from Rs 258 crore, including an estimated pre-tax restructuring cost of Rs 26 crore that was disclosed as an exceptional item.
First-half performance
For the six months from April to September, consolidated revenue reached Rs 15,366 crore, up 15% from Rs 13,392 crore. Operating profit for the half-year was Rs 1,723 crore, while net profit was Rs 641 crore, compared with Rs 271 crore in the same period last fiscal. The half-year result also included the Rs 26 crore pre-tax restructuring charge.
Apollo said its Indian operations carried strong revenue growth momentum into the second quarter, which it attributed to the effectiveness of its growth initiatives.
Chairman cites rural reach, cricket tie-up
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 India's commercial vehicle segment strengthened performance in the past quarter.
Kanwar also flagged external pressure, saying geopolitical tensions in West Asia remained a headwind and 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 took on 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 from Shri Ram College of Commerce, Delhi University.
As CFO, Shingari will report directly to Neeraj Kanwar, vice chairman and managing director.