Apollo Tyres Ltd's board has approved unaudited consolidated results for the second quarter and first half of the 2026-27 financial year, reporting double-digit revenue growth and a 13% rise in quarterly net profit. The board also approved Ravi Kumar Shingari as chief financial officer, effective November 4, 2026.
Quarterly performance
For the quarter ended September 30, 2026, revenue from operations rose 17% to Rs 7,968 crores from Rs 6,831 crores in the same period of the previous fiscal year. Operating profit was Rs 855 crores. Net profit increased 13% to Rs 292 crores from Rs 258 crores. The result includes an estimated pre-tax restructuring cost of Rs 26 crores, disclosed as an exceptional item.
First-half results
For the six months from April to September 2026, consolidated 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. Net profit was Rs 641 crores, compared with Rs 271 crores in the same period last fiscal year, and also included the Rs 26 crores estimated pre-tax restructuring cost as an exceptional item.
Apollo said its Indian operations carried strong revenue growth momentum into the second quarter, reflecting the effectiveness of the growth initiatives. The company reported the figures on a consolidated basis.
Chairman's comments
Chairman Onkar Kanwar said growth across categories in India had been supported by sustained rural expansion efforts and a strategic association with cricket. He said the launch of new products in the commercial vehicle segment in India had strengthened performance during the past quarter. Kanwar also noted that geopolitical tensions in West Asia remain a headwind, resulting in elevated input costs and supply chain disruptions.
CFO appointment
The board approved the appointment of Ravi Kumar Shingari as CFO 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. In the CFO role, he will report directly to Neeraj Kanwar, vice chairman and managing director.