Apollo Tyres has announced its unaudited financial results for the quarter ended June 30, 2026. The company also reported the resignation of Mr. Gaurav Kumar as Whole-time Director, effective August 6, 2026. The financial results indicate a mixed performance for the quarter, with details available in the accompanying statements. Mr. Kumar will continue as CFO during the transition period.
Financial Performance for Q1 FY27
Apollo Tyres Limited disclosed its unaudited financial results for the first quarter of the financial year 2026-27, ending on June 30, 2026. The Board of Directors, at its meeting held on August 6, 2026, considered and approved these results. The consolidated financial statements show total income of ₹74,561.21 million and total expenses of ₹70,120.26 million for the quarter, leading to a profit before exceptional items and tax of ₹4,440.95 million. The company reported a profit after tax of ₹3,488.72 million for the period.
Key Management Change
In a significant development, Mr. Gaurav Kumar (DIN: 10196754) has tendered his resignation as a Whole-time Director of the Company. This resignation is effective from the close of business hours on August 6, 2026. He cited personal and professional challenges outside the organization as the reason for his departure. Mr. Kumar has confirmed that there are no other material reasons for his resignation. He will continue to serve as Chief Financial Officer for a period deemed necessary to ensure a smooth transition.
Further Details and Disclosures
The company has provided details as required by SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The unaudited financial results, including standalone and consolidated figures, along with limited review reports from statutory auditors, have been enclosed. Furthermore, extracts of the consolidated financial results will be published in newspapers. Information regarding Mr. Kumar’s resignation, including his role as a member of the Risk Management Committee, is detailed in Annexure A.
Operational and Financial Highlights
The Board meeting commenced at 3:30 PM and concluded at 4:40 PM on August 6, 2026. The company also stated that there are no issue proceeds pending for utilisation, making Regulation 52(7) and 52(7A) not applicable for the quarter. The full financial results are available on the websites of the stock exchanges and the company’s website.
Source: BSE
