Apollo Tyres has announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company’s Board of Directors also approved the issuance of Non-Convertible Debentures (NCDs) aggregating up to ₹10,000 million. This fundraising is intended to be conducted through private placement, subject to shareholder approval via postal ballot. The results reflect the company’s financial performance for the specified periods.
Apollo Tyres Board Approves Financial Results and Fundraising
Apollo Tyres Ltd. held its Board of Directors meeting on November 4, 2026, where it considered and approved several key items. The Board reviewed and approved the unaudited financial results (both standalone and consolidated) for the quarter and half-year ended September 30, 2026.
Appointment of Chief Financial Officer
In a significant management update, the Board also approved the appointment of Mr. Ravi Kumar Shingari as the Chief Financial Officer (CFO) of the Company. This appointment, effective from November 4, 2026, was based on the recommendations of the Nomination and Remuneration Committee and the Audit Committee. Mr. Shingari brings extensive experience to the role, having joined Apollo Tyres in 2018 and previously holding a partner position at KPMG India.
Fundraising via Non-Convertible Debentures
Furthermore, the Board approved a proposal to raise funds through the issuance of Non-Convertible Debentures (NCDs). The aggregate amount intended to be raised is up to ₹10,000 million (approximately USD 120 million). This fundraising will be executed through a private placement route, potentially in one or more tranches. The issuance is contingent upon shareholder approval via a postal ballot and will be conducted within the borrowing limits sanctioned by the shareholders under Section 180(1)(c) of the Companies Act, 2013. Details regarding this issuance will be provided upon finalization by the Board or its committees.
Financial Highlights (Consolidated)
The unaudited consolidated financial results for the quarter ended September 30, 2026, show total income of ₹80,105.08 million, with profit before tax at ₹3,961.75 million. The profit after tax for the period stood at ₹2,922.87 million. For the half-year ended September 30, 2026, total income was ₹154,666.29 million, with profit before tax at ₹8,638.68 million and profit after tax at ₹6,411.59 million. These figures highlight the company’s financial performance during the reported periods.
Standalone Financial Highlights
On a standalone basis, for the quarter ended September 30, 2026, total income was ₹59,598.29 million, profit before tax was ₹3,763.31 million, and profit after tax was ₹2,757.24 million. For the half-year ended September 30, 2026, standalone total income reached ₹114,552.78 million, with profit before tax at ₹7,842.79 million and profit after tax at ₹5,799.73 million.
Source: BSE
