Apollo Tyres’ Board has approved the issuance of Non-Convertible Debentures (NCDs) up to ₹10,000 million via private placement. The decision occurred alongside the approval of unaudited financial results for Q2 2026, showcasing a revenue from operations of ₹68,310.90 million. The company aims to strengthen its financial position and invest in future growth opportunities, pending shareholder approval via postal ballot.
Fund Raising via NCD Issuance
The Board of Directors has given the green light for raising funds through the issuance of Non-Convertible Debentures (NCDs), totaling up to ₹10,000 million. These NCDs will be allotted in one or more tranches through private placement. This initiative remains subject to shareholder approval, which will be sought through a postal ballot.
Financial Performance: Q2 2026 Highlights
The Board has reviewed and approved the unaudited financial results for Q2 2026. Key highlights include:
- Revenue from operations:₹68,310.90 million
- Other income:₹297.39 million
- Profit before tax:₹3,860.84 million
- Total expenses:₹62,947.94 million
- Profit for the period:₹2,580.47 million
Segment Performance
Here is a breakdown of revenue by key geographical segments:
- APMEA:₹48,227.80 million
- Europe:₹21,905.61 million
- Others:₹11,780.13 million
Key Ratios and Metrics
Several financial ratios were disclosed:
- Debt equity ratio: 0.22 times
- Debt service coverage ratio: 3.13 times
- Interest service coverage ratio: 9.60 times
- Current ratio: 1.26 times
- Operating margin: 14.94%
- Net profit margin: 3.78%
Additional Key Points
- The company’s listed non-convertible debentures (NCDs) outstanding aggregated ₹8,650 Million as of September 30, 2025.
- Commercial papers of the Company outstanding were valued at ₹3,000 Million as of September 30, 2025.
Source: BSE
