Apollo Tyres’ Board of Directors has approved raising up to ₹10,000 million through the issuance of Non-Convertible Debentures (NCDs) in one or more tranches via private placement. The fundraising is subject to shareholder approval via postal ballot and is within the borrowing limits approved under Section 180(1)(c) of the Companies Act, 2013. The decision was made at a board meeting held on November 13, 2025.
Fundraising Approval
The Board of Directors at Apollo Tyres has given the green light to a substantial fundraising initiative. The company plans to raise up to ₹10,000 million through the issuance of Non-Convertible Debentures (NCDs).
Issuance Details
The NCDs will be allotted in one or more tranches through private placement. This move is subject to the approval of shareholders, which will be sought through a postal ballot.
Strategic Context
This fundraising is within the borrowing limits already approved by the shareholders under Section 180(1)(c) of the Companies Act, 2013. More detailed information regarding the specifics of the NCD issuance will be provided following finalization by the Board or its relevant committee. The board meeting was held on November 13, 2025.
Financial Performance for Q2 2026
Apollo Tyres reported unaudited consolidated financial results for Q2 2026, with revenue from operations at ₹68,310.90 million compared to ₹64,370.25 million in Q2 2025. Net profit for the period stood at ₹2,580.47 million. Earnings per share (basic and diluted) were ₹4.07.
Segment-Wise Performance
APMEA segment revenue reached ₹48,227.80 million. The Europe segment reported revenue of ₹21,905.61 million, and the Others segment contributed ₹11,780.13 million.
Key Financial Ratios
The debt-equity ratio stands at 0.22 times, and the interest service coverage ratio is 9.60 times. The net profit margin is 3.78%, and the operating margin is 14.94%.
Additional Board Information
The board approved Un-audited Financial Results for the quarter ended September 30, 2025. They also noted that the meeting of the Board of Directors commenced at 4:00 PM and concluded at 5:45 PM.
Notes on Segment Revenue
APMEA (Asia Pacific, Middle East and Africa), Europe, and Others. APMEA segment includes manufacturing and sales operations through India and includes entities in UAE, Thailand and South Africa. Europe segment includes manufacturing and sales operations through the entities in Europe. Others segment includes sales operations in Americas and all other corporate entities.
Security Cover
The Company has maintained minimum 125 percent Security cover.
Source: BSE
