Apollo Tyres’ board has approved an interim dividend of ₹3.50 per equity share for FY26, with a record date of February 10, 2026. The board also greenlit a capacity expansion at the Andhra Pradesh plant for Passenger Car Radial (PCR) and Truck Bus Radial (TBR) tyres. The expansion is expected to be completed by the end of FY2029 and will be funded through a mix of internal accruals and debt.
Interim Dividend Declared
The Board of Directors has declared an interim dividend of ₹3.50 per equity share (face value of ₹1 per share) for the fiscal year 2026 (FY26). The record date for determining shareholders’ eligibility for the dividend payout is February 10, 2026. The dividend will be paid within 30 days from the declaration date.
Andhra Pradesh Plant Expansion
A capacity expansion project has been approved for the company’s plant in Andhra Pradesh, focusing on both Passenger Car Radial (PCR) and Truck Bus Radial (TBR) tyres. This strategic move aims to address anticipated growth in these categories.
Expansion Details
The project entails an investment of ₹5,810 crore and is expected to be completed by the end of fiscal year 2029 (FY29). Funding will be sourced through a combination of internal accruals and debt.
Rationale for Expansion
Apollo Tyres anticipates healthy growth in the short to medium term for both PCR and TBR tyre segments. The capacity expansion is planned to incrementally meet the expected demand.
Current Capacity and Utilization
The current capacity for PCR tyres is approximately 7.1 Mn tyres per annum. TBR capacity is approximately 1.6 Mn tyres per annum. Existing capacity utilization stands at approximately 82% for PCR and 89% for TBR tyres.
Proposed Capacity Addition
The expansion aims to add approximately 3.7 Mn tyres per annum of PCR capacity and 1.3 Mn tyres per annum of TBR capacity.
Financial Performance: Q3 FY26
Apollo Tyres reported a consolidated revenue from operations of ₹77,430.77 Million for Q3 FY26, compared to ₹69,279.54 Million in Q3 FY25. Net profit for the period stood at ₹4,705.18 Million.
Source: BSE
