Apollo Tyres’ Board of Directors has approved an interim dividend of ₹3.50 per equity share for FY26, with a record date of February 10, 2026. Additionally, the Board greenlit a capacity expansion project at the company’s Andhra Pradesh plant for Passenger Car Radial (PCR) and Truck Bus Radial (TBR) tyres. These decisions highlight Apollo Tyres’ commitment to shareholder returns and strategic growth initiatives. The dividend will be paid within 30 days of declaration.
Interim Dividend Declared
The Board of Directors has declared an interim dividend of ₹3.50 per equity share (on the face value of Re. 1 per Equity Share) for FY26. The record date for determining shareholder entitlement is February 10, 2026. Payment will be made within 30 days from the declaration date.
Capacity Expansion in Andhra Pradesh
Apollo Tyres will expand capacity at its 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. Details include:
- Existing PCR Capacity: Approximately 7.1 Mn Tyres per annum (including additions under implementation).
- Existing TBR Capacity: Approximately 1.6 Mn Tyres per annum (including additions under implementation).
- PCR Capacity Utilization: Approximately 82% of installed capacity.
- TBR Capacity Utilization: Approximately 89% of installed capacity.
- Proposed PCR Addition: Approximately 3.7 Mn Tyres per annum.
- Proposed TBR Addition: Approximately 1.3 Mn Tyres per annum.
- Investment Required: ₹5,810 crore.
- Mode of Financing: A mix of internal accruals and debt.
Rationale for Expansion
The company anticipates healthy short- to medium-term growth in both PCR and TBR categories. The investment is planned to incrementally expand capacity in line with expected demand.
Financial Performance Overview (Q3 FY26 Consolidated)
Apollo Tyres reported the following consolidated financial results for Q3 FY26:
- Revenue from operations: ₹77,430.77 million.
- Other income: ₹495.51 million.
- Profit for the period: ₹4,705.18 million.
- Total comprehensive income: ₹6,190.18 million.
- Basic EPS: ₹7.43
Source: BSE
