Apollo Tyres announced robust financial results for Q3 FY26, with revenue reaching INR 77,431 Mn, up 11.8% year-over-year. EBITDA increased by 25.2% to INR 11,859 Mn, resulting in an EBITDA margin of 15.3%. The company registered its highest ever quarterly revenue in India. They also registered the highest YoY growth over the last 12 quarters.
Q3 FY26 Financial Highlights
Apollo Tyres reported a strong performance in Q3 FY26:
- Revenue: INR 77,431 Mn (up 11.8% Y-o-Y)
- EBITDA: INR 11,859 Mn (up 25.2% Y-o-Y)
- EBITDA Margin: 15.3% (up 165 Bps)
YTD FY26 Performance Overview
The company’s year-to-date performance also demonstrated strong growth:
- Revenue: INR 211,349 Mn (up 7.3% Y-o-Y)
- EBITDA: INR 30,744 Mn (up 12.4% Y-o-Y)
- EBITDA Margin: 14.5% (up 67 Bps)
India Business Highlights
Apollo Tyres achieved its highest ever quarterly revenue in India during Q3 FY26, crossing ₹5,000 Cr. They also registered the highest YoY growth over the last 12 quarters.
Europe Business Update
The company reported a flattish overall topline in Europe on a YoY basis, in line with a muted demand environment. UHP mix for the quarter stood at 52%, compared to 48% for the same quarter last year.
Balance Sheet and Cash Flow
Net debt decreased significantly to ₹ 13 Bn. This allows us to invest in future growth capex to drive growth over the next 2-3 years.
Source: BSE
